West Virginia 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: West Virginia Sample Letter for Agreement to Extend Debt Payment Dear [Creditor's Name], I am writing to you regarding the current debt that I owe to [Name of Creditor]. Due to unforeseen circumstances, I am unable to meet the original payment terms as initially agreed upon. However, I am committed to resolving this situation and am I requesting your cooperation in extending the debt payment arrangement. I understand the importance of fulfilling my financial obligations, and therefore, I am proposing a new agreement to extend the debt payment. By granting this extension, it will allow me the opportunity to reorganize my finances and meet my responsibilities without causing any inconvenience or hardship to either party. To outline the proposed extended payment arrangement, I suggest the following terms: 1. Total Outstanding Debt Amount: [Specify the total amount currently owed] 2. New Extended Payment Duration: [Specify the proposed extended timeframe] 3. Monthly Payment Amount: [Specify the revised monthly payment amount] 4. Payment Method: [Indicate the preferable payment method, such as check, electronic transfer, etc.] As per West Virginia laws and regulations, I would like to ensure that this extended agreement is legally binding and enforceable. Thus, I kindly request you to review the suggested terms and reply to this letter within [mention a reasonable timeframe, e.g., 10 business days] to confirm your acceptance. Upon receiving your consent, I am willing to sign a formal agreement that will serve as a legally binding contract outlining our mutual commitment to the extended payment arrangement. Please note that I intend to remain proactive in resolving this financial matter and will do everything within my means to honor the revised payment schedule. However, in the event of any unforeseeable circumstances affecting my ability to meet the agreed-upon terms, I pledge to inform you promptly and collaborate with you to find an alternative solution. I believe that by extending the debt payment in a mutually agreeable manner, we can ensure the satisfaction of both parties involved. I sincerely hope that you will consider my request positively and grant me the opportunity to fulfill my obligations responsibly. Should you require any further information or documentation to facilitate this process, please do not hesitate to contact me at the phone number or email address provided. Thank you for your understanding and cooperation in this matter. I look forward to your prompt response. Yours sincerely, [Your Name] [Your Address] [City, State, Zip Code] [Phone Number] [Email Address] [Date]

Subject: West Virginia Sample Letter for Agreement to Extend Debt Payment Dear [Creditor's Name], I am writing to you regarding the current debt that I owe to [Name of Creditor]. Due to unforeseen circumstances, I am unable to meet the original payment terms as initially agreed upon. However, I am committed to resolving this situation and am I requesting your cooperation in extending the debt payment arrangement. I understand the importance of fulfilling my financial obligations, and therefore, I am proposing a new agreement to extend the debt payment. By granting this extension, it will allow me the opportunity to reorganize my finances and meet my responsibilities without causing any inconvenience or hardship to either party. To outline the proposed extended payment arrangement, I suggest the following terms: 1. Total Outstanding Debt Amount: [Specify the total amount currently owed] 2. New Extended Payment Duration: [Specify the proposed extended timeframe] 3. Monthly Payment Amount: [Specify the revised monthly payment amount] 4. Payment Method: [Indicate the preferable payment method, such as check, electronic transfer, etc.] As per West Virginia laws and regulations, I would like to ensure that this extended agreement is legally binding and enforceable. Thus, I kindly request you to review the suggested terms and reply to this letter within [mention a reasonable timeframe, e.g., 10 business days] to confirm your acceptance. Upon receiving your consent, I am willing to sign a formal agreement that will serve as a legally binding contract outlining our mutual commitment to the extended payment arrangement. Please note that I intend to remain proactive in resolving this financial matter and will do everything within my means to honor the revised payment schedule. However, in the event of any unforeseeable circumstances affecting my ability to meet the agreed-upon terms, I pledge to inform you promptly and collaborate with you to find an alternative solution. I believe that by extending the debt payment in a mutually agreeable manner, we can ensure the satisfaction of both parties involved. I sincerely hope that you will consider my request positively and grant me the opportunity to fulfill my obligations responsibly. Should you require any further information or documentation to facilitate this process, please do not hesitate to contact me at the phone number or email address provided. Thank you for your understanding and cooperation in this matter. I look forward to your prompt response. Yours sincerely, [Your Name] [Your Address] [City, State, Zip Code] [Phone Number] [Email Address] [Date]