Sample Letter for Request for Extension of Time on Promissory Note
[Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Date] [Recipient’s Name] [Recipient’s Title] [Bank/Financial Institution Name] [Bank/Financial Institution Address] [City, State, Zip Code] Subject: Request for Extension of Time on Promissory Note Dear [Recipient’s Name], I hope this letter finds you well. I am writing to request an extension of time on my promissory note, which is scheduled to be paid in full on [Original Due Date]. This request is being made due to unforeseen financial circumstances that have temporarily strained my ability to meet the predetermined payment deadline. I am a resident of Bronx, New York, and I have been facing several unexpected financial challenges, such as [highlight the specific challenges you are facing — job loss, unexpected medical expenses, family emergencies, etc.]. These circumstances have significantly impacted my financial stability, making it impossible for me to honor my commitment as originally planned. However, I am committed to fulfilling my obligations and understand the importance of adhering to the agreed-upon terms. Therefore, I kindly request an extension of [mention the desired extension period] to allow me sufficient time to recover from these unexpected setbacks and arrange the necessary funds. I assure you that this extension is necessary but temporary, and I am actively exploring all available options to improve my financial situation. I am actively seeking potential solutions to mitigate these challenges and plan to resume making payments in a timely manner as soon as possible. In light of the circumstances explained above, I kindly request your understanding and compassion in granting me an extension of time on my promissory note. I genuinely appreciate your assistance and cooperation during this challenging period. Please find attached the supporting documents [if applicable — provide any supporting documents that can justify your request] along with this request letter for your perusal. I would be grateful if you could review my situation and respond to this request in writing within [mention the timeframe you expect a response]. If there are any additional details or information required to consider this request, please do not hesitate to contact me at [your contact number] or [your email address]. Thank you for your time, understanding, and prompt attention to this matter. I am confident that with your support, we can find a suitable solution that allows me to fulfill my financial obligations responsibly. Yours sincerely, [Your Name]
[Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Date] [Recipient’s Name] [Recipient’s Title] [Bank/Financial Institution Name] [Bank/Financial Institution Address] [City, State, Zip Code] Subject: Request for Extension of Time on Promissory Note Dear [Recipient’s Name], I hope this letter finds you well. I am writing to request an extension of time on my promissory note, which is scheduled to be paid in full on [Original Due Date]. This request is being made due to unforeseen financial circumstances that have temporarily strained my ability to meet the predetermined payment deadline. I am a resident of Bronx, New York, and I have been facing several unexpected financial challenges, such as [highlight the specific challenges you are facing — job loss, unexpected medical expenses, family emergencies, etc.]. These circumstances have significantly impacted my financial stability, making it impossible for me to honor my commitment as originally planned. However, I am committed to fulfilling my obligations and understand the importance of adhering to the agreed-upon terms. Therefore, I kindly request an extension of [mention the desired extension period] to allow me sufficient time to recover from these unexpected setbacks and arrange the necessary funds. I assure you that this extension is necessary but temporary, and I am actively exploring all available options to improve my financial situation. I am actively seeking potential solutions to mitigate these challenges and plan to resume making payments in a timely manner as soon as possible. In light of the circumstances explained above, I kindly request your understanding and compassion in granting me an extension of time on my promissory note. I genuinely appreciate your assistance and cooperation during this challenging period. Please find attached the supporting documents [if applicable — provide any supporting documents that can justify your request] along with this request letter for your perusal. I would be grateful if you could review my situation and respond to this request in writing within [mention the timeframe you expect a response]. If there are any additional details or information required to consider this request, please do not hesitate to contact me at [your contact number] or [your email address]. Thank you for your time, understanding, and prompt attention to this matter. I am confident that with your support, we can find a suitable solution that allows me to fulfill my financial obligations responsibly. Yours sincerely, [Your Name]