New Hampshire Sample Letter for Agreement to Extend Debt Payment

• Category: Letters - Nonlegal - Agreements
• State: Multi-State
• Control #: US-0052LR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. Subject: New Hampshire Sample Letter for Agreement to Extend Debt Payment — Ensuring Stress-Free Repayment Dear [Creditor's Name], I am writing to you today to discuss the possibility of extending the debt payment agreement we currently have in place. As a responsible borrower, I understand the importance of meeting my financial obligations punctually. However, due to unforeseen circumstances impacting my personal finances, I find it necessary to propose an extension to the existing repayment schedule. Considering the nature of our lender-borrower relationship, I am confident that we can work together to find a mutually beneficial solution. I greatly appreciate your willingness to review my request carefully and consider the options outlined below. 1. Extension of Repayment Period: I kindly request an extension of the current repayment period, thereby allowing me additional time to fulfill my outstanding debt. With this extension, I assure you that I will make consistent, monthly payments until the entire balance is cleared. 2. Revised Monthly Payment Amount: Alternatively, I propose a revised monthly payment amount that matches my current financial capabilities while ensuring regular installment. This adjusted amount, carefully calculated, will align more closely with my existing income to avoid any further financial strain. 3. Temporary Suspension of Payments: In light of my ongoing financial hardships, I humbly request a temporary suspension of debt payments. This arrangement would allow me to stabilize my finances and overcome the temporary setbacks I am facing. Upon the agreed-upon duration’s conclusion, I commit to resume regular payments swiftly. I understand that any modification made to the original debt payment agreement should be formalized in writing to avoid any misunderstandings. Therefore, I kindly request your assistance in preparing an agreement amendment that clearly outlines the mutually agreed-upon terms, including the revised repayment schedule or the payment suspension period, if applicable. Moreover, I assure you that I will prioritize this outstanding debt and demonstrate unwavering commitment towards fulfillment. I value the trust you have placed in me, and I am devoted to restoring that trust through open communication and timely payment. If you find it necessary to discuss this matter further, please feel free to contact me at your convenience. I am more than willing to provide any additional documentation or details that you may require. Thank you for your understanding and consideration of my circumstances. I am confident that by working together, we can arrive at a solution that allows for a fair and equitable resolution of my outstanding debt. Looking forward to your prompt response. Sincerely, [Your Name] [Your Address] [City, State, ZIP] [Phone Number] [Email Address]

Subject: New Hampshire Sample Letter for Agreement to Extend Debt Payment — Ensuring Stress-Free Repayment Dear [Creditor's Name], I am writing to you today to discuss the possibility of extending the debt payment agreement we currently have in place. As a responsible borrower, I understand the importance of meeting my financial obligations punctually. However, due to unforeseen circumstances impacting my personal finances, I find it necessary to propose an extension to the existing repayment schedule. Considering the nature of our lender-borrower relationship, I am confident that we can work together to find a mutually beneficial solution. I greatly appreciate your willingness to review my request carefully and consider the options outlined below. 1. Extension of Repayment Period: I kindly request an extension of the current repayment period, thereby allowing me additional time to fulfill my outstanding debt. With this extension, I assure you that I will make consistent, monthly payments until the entire balance is cleared. 2. Revised Monthly Payment Amount: Alternatively, I propose a revised monthly payment amount that matches my current financial capabilities while ensuring regular installment. This adjusted amount, carefully calculated, will align more closely with my existing income to avoid any further financial strain. 3. Temporary Suspension of Payments: In light of my ongoing financial hardships, I humbly request a temporary suspension of debt payments. This arrangement would allow me to stabilize my finances and overcome the temporary setbacks I am facing. Upon the agreed-upon duration’s conclusion, I commit to resume regular payments swiftly. I understand that any modification made to the original debt payment agreement should be formalized in writing to avoid any misunderstandings. Therefore, I kindly request your assistance in preparing an agreement amendment that clearly outlines the mutually agreed-upon terms, including the revised repayment schedule or the payment suspension period, if applicable. Moreover, I assure you that I will prioritize this outstanding debt and demonstrate unwavering commitment towards fulfillment. I value the trust you have placed in me, and I am devoted to restoring that trust through open communication and timely payment. If you find it necessary to discuss this matter further, please feel free to contact me at your convenience. I am more than willing to provide any additional documentation or details that you may require. Thank you for your understanding and consideration of my circumstances. I am confident that by working together, we can arrive at a solution that allows for a fair and equitable resolution of my outstanding debt. Looking forward to your prompt response. Sincerely, [Your Name] [Your Address] [City, State, ZIP] [Phone Number] [Email Address]