New Mexico Sample Letter for Request to Bank for Extension of Time

• Category: Letters - Nonlegal - Requests
• State: Multi-State
• Control #: US-0274LR
• Format: Word; Rich Text

Description

Sample Letter for Request to Bank for Extension of Time Subject: Request for Extension of Time for Loan Repayment — Account XYZ-1234 Dear [Bank Name] Customer Service Department, I hope this message finds you well. I am writing to request an extension of time for the loan repayment on my account XYZ-1234, due to unforeseen circumstances that have impacted my financial situation. I kindly ask for your understanding and support in granting me an extension. As a resident of the beautiful state of New Mexico, I have been facing unexpected financial hardships, primarily due to [mention specific reason such as job loss, medical emergency, or natural disaster]. This unforeseen situation has significantly affected my ability to meet the loan repayment obligations according to the original schedule. Considering the unique circumstances I currently face, I humbly request an extension of [mention desired length of extension, for example, 90 days] to allow me sufficient time to stabilize my financial situation and arrange for the necessary funds to fulfill my loan repayment obligations in a timely manner. I assure you that this extension request is not an attempt to evade my financial responsibilities. Instead, it is an earnest effort to secure my obligations while also ensuring financial stability in the long run. I greatly value my relationship with [Bank Name] and wish to continue our partnership on mutually beneficial terms. To provide a clear picture of my current financial situation, I have attached supporting documentation, including [mention any relevant documentation such as bank statements, pay stubs, or medical bills]. These documents display the adverse circumstances I have been encountering, creating a genuine need for additional time to fulfill my obligations. I kindly ask you to review my extension request with empathy, taking into account the extraordinary circumstances I am currently facing. I have always been a responsible borrower and adhered to the terms and conditions of the loan agreement. It is my sincere intention to honor my commitments once I regain a stable financial footing. I am more than willing to discuss any alternative arrangements that may be suitable for both parties during this challenging period. I am open to considering options such as temporary interest-only payments, a revised repayment schedule, or any other reasonable solution that ensures the continuity of our longstanding association. Please let me know your preferred method of communication to discuss this matter further and find a mutually agreeable solution. I am available at [provide contact details — phone number and email address] and can be reached during [mention preferred contact hours]. Thank you for your understanding and consideration. I wholeheartedly appreciate your attention to this matter and look forward to your prompt response. Your cooperation in granting the extension will provide much-needed relief during these difficult times. Yours sincerely, [Your Name] [Your Address] [City, State, ZIP Code] [Account Details: XYZ-1234]

Subject: Request for Extension of Time for Loan Repayment — Account XYZ-1234 Dear [Bank Name] Customer Service Department, I hope this message finds you well. I am writing to request an extension of time for the loan repayment on my account XYZ-1234, due to unforeseen circumstances that have impacted my financial situation. I kindly ask for your understanding and support in granting me an extension. As a resident of the beautiful state of New Mexico, I have been facing unexpected financial hardships, primarily due to [mention specific reason such as job loss, medical emergency, or natural disaster]. This unforeseen situation has significantly affected my ability to meet the loan repayment obligations according to the original schedule. Considering the unique circumstances I currently face, I humbly request an extension of [mention desired length of extension, for example, 90 days] to allow me sufficient time to stabilize my financial situation and arrange for the necessary funds to fulfill my loan repayment obligations in a timely manner. I assure you that this extension request is not an attempt to evade my financial responsibilities. Instead, it is an earnest effort to secure my obligations while also ensuring financial stability in the long run. I greatly value my relationship with [Bank Name] and wish to continue our partnership on mutually beneficial terms. To provide a clear picture of my current financial situation, I have attached supporting documentation, including [mention any relevant documentation such as bank statements, pay stubs, or medical bills]. These documents display the adverse circumstances I have been encountering, creating a genuine need for additional time to fulfill my obligations. I kindly ask you to review my extension request with empathy, taking into account the extraordinary circumstances I am currently facing. I have always been a responsible borrower and adhered to the terms and conditions of the loan agreement. It is my sincere intention to honor my commitments once I regain a stable financial footing. I am more than willing to discuss any alternative arrangements that may be suitable for both parties during this challenging period. I am open to considering options such as temporary interest-only payments, a revised repayment schedule, or any other reasonable solution that ensures the continuity of our longstanding association. Please let me know your preferred method of communication to discuss this matter further and find a mutually agreeable solution. I am available at [provide contact details — phone number and email address] and can be reached during [mention preferred contact hours]. Thank you for your understanding and consideration. I wholeheartedly appreciate your attention to this matter and look forward to your prompt response. Your cooperation in granting the extension will provide much-needed relief during these difficult times. Yours sincerely, [Your Name] [Your Address] [City, State, ZIP Code] [Account Details: XYZ-1234]