Alaska Sample Letter for Request for Extension of Time on Promissory Note

• Category: Letters - Nonlegal - Requests
• State: Multi-State
• Control #: US-0395LR
• Format: Word; Rich Text

Description

Sample Letter for Request for Extension of Time on Promissory Note [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Name of the Lender] [Address of the Lender] [City, State, ZIP] Subject: Request for Extension of Time on Promissory Note Dear [Name of the Lender], I hope this letter finds you in good health and high spirits. I am writing to formally request an extension of time on my promissory note, which I have with your financial institution. I have been a valued customer of your organization for [number of years] and have always maintained a good relationship with your institution. Due to unforeseen circumstances, I am experiencing temporary financial difficulties which have hindered my ability to make my scheduled payment on the promissory note on time. I understand my obligation to repay the loan amount and fully intend to honor my commitment. However, I kindly request your understanding and assistance during this challenging period. I am confident that my financial situation will improve within the upcoming [number of months] months, which will enable me to resume my regular payments. To demonstrate my sincerity, I have attached supporting documents that provide an overview of my current financial situation. Included are bank statements, income statements, and any other relevant documents to support my request for an extension. I propose to extend the repayment deadline of the promissory note by [number of months], allowing me to get back on track with my financial obligations. I am committed to paying any accrued interest on the outstanding balance during this extension period. In addition, I am open to discussing alternative arrangements or negotiating revised payment terms that would benefit both parties involved. If necessary, I would be grateful if you could advise me on any additional documentation or information required to support my request or facilitate this process. I greatly appreciate your attention to this matter and sincerely hope you can accommodate my request for an extension of time. I remain dedicated to fulfilling my financial obligations and value the relationship with your institution. Furthermore, I assure you that this extension will be a temporary measure and that I will continue to maintain open communication regarding my financial situation. Please feel free to contact me at [phone number] or [email address] to discuss this matter further. Thank you for your understanding, compassion, and consideration of my request. Yours sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Name of the Lender] [Address of the Lender] [City, State, ZIP] Subject: Request for Extension of Time on Promissory Note Dear [Name of the Lender], I hope this letter finds you in good health and high spirits. I am writing to formally request an extension of time on my promissory note, which I have with your financial institution. I have been a valued customer of your organization for [number of years] and have always maintained a good relationship with your institution. Due to unforeseen circumstances, I am experiencing temporary financial difficulties which have hindered my ability to make my scheduled payment on the promissory note on time. I understand my obligation to repay the loan amount and fully intend to honor my commitment. However, I kindly request your understanding and assistance during this challenging period. I am confident that my financial situation will improve within the upcoming [number of months] months, which will enable me to resume my regular payments. To demonstrate my sincerity, I have attached supporting documents that provide an overview of my current financial situation. Included are bank statements, income statements, and any other relevant documents to support my request for an extension. I propose to extend the repayment deadline of the promissory note by [number of months], allowing me to get back on track with my financial obligations. I am committed to paying any accrued interest on the outstanding balance during this extension period. In addition, I am open to discussing alternative arrangements or negotiating revised payment terms that would benefit both parties involved. If necessary, I would be grateful if you could advise me on any additional documentation or information required to support my request or facilitate this process. I greatly appreciate your attention to this matter and sincerely hope you can accommodate my request for an extension of time. I remain dedicated to fulfilling my financial obligations and value the relationship with your institution. Furthermore, I assure you that this extension will be a temporary measure and that I will continue to maintain open communication regarding my financial situation. Please feel free to contact me at [phone number] or [email address] to discuss this matter further. Thank you for your understanding, compassion, and consideration of my request. Yours sincerely, [Your Name]