Subject: Request for Extension of Time on Promissory Note — [Your Name] [Your Name] [Your Address] [City, State, ZIP Code] [Phone Number] [Email Address] [Date] [Recipient's Name] [Recipient's Position] [Recipient's Company or Institution] [Recipient's Address] [City, State, ZIP Code] Dear [Recipient's Name], I hope this letter finds you well. I am writing to you today regarding a promissory note that I had executed with your institution on [date]. As per the terms of this agreement, I am writing to request an extension of time for the repayment of the promissory note. Under the current circumstances, I find myself facing unexpected financial difficulties caused by [briefly explain the reason for financial difficulties, such as loss of employment, medical emergencies, or other relevant factors]. Due to these unforeseen circumstances, I am unable to meet the scheduled repayment date stated in the promissory note. I would like to emphasize my commitment to fulfilling my financial obligations and my intention to repay the outstanding amount. However, I respectfully request an extension of [state the specific duration of extension requested, for example, 60 days] to allow me to overcome this temporary setback and arrange for the necessary funds. During this extension period, I assure you that I will be actively working towards meeting my financial obligations and will keep you informed of any significant developments or changes in my situation. I understand that any extension granted does not exempt me from the accrued interest, and I am fully prepared to honor these obligations promptly upon the expiration of the granted extension period. I kindly request your understanding and consideration regarding my current circumstances. Granting an extension in this matter will allow me to reorganize my financial affairs promptly and avoid any detrimental repercussions for both parties involved. To facilitate this extension request, please find attached [relevant supporting documents, if any, such as medical reports, termination letter, or any other documents that strengthen your case]. These documents serve to provide additional evidence of the significant challenges affecting my financial situation. I would be grateful if you could review my request at your earliest convenience. Please feel free to contact me at [phone number] or [email address] to discuss any further details or to seek clarification on any matters related to this extension request. I appreciate your prompt attention to this matter and trust that you will consider my request favorably. You're understanding and cooperation are crucial in helping me resolve this temporary financial setback. I genuinely value the relationship we have built and remain committed to fulfilling my obligations. Thank you for your time and consideration. Sincerely, [Your Name]
District of Columbia Sample Letter for Request for Extension of Time on Promissory Note
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How to fill out District Of Columbia Sample Letter For Request For Extension Of Time On Promissory Note?
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FAQ
I hereby write to inform you that I will not be able to pay the fees of (Semester/Year) due to (salary issues/some other emergency payments). I promise that I shall pay the fees by (Date and Month), and there will be no delay in the same.
This is to express in writing my inability to pay on time the amount due for my tuition fees amounting to P. I promise to pay said amount on or before . Furthermore, I am fully aware that subsequent Promissory Notes shall not be accepted without settling my current due amount.
My next specify payment will be due on , 20 . Due to an unexpected emergency that has occurred, I will be unable to make this payment by the date I am requesting an extension of time to make this payment.
I have to pay a total amount of (amount) and which is getting difficult for my parents. As per (mention reason) I request you to kindly allow me to pay the fees in installments. I look forward to your kind support. I shall be highly obliged.
My next specify payment will be due on , 20 . Due to an unexpected emergency that has occurred, I will be unable to make this payment by the date I am requesting an extension of time to make this payment.
How to get bill extensions during COVID-19Identify the payments you need to defer.Contact the service provider or lender.Ask to change the date of payments.Ask for a bill extension.Request a payment plan or reduced payment.Work with a housing or credit counselor.Consider using bill extension apps.
(Cordially describe your greetings). We will try our best to make the payment on time and apologize for the inconvenience caused to you. I ask you to consider my request for postponement of the last day for the advance payment of the money promised according to the deal signed between us and your company (date).
I respectfully ask for permission to pay my fees a week or two after the due date. My father had passed away many years ago and my mother is unable to work full time, so my siblings and I are the earners of the house and we each have part-time jobs. (Explain the actual problem and situation).
Use these steps to help you make an effective deadline extension request:Determine deadline importance.Decide how to ask.Provide a specific reason.Show your dedication.Offer to share your progress.Set a reasonable new deadline.Show gratitude.Example conversational request.More items...?
Dear Sir. RE: Request for extension time in paying fee. I am Santos, a student of Avenue Park School and I am writing to request for an extension of time in paying up the school dues that I have not been able to clear due to unavoidable circumstances back at home.
