Allegheny Pennsylvania Sample Letter for Agreement to Extend Debt Payment

• Category: Letters - Nonlegal - Agreements
• State: Multi-State
• County: Allegheny
• 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. Dear [Creditor's Name], I am writing to request an agreement to extend the payment of my debt owed to your organization. I want to assure you that I understand the importance of fulfilling my financial obligations, and I am committed to resolving this debt. However, due to unforeseen circumstances, I am currently unable to make the payment within the agreed-upon timeframe. I reside in Allegheny, Pennsylvania, and I value the strong reputation your organization has in our community. I believe that by reaching a mutually beneficial agreement, we can maintain a positive relationship and resolve this matter amicably. Unfortunately, I have faced unexpected financial challenges that have significantly impacted my ability to meet my financial responsibilities. [Describe the reason for your financial hardship briefly, such as loss of employment, family emergency, or medical issues.] Despite these difficulties, I am fully dedicated to overcoming this temporary setback and restoring my financial stability. Considering my situation, I kindly request an extension of [specify the timeframe or the new due date you would like to propose]. This additional time will allow me to reorganize my finances, explore alternative income sources, and ultimately fulfill my outstanding debt with your organization. I am confident that with this extension, I can overcome my current financial hurdles and honor my commitment fully. I would like to propose the following terms for our extended agreement: 1. The new payment plan will commence from [start date] and extend until [end date]. 2. I propose to make a monthly payment of [amount] until the debt is fully settled. 3. I will ensure that all future payments are made timely and will not request any further extensions or modifications without prior communication and agreement with you. 4. To provide reassurance, I would be willing to sign a revised debt payment agreement that includes the updated terms and conditions outlined in this letter. By granting the requested extension, you would be providing me with an opportunity to regain financial stability and fulfill my commitment to your organization. I am confident in my ability to adhere to the proposed terms and genuinely appreciate your understanding and flexibility regarding my current circumstances. I kindly request your prompt consideration of my proposal and invite you to contact me at [phone number] or [email address] to discuss this matter further. Thank you for your attention to this request, and I look forward to resolving this matter satisfactorily. Yours sincerely, [Your Name] [Your Address] [City, State, ZIP Code] [Phone Number] [Email Address]

Dear [Creditor's Name], I am writing to request an agreement to extend the payment of my debt owed to your organization. I want to assure you that I understand the importance of fulfilling my financial obligations, and I am committed to resolving this debt. However, due to unforeseen circumstances, I am currently unable to make the payment within the agreed-upon timeframe. I reside in Allegheny, Pennsylvania, and I value the strong reputation your organization has in our community. I believe that by reaching a mutually beneficial agreement, we can maintain a positive relationship and resolve this matter amicably. Unfortunately, I have faced unexpected financial challenges that have significantly impacted my ability to meet my financial responsibilities. [Describe the reason for your financial hardship briefly, such as loss of employment, family emergency, or medical issues.] Despite these difficulties, I am fully dedicated to overcoming this temporary setback and restoring my financial stability. Considering my situation, I kindly request an extension of [specify the timeframe or the new due date you would like to propose]. This additional time will allow me to reorganize my finances, explore alternative income sources, and ultimately fulfill my outstanding debt with your organization. I am confident that with this extension, I can overcome my current financial hurdles and honor my commitment fully. I would like to propose the following terms for our extended agreement: 1. The new payment plan will commence from [start date] and extend until [end date]. 2. I propose to make a monthly payment of [amount] until the debt is fully settled. 3. I will ensure that all future payments are made timely and will not request any further extensions or modifications without prior communication and agreement with you. 4. To provide reassurance, I would be willing to sign a revised debt payment agreement that includes the updated terms and conditions outlined in this letter. By granting the requested extension, you would be providing me with an opportunity to regain financial stability and fulfill my commitment to your organization. I am confident in my ability to adhere to the proposed terms and genuinely appreciate your understanding and flexibility regarding my current circumstances. I kindly request your prompt consideration of my proposal and invite you to contact me at [phone number] or [email address] to discuss this matter further. Thank you for your attention to this request, and I look forward to resolving this matter satisfactorily. Yours sincerely, [Your Name] [Your Address] [City, State, ZIP Code] [Phone Number] [Email Address]