Colorado Sample Letter for Agreement to Extend Debt Payment

• Category: Letters - Nonlegal - Agreements
• State: Multi-State
• Control #: US-0052LR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Subject: Colorado Sample Letter for Agreement to Extend Debt Payment Dear [Recipient's Name], I hope this letter finds you well. I am writing to discuss an important matter regarding the repayment of my outstanding debt. Due to unforeseen financial circumstances, I am experiencing temporary difficulties in making the scheduled payments on time. However, I am committed to honoring my debt and would like to formally request an agreement to extend the debt payment period. As a resident of Colorado, I understand the significance of maintaining a good credit standing and ensuring timely payments. In light of this, I would like to propose the following terms for a mutually beneficial debt extension: 1. Amount of Debt: [Specify the total amount of debt owed.] 2. Original Payment Terms: [State the original payment terms agreed upon.] 3. Requested Extension Period: [Specify the desired extension period, e.g., an additional six months.] 4. Revised Payment Schedule: [Provide a detailed proposed payment schedule for the extended period.] 5. Interest and Fees: [Specify whether the interest or any additional fees will apply during the extension period.] 6. Assurances: [Affirm your commitment to fulfilling the extended payment obligations.] 7. Contact Information: [Provide your contact information for any further correspondence or clarification.] I kindly request you to carefully consider this proposal and respond to me within [mention a reasonable timeframe, i.e., 10 days] with your decision. If you have any counteroffers or suggestions, I am open to discussing them. I value the relationship we have established throughout this debt repayment process, and I genuinely intend to fulfill my financial obligations. I believe that with an extended payment period, I can successfully overcome my temporary setback and satisfy the debt in compliance with our agreement. To formalize this agreement and ensure both parties are protected, I propose executing a written agreement that embodies the mutually accepted terms. Should you require any legal documentation or assistance in preparing this extension agreement, I am willing to bear the costs associated with necessary professional services. Please find enclosed copies of my recent financial statements that will provide comprehensive details about my current situation. I urge you to examine this information, which demonstrates my sincerity in finding a reasonable resolution. I appreciate your understanding and cooperation during this challenging time. Furthermore, I am confident that together, we can find a solution that benefits both parties involved. Thank you for your attention to this matter, and I eagerly await your prompt response. Yours sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Subject: Colorado Sample Letter for Agreement to Extend Debt Payment Dear [Recipient's Name], I hope this letter finds you well. I am writing to discuss an important matter regarding the repayment of my outstanding debt. Due to unforeseen financial circumstances, I am experiencing temporary difficulties in making the scheduled payments on time. However, I am committed to honoring my debt and would like to formally request an agreement to extend the debt payment period. As a resident of Colorado, I understand the significance of maintaining a good credit standing and ensuring timely payments. In light of this, I would like to propose the following terms for a mutually beneficial debt extension: 1. Amount of Debt: [Specify the total amount of debt owed.] 2. Original Payment Terms: [State the original payment terms agreed upon.] 3. Requested Extension Period: [Specify the desired extension period, e.g., an additional six months.] 4. Revised Payment Schedule: [Provide a detailed proposed payment schedule for the extended period.] 5. Interest and Fees: [Specify whether the interest or any additional fees will apply during the extension period.] 6. Assurances: [Affirm your commitment to fulfilling the extended payment obligations.] 7. Contact Information: [Provide your contact information for any further correspondence or clarification.] I kindly request you to carefully consider this proposal and respond to me within [mention a reasonable timeframe, i.e., 10 days] with your decision. If you have any counteroffers or suggestions, I am open to discussing them. I value the relationship we have established throughout this debt repayment process, and I genuinely intend to fulfill my financial obligations. I believe that with an extended payment period, I can successfully overcome my temporary setback and satisfy the debt in compliance with our agreement. To formalize this agreement and ensure both parties are protected, I propose executing a written agreement that embodies the mutually accepted terms. Should you require any legal documentation or assistance in preparing this extension agreement, I am willing to bear the costs associated with necessary professional services. Please find enclosed copies of my recent financial statements that will provide comprehensive details about my current situation. I urge you to examine this information, which demonstrates my sincerity in finding a reasonable resolution. I appreciate your understanding and cooperation during this challenging time. Furthermore, I am confident that together, we can find a solution that benefits both parties involved. Thank you for your attention to this matter, and I eagerly await your prompt response. Yours sincerely, [Your Name]