Illinois 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 Subject: Request for Extension of Time on Promissory Note — Urgent Assistance Required Dear [Creditor's Name], I hope this letter finds you in good health and high spirits. I am writing to request an extension of time on the promissory note, which I currently hold with your esteemed institution. Due to unforeseen circumstances, I have encountered difficulties in meeting the original repayment deadline of [mention original due date]. Let me provide some context for my situation. I am a resident of the state of Illinois, and as you may be aware, unexpected financial burdens can arise quite unexpectedly in this bustling state. [Insert personal experiences, hardships, or any particular reasons that led to your current financial strain and difficulty in repayment]. I truly believe that with your understanding and empathy, we can resolve this situation in a mutually satisfactory manner. Given the circumstances, I kindly request an extension of [mention desired extension period] to fulfill my financial obligations. I am firmly committed to repaying the entire outstanding balance, and the extension will provide me with a reasonable timeframe to arrange the necessary funds and fulfill my obligations as agreed. I assure you that this extension will not only benefit me but also ensure that your institution ultimately receives the full repayment as per the original terms of our agreement. Furthermore, I sincerely value the relationship I have with your esteemed institution, and I remain fully determined to honor my obligations. In recognition of the seriousness of this matter, I have already taken proactive measures to improve my financial situation. [Mention any steps taken, such as seeking additional income sources, cutting down expenses, or exploring alternative solutions]. I kindly request you to review my case sympathetically and grant me the requested extension. I would be more than willing to provide any additional information or documentation that you may require to facilitate a positive resolution to this matter. Please find enclosed relevant supporting documents [if applicable], such as financial statements, proof of income, or any other documentation that may assist in your evaluation. I have also included a self-addressed envelope for your convenience, in case you require any further documentation or information from me. I would greatly appreciate your prompt attention to this matter, as it weighs heavily on my mind. Furthermore, I kindly request you to respond to this letter within [mention a reasonable timeframe] to provide me with the necessary details concerning the approval of my request. Thank you for your understanding, flexibility, and consideration. Your support during this challenging period would greatly relieve my financial stress and enable me to fulfill my obligations faithfully. I am confident that, with your assistance and cooperation, we can find a favorable resolution that ensures our continued positive financial partnership. I await your positive response, and sincerely thank you for your time and attention to this matter. Yours sincerely, [Your Name] [Your Contact Information]

Subject: Request for Extension of Time on Promissory Note — Urgent Assistance Required Dear [Creditor's Name], I hope this letter finds you in good health and high spirits. I am writing to request an extension of time on the promissory note, which I currently hold with your esteemed institution. Due to unforeseen circumstances, I have encountered difficulties in meeting the original repayment deadline of [mention original due date]. Let me provide some context for my situation. I am a resident of the state of Illinois, and as you may be aware, unexpected financial burdens can arise quite unexpectedly in this bustling state. [Insert personal experiences, hardships, or any particular reasons that led to your current financial strain and difficulty in repayment]. I truly believe that with your understanding and empathy, we can resolve this situation in a mutually satisfactory manner. Given the circumstances, I kindly request an extension of [mention desired extension period] to fulfill my financial obligations. I am firmly committed to repaying the entire outstanding balance, and the extension will provide me with a reasonable timeframe to arrange the necessary funds and fulfill my obligations as agreed. I assure you that this extension will not only benefit me but also ensure that your institution ultimately receives the full repayment as per the original terms of our agreement. Furthermore, I sincerely value the relationship I have with your esteemed institution, and I remain fully determined to honor my obligations. In recognition of the seriousness of this matter, I have already taken proactive measures to improve my financial situation. [Mention any steps taken, such as seeking additional income sources, cutting down expenses, or exploring alternative solutions]. I kindly request you to review my case sympathetically and grant me the requested extension. I would be more than willing to provide any additional information or documentation that you may require to facilitate a positive resolution to this matter. Please find enclosed relevant supporting documents [if applicable], such as financial statements, proof of income, or any other documentation that may assist in your evaluation. I have also included a self-addressed envelope for your convenience, in case you require any further documentation or information from me. I would greatly appreciate your prompt attention to this matter, as it weighs heavily on my mind. Furthermore, I kindly request you to respond to this letter within [mention a reasonable timeframe] to provide me with the necessary details concerning the approval of my request. Thank you for your understanding, flexibility, and consideration. Your support during this challenging period would greatly relieve my financial stress and enable me to fulfill my obligations faithfully. I am confident that, with your assistance and cooperation, we can find a favorable resolution that ensures our continued positive financial partnership. I await your positive response, and sincerely thank you for your time and attention to this matter. Yours sincerely, [Your Name] [Your Contact Information]