Subject: Riverside, California Sample Letter for Agreement to Extend Debt Payment Dear [Creditor's Name], I am writing to formally request an extension for the payment of my outstanding debt to you. Currently, residing in Riverside, California, I am facing temporary financial difficulties due to unexpected circumstances. I am committed to resolving this matter responsibly and appreciate your willingness to negotiate the terms of repayment. In recent months, Riverside, California, has seen a significant increase in living expenses, impacting many residents' ability to meet their financial obligations. As a result, I humbly ask for your understanding and cooperation in granting me an extension for the outstanding debt payment. I propose extending the repayment period by [number of months/weeks]. This extension will allow me sufficient time to regain my financial stability and meet my obligations in a timely manner. I assure you that I am fully committed to fulfilling my debt and will do everything possible to make prompt payments as agreed upon. By granting this extension, we can avoid the potential consequences of defaulting on the debt, which neither of us desires. It is in both our best interests to work together towards a resolution that benefits us both. I understand that extending the payment period may require the alteration of the original terms and conditions. Therefore, I am open to discussing any revised terms, such as an adjustment in monthly payments or an extension fee, to ensure a fair and practical agreement for both parties. As a responsible debtor, I will make every effort to adhere to the revised payment plan and will promptly notify you of any unforeseen circumstances that may impact my ability to meet the proposed terms. Transparency and open communication are essential for building a foundation of trust between us. I kindly request a written acknowledgment of this agreement to extend the debt payment, including the revised terms, if any. This will enable both parties to have a clear understanding of our obligations moving forward and prevent any potential misunderstandings. It is my sincere hope that you will consider my request for an extension and work with me to find a mutually beneficial solution. I genuinely value our business relationship and believe that by cooperating, we can achieve a satisfactory resolution. Thank you for your attention to this matter. I look forward to receiving your favorable response soon. Yours sincerely, [Your Name] [Your Contact Information]
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.