South 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 — South Carolina Edition Dear [Lender's Name], I hope this letter finds you in good health. I am writing to inform you that I am unable to meet the payment deadline outlined in the promissory note dated [insert date] regarding our financial agreement. Due to unforeseen circumstances [briefly explain the situation], I am currently facing financial difficulties which have made it challenging for me to fulfill my loan obligations within the original agreed-upon timeframe. I am diligently working to resolve this matter; however, I kindly request your understanding and assistance by granting me an extension of time on the promissory note. As a resident of South Carolina, I am aware of my legal rights as a borrower and understand the importance of addressing this matter promptly. Therefore, I wish to initiate an amicable resolution by proposing the following terms for an extension: 1. Extended Payment Date: I kindly request an extension of [number of days/weeks/months] for the payment deadline, allowing me sufficient time to gather the necessary funds to fulfill my obligation. 2. Payment Schedule: If granted an extension, I am willing to make [describe proposed payment schedule — monthly or bi-weeklinstallmentsts, etc.] to ensure the timely repayment of the owed amount. I assure you that I will make every effort to adhere to this schedule. 3. Additional Interest or Fees: If any additional interest or fees are incurred due to the extension, I am willing to discuss and reach a mutually beneficial agreement that will reflect the extension's impact on the final repayment amount. I understand that your decision to grant an extension rests solely with you, but I believe that extending the deadline will result in a satisfactory resolution for both parties. I value our relationship and believe that open communication and flexibility can bring about a fair solution. Please inform me of your decision as soon as possible. For your convenience, I have provided my contact information below: [Your Name] [Address] [City, State, ZIP] [Phone number] [Email address] Thank you for your attention to this matter. I genuinely appreciate your understanding and flexibility during this challenging time. I am confident that we can arrive at a reasonable solution that aligns with the promissory note and applicable South Carolina regulations. Sincerely, [Your Name]

Subject: Request for Extension of Time on Promissory Note — South Carolina Edition Dear [Lender's Name], I hope this letter finds you in good health. I am writing to inform you that I am unable to meet the payment deadline outlined in the promissory note dated [insert date] regarding our financial agreement. Due to unforeseen circumstances [briefly explain the situation], I am currently facing financial difficulties which have made it challenging for me to fulfill my loan obligations within the original agreed-upon timeframe. I am diligently working to resolve this matter; however, I kindly request your understanding and assistance by granting me an extension of time on the promissory note. As a resident of South Carolina, I am aware of my legal rights as a borrower and understand the importance of addressing this matter promptly. Therefore, I wish to initiate an amicable resolution by proposing the following terms for an extension: 1. Extended Payment Date: I kindly request an extension of [number of days/weeks/months] for the payment deadline, allowing me sufficient time to gather the necessary funds to fulfill my obligation. 2. Payment Schedule: If granted an extension, I am willing to make [describe proposed payment schedule — monthly or bi-weeklinstallmentsts, etc.] to ensure the timely repayment of the owed amount. I assure you that I will make every effort to adhere to this schedule. 3. Additional Interest or Fees: If any additional interest or fees are incurred due to the extension, I am willing to discuss and reach a mutually beneficial agreement that will reflect the extension's impact on the final repayment amount. I understand that your decision to grant an extension rests solely with you, but I believe that extending the deadline will result in a satisfactory resolution for both parties. I value our relationship and believe that open communication and flexibility can bring about a fair solution. Please inform me of your decision as soon as possible. For your convenience, I have provided my contact information below: [Your Name] [Address] [City, State, ZIP] [Phone number] [Email address] Thank you for your attention to this matter. I genuinely appreciate your understanding and flexibility during this challenging time. I am confident that we can arrive at a reasonable solution that aligns with the promissory note and applicable South Carolina regulations. Sincerely, [Your Name]