New Mexico 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 — Seeking a Favorable Arrangement Dear [Lender'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 related to [provide relevant details regarding the loan, such as the loan amount, purpose, and date of agreement], which I entered into with your esteemed institution on [date of agreement]. I regret to inform you that due to unforeseen circumstances, I am facing financial challenges that have affected my ability to make the scheduled payments as outlined in the promissory note. Furthermore, I have reviewed my financial situation diligently, and I firmly believe that an extension of time will allow me to fulfill my obligations responsibly without jeopardizing my future payments. In light of this situation, I kindly request an extension of [state the desired length of the extension, such as 60 days] to provide me with the necessary time to organize my finances and meet my obligations. I assure you that this extension is not something I take lightly, but rather a measure I consider crucial to maintaining my financial credibility. Furthermore, I would like to highlight that I have always diligently adhered to my financial commitments in the past. This unforeseen setback is solely due to a temporary disruption and does not reflect my intention to default on the loan. I am confident that with the extension, I will be able to resume regular payments promptly. To demonstrate my commitment to resolving this matter, I am willing to discuss any terms or conditions that you believe would be mutually beneficial. I aim to arrive at an arrangement that is fair to both parties and eases any concerns you may have regarding the loan repayment. I kindly request your understanding and positively consider my request for an extension of time on the promissory note. Furthermore, I am eager to work with you to find a solution that meets both our needs. Furthermore, I believe that with your assistance, stability in my financial situation can be restored. Thank you for your attention to this matter. I look forward to your prompt response and anticipate a favorable resolution that aligns with my current situation. Please feel free to contact me at [your contact information] to discuss further details or to arrange a meeting at your convenience. Yours sincerely, [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number]

Subject: Request for Extension of Time on Promissory Note — Seeking a Favorable Arrangement Dear [Lender'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 related to [provide relevant details regarding the loan, such as the loan amount, purpose, and date of agreement], which I entered into with your esteemed institution on [date of agreement]. I regret to inform you that due to unforeseen circumstances, I am facing financial challenges that have affected my ability to make the scheduled payments as outlined in the promissory note. Furthermore, I have reviewed my financial situation diligently, and I firmly believe that an extension of time will allow me to fulfill my obligations responsibly without jeopardizing my future payments. In light of this situation, I kindly request an extension of [state the desired length of the extension, such as 60 days] to provide me with the necessary time to organize my finances and meet my obligations. I assure you that this extension is not something I take lightly, but rather a measure I consider crucial to maintaining my financial credibility. Furthermore, I would like to highlight that I have always diligently adhered to my financial commitments in the past. This unforeseen setback is solely due to a temporary disruption and does not reflect my intention to default on the loan. I am confident that with the extension, I will be able to resume regular payments promptly. To demonstrate my commitment to resolving this matter, I am willing to discuss any terms or conditions that you believe would be mutually beneficial. I aim to arrive at an arrangement that is fair to both parties and eases any concerns you may have regarding the loan repayment. I kindly request your understanding and positively consider my request for an extension of time on the promissory note. Furthermore, I am eager to work with you to find a solution that meets both our needs. Furthermore, I believe that with your assistance, stability in my financial situation can be restored. Thank you for your attention to this matter. I look forward to your prompt response and anticipate a favorable resolution that aligns with my current situation. Please feel free to contact me at [your contact information] to discuss further details or to arrange a meeting at your convenience. Yours sincerely, [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number]