Subject: Urgent Request for Extension of Time — Vermont Bank Dear [Bank Name], I hope this letter finds you well. I am writing to formally request an extension of time on my outstanding loan repayment, sanctioned under loan account number [Loan Account Number]. Due to unforeseen circumstances, I am experiencing financial hardships that have made it impossible for me to meet the original deadline of [Original Loan Repayment Deadline]. I am diligently seeking your understanding and assistance in granting an extension to help overcome this temporary setback. I firmly believe in maintaining a good credit history and meeting all my financial obligations promptly. However, recently, I have encountered unexpected medical expenses for a family member, resulting in a severe strain on my finances. This, coupled with the unexpected loss of my job, has significantly affected my ability to meet my financial commitments as per existing terms. I want to assure you that this situation is temporary, and I am actively looking for new employment opportunities to stabilize my financial condition. Nevertheless, I require some additional time to regain my financial stability and fulfill my loan obligations. Hence, I kindly request an extension of [Number of Months] months for the repayment deadline. To demonstrate my commitment to honoring this loan, I have drafted a revised repayment plan that caters to my current financial situation. I am eager to discuss this plan with a loan officer to explore mutually agreeable repayment terms that would allow me to repay the loan in full, while also meeting my current basic needs. I am aware that any extension will be subject to the bank's approval. Therefore, please find enclosed all relevant documents, including my updated financial statement, employment search progress, and any supporting statements or documents that you might require to assess my request. If there are any additional documents or information needed, please do not hesitate to inform me, and I will provide them promptly. I genuinely appreciate your understanding during this challenging time and the sincere consideration towards my request. I assure you that granting this extension will greatly alleviate my financial stress and enable me to reestablish my creditworthiness responsibly. Furthermore, I kindly request a prompt and favorable response to my extension request so that I can plan my finances accordingly. Furthermore, I am confident that with your understanding, I will be able to overcome this temporary hurdle and fulfill my loan obligations successfully. Thank you for your utmost attention and support. I look forward to your positive response. Sincerely, [Your Name] [Your Address] [City, State, ZIP] [Contact Number] [Email Address] Additional Vermont Sample Letter for Request to Bank for Extension of Time: 1. Vermont Loan Modification Request Letter 2. Vermont Mortgage Payment Extension Request Letter 3. Vermont Credit Card Payment Extension Request Letter 4. Vermont Business Loan Repayment Extension Request Letter.
Vermont Sample Letter for Request to Bank for Extension of Time
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