Subject: Request for Extension of Time — [Your Account Name and Number] Dear [Bank Name] Customer Service, I hope this letter finds you well. I am writing to request an extension of time regarding [specific loan/mortgage/credit card debt] to be paid as per the agreed-upon payment schedule. As an Iowa resident and valued customer of [Bank Name], I am facing unexpected financial setbacks due to [mention the reason for financial hardship, such as job loss, medical issues, or other unforeseen circumstances]. This has made it challenging for me to meet my financial obligations within the previously established timeframe. I understand the importance of fulfilling my financial responsibilities and maintaining a good credit standing. Therefore, I kindly request your assistance in allowing me an extension of [mention the number of days or months] to [specific new due date] for the payment. This additional time will enable me to stabilize my financial situation and subsequently fulfill my obligations to the bank. To ensure transparency, I would like to provide you with some information regarding my current financial situation: 1. [Briefly explain the nature of your hardship, providing relevant details] 2. [Mention any efforts you are making to improve your financial situation, such as seeking new employment, reducing expenses, or exploring additional sources of income] 3. [If applicable, provide any supporting documentation or evidence that substantiates your circumstances, such as medical reports, termination letters, or financial statements] I understand that modifications to the payment terms may affect the interest rate or the overall repayment period of the loan. However, I am willing to collaborate with the bank to reach an agreement that is mutually beneficial and ensures my commitment to fulfilling my obligations. I kindly request that you assist me in this matter and inform me of your decision regarding the extension request at your earliest convenience. Please advise me of any necessary procedures or documentation required to proceed with the extension process. Thank you for your attention to this matter. I sincerely appreciate your understanding and consideration. Your support during this time will enable me to navigate this temporary financial setback effectively and uphold my commitments in a timely manner. Please feel free to contact me at [your phone number] or [your email address] should you require any additional information or clarification. I am always available to discuss this matter further. Yours sincerely, [Your Full Name] [Your Address] [City, State, ZIP Code] [Date]