Connecticut 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 Dear [Lender's Name], I am writing to formally request an extension of time on the promissory note that I am currently obligated to pay. I hope that you will consider granting me this extension, as I am facing unforeseen circumstances which have impacted my ability to meet the current repayment deadline. I understand that my original repayment date is approaching, and I sincerely apologize for any inconvenience this may cause. However, due to [reason for extension request], I kindly ask for an extension of [number of days/months] to fulfill my financial obligation. [Explain the reason for the extension request in detail, providing relevant information that justifies the need for additional time. Be honest and transparent in your explanation, whether it is due to personal financial difficulties, medical emergencies, loss of employment, or any other valid reason.] I assure you that I am committed to fulfilling my obligations and understand the importance of repaying the loan in a timely manner. I am confident that the extenuating circumstances I am currently facing will be resolved within the extended timeframe requested, enabling me to honor my commitment to you. In acknowledgment of this request, I am willing to [offer alternatives, such as making partial payments, providing collateral, or extending the repayment period but at a different interest rate]. I hope this demonstrates my genuine intent to meet my obligations and maintain a positive relationship with you. Please find enclosed any supporting documentation that verifies the situation I am currently facing. I believe this will provide further context to support my request for an extension of time. I understand that this extension is subject to your approval, and I kindly ask for your prompt consideration of this matter. You're understanding and flexibility during this challenging time would be immensely appreciated. I would be grateful if you could communicate your decision regarding this extension request at your earliest convenience. Please do not hesitate to contact me at [your contact information] to discuss any further details or if you require additional information. Thank you for your understanding and consideration. Sincerely, [Your Name] [Your Address] [City, State, Zip Code] [Your Contact Information]

Dear [Lender's Name], I am writing to formally request an extension of time on the promissory note that I am currently obligated to pay. I hope that you will consider granting me this extension, as I am facing unforeseen circumstances which have impacted my ability to meet the current repayment deadline. I understand that my original repayment date is approaching, and I sincerely apologize for any inconvenience this may cause. However, due to [reason for extension request], I kindly ask for an extension of [number of days/months] to fulfill my financial obligation. [Explain the reason for the extension request in detail, providing relevant information that justifies the need for additional time. Be honest and transparent in your explanation, whether it is due to personal financial difficulties, medical emergencies, loss of employment, or any other valid reason.] I assure you that I am committed to fulfilling my obligations and understand the importance of repaying the loan in a timely manner. I am confident that the extenuating circumstances I am currently facing will be resolved within the extended timeframe requested, enabling me to honor my commitment to you. In acknowledgment of this request, I am willing to [offer alternatives, such as making partial payments, providing collateral, or extending the repayment period but at a different interest rate]. I hope this demonstrates my genuine intent to meet my obligations and maintain a positive relationship with you. Please find enclosed any supporting documentation that verifies the situation I am currently facing. I believe this will provide further context to support my request for an extension of time. I understand that this extension is subject to your approval, and I kindly ask for your prompt consideration of this matter. You're understanding and flexibility during this challenging time would be immensely appreciated. I would be grateful if you could communicate your decision regarding this extension request at your earliest convenience. Please do not hesitate to contact me at [your contact information] to discuss any further details or if you require additional information. Thank you for your understanding and consideration. Sincerely, [Your Name] [Your Address] [City, State, Zip Code] [Your Contact Information]