North Carolina 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 in North Carolina Dear [Lender's Name], I hope this letter finds you in good health and high spirits. I am writing to formally request an extension of time on the promissory note [mention the specific agreement/loan document] that was entered into by both parties on [mention the date of the original agreement]. Due to unforeseen circumstances, I am currently unable to fulfill my obligations within the agreed-upon timeframe. I highly appreciate your understanding and cooperation as I explain the reasons behind this request. [Provide a brief description of the circumstances leading to the need for an extension, ensuring to include pertinent details such as job loss, medical issues, family emergencies, or any other significant events that may have impacted your ability to honor the original terms.] Having carefully reviewed my current financial situation, I am confident in my ability to meet the revised repayment schedule. Therefore, I kindly request an extension of [specify the number of days, weeks, or months] to complete the outstanding payment. In order to assure you of my genuine commitment to this agreement, please find attached a revised payment plan outlining the proposed schedule and the repayment terms. I have critically examined my finances and made necessary adjustments to ensure the timely fulfillment of my obligations. I am committed to providing regular updates on my progress throughout the extended repayment period. Furthermore, I fully understand that this extension of time is subject to your approval and any terms or conditions you may require. Furthermore, I assure you that I am dedicated to transparent and open communication regarding my financial situation. If there are any documents, such as updated income statements or supporting letters, that could further assist my request, please do not hesitate to inform me and I will promptly provide them. I am incredibly grateful for your understanding and consideration of my request. Your flexibility in granting this extension would significantly alleviate the current financial strain, allowing me the necessary time to make the required payments without undue hardship. I sincerely hope that we can mutually agree on this extension, as it will enable me to uphold my commitment to the original agreement. Thank you for your attention to this matter. I kindly request your prompt response within [mention a reasonable timeframe] to allow me to move forward with the necessary arrangements. Please provide any feedback or additional requirements you might have in your response. Once again, I express my deep appreciation for your support and understanding. I look forward to resolving this matter with your assistance and commitment. Yours sincerely, [Your Name] [Your Contact Information]

Subject: Request for Extension of Time on Promissory Note in North Carolina Dear [Lender's Name], I hope this letter finds you in good health and high spirits. I am writing to formally request an extension of time on the promissory note [mention the specific agreement/loan document] that was entered into by both parties on [mention the date of the original agreement]. Due to unforeseen circumstances, I am currently unable to fulfill my obligations within the agreed-upon timeframe. I highly appreciate your understanding and cooperation as I explain the reasons behind this request. [Provide a brief description of the circumstances leading to the need for an extension, ensuring to include pertinent details such as job loss, medical issues, family emergencies, or any other significant events that may have impacted your ability to honor the original terms.] Having carefully reviewed my current financial situation, I am confident in my ability to meet the revised repayment schedule. Therefore, I kindly request an extension of [specify the number of days, weeks, or months] to complete the outstanding payment. In order to assure you of my genuine commitment to this agreement, please find attached a revised payment plan outlining the proposed schedule and the repayment terms. I have critically examined my finances and made necessary adjustments to ensure the timely fulfillment of my obligations. I am committed to providing regular updates on my progress throughout the extended repayment period. Furthermore, I fully understand that this extension of time is subject to your approval and any terms or conditions you may require. Furthermore, I assure you that I am dedicated to transparent and open communication regarding my financial situation. If there are any documents, such as updated income statements or supporting letters, that could further assist my request, please do not hesitate to inform me and I will promptly provide them. I am incredibly grateful for your understanding and consideration of my request. Your flexibility in granting this extension would significantly alleviate the current financial strain, allowing me the necessary time to make the required payments without undue hardship. I sincerely hope that we can mutually agree on this extension, as it will enable me to uphold my commitment to the original agreement. Thank you for your attention to this matter. I kindly request your prompt response within [mention a reasonable timeframe] to allow me to move forward with the necessary arrangements. Please provide any feedback or additional requirements you might have in your response. Once again, I express my deep appreciation for your support and understanding. I look forward to resolving this matter with your assistance and commitment. Yours sincerely, [Your Name] [Your Contact Information]