[Your Name] [Your Address] [City, State, ZIP] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Agreement to Extend Debt Payment Dear [Recipient's Name], I am writing to discuss an agreement to extend the debt payment that I owe you. As per our previous communication, I am currently facing temporary financial difficulties which prevent me from making the agreed-upon payment by its original due date. I am writing this letter in good faith to request an extension and propose a new payment plan. I am committed to fulfilling my financial obligations and believe that with an extended timeline, I will be able to successfully meet my debt payment. Furthermore, I would like to propose the following terms for the extension of the debt payment: 1. Extended Due Date: The original payment was due on [Original Due Date], and I am requesting an extension of [Extension Period] months. Thus, the new due date for the payment would be [Proposed Due Date]. 2. Revised Payment Schedule: To better manage my financial situation, I propose the following revised payment schedule: a) [Payment 1]: [Amount] due on [Date] b) [Payment 2]: [Amount] due on [Date] c) [Payment 3]: [Amount] due on [Date] [Add any additional proposed payments as necessary] 3. Interest and Fees: I understand that I may be responsible for any accrued interest and fees resulting from this extension. However, I kindly request your consideration in waiving or reducing any accumulated charges as a gesture of goodwill during this challenging time. 4. Confirmation and Acceptance: In order to proceed with this agreement, I request your written confirmation of the revised terms. Please sign and date a copy of this letter to indicate your acceptance of the proposal. Once I receive your signed agreement, I will promptly make the necessary arrangements. I genuinely appreciate your understanding and assistance during this temporary financial setback. I assure you that this extension will allow me to fulfill my financial obligation responsibly. Furthermore, I am determined to honor our agreement and will ensure that all payments are made promptly on the agreed-upon dates. If you have any concerns or suggestions regarding this proposal, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address]. I am open to discussing alternative arrangements that may work better for both parties. Thank you for your prompt attention to this matter. I look forward to receiving your positive response. Sincerely, [Your Name] -------------------------------------------------------------------------------------- Different Types of Nassau New York Sample Letters for Agreement to Extend Debt Payment: 1. Nassau New York Sample Letter for Agreement to Extend Debt Payment — Personal Loan: This letter is specifically tailored for borrowers who have obtained a personal loan and are requesting an extension on their debt payment. 2. Nassau New York Sample Letter for Agreement to Extend Debt Payment — Credit Card: This type of letter is designed for individuals who are unable to meet their credit card payment obligations and are seeking an extension to fulfill their debt repayment. 3. Nassau New York Sample Letter for Agreement to Extend Debt Payment — Mortgage: This letter is suitable for homeowners facing financial difficulties and temporarily unable to make their monthly mortgage payments as agreed. It outlines a proposal to extend the repayment schedule and make the debt more manageable. Remember, it is important to customize the content of the letter based on your specific circumstances and debt agreement.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.