Hennepin Minnesota Sample Letter for Request for Extension of Time on Promissory Note

• Category: Letters - Nonlegal - Requests
• State: Multi-State
• County: Hennepin
• Control #: US-0395LR
• Format: Word; Rich Text

Description

Sample Letter for Request for Extension of Time on Promissory Note [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Request for Extension of Time on Promissory Note Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to formally request an extension of time on the promissory note I signed with [Lender's Name] on [Date]. This request is due to unforeseen circumstances that have impacted my ability to fulfill the obligations as per the original terms. Firstly, I want to express my sincere gratitude for the financial assistance provided by [Lender's Name]. The funds obtained through the promissory note have been essential in addressing my financial needs. However, I regret to inform you that I am currently facing unexpected financial difficulties, making it increasingly challenging to meet the agreed-upon repayment schedule. As a responsible borrower, I take my obligations seriously and wish to honor the agreement we made. Nevertheless, I kindly request an extension of [number of months] months to make the required payments. This additional time will allow me to stabilize my financial situation and ensure prompt repayment. I assure you that I am actively working towards resolving my financial hardships. I have taken several measures such as [mention any steps you have taken to improve your financial situation, like exploring additional income sources or pursuing debt counseling]. These steps are essential in guaranteeing my ability to fulfill my financial commitments in the future. Please find attached supporting documentation, such as bank statements and proof of income, to provide a comprehensive overview of my current financial situation. I believe this will help you better understand my circumstances and evaluate my genuine commitment to fulfilling the promissory note. I sincerely apologize for any inconvenience caused by this request and assure you that this extension will not result in any loss or financial burden to [Lender's Name]. Furthermore, I am confident that the extension requested will prevent any default or potential legal actions that may arise due to the inability to meet the previous agreed-upon deadlines. Furthermore, I kindly request your prompt consideration of my request so that we can establish a revised payment plan as soon as possible. Please feel free to contact me at [Your Phone Number] or [Your Email Address] to discuss any further details or to arrange a meeting at your convenience. Thank you for your understanding and cooperation during this challenging time. I appreciate your attention to this matter and look forward to a favorable response. Sincerely, [Your Name] [Your Signature] Enclosure: [List of enclosed documents]

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Request for Extension of Time on Promissory Note Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to formally request an extension of time on the promissory note I signed with [Lender's Name] on [Date]. This request is due to unforeseen circumstances that have impacted my ability to fulfill the obligations as per the original terms. Firstly, I want to express my sincere gratitude for the financial assistance provided by [Lender's Name]. The funds obtained through the promissory note have been essential in addressing my financial needs. However, I regret to inform you that I am currently facing unexpected financial difficulties, making it increasingly challenging to meet the agreed-upon repayment schedule. As a responsible borrower, I take my obligations seriously and wish to honor the agreement we made. Nevertheless, I kindly request an extension of [number of months] months to make the required payments. This additional time will allow me to stabilize my financial situation and ensure prompt repayment. I assure you that I am actively working towards resolving my financial hardships. I have taken several measures such as [mention any steps you have taken to improve your financial situation, like exploring additional income sources or pursuing debt counseling]. These steps are essential in guaranteeing my ability to fulfill my financial commitments in the future. Please find attached supporting documentation, such as bank statements and proof of income, to provide a comprehensive overview of my current financial situation. I believe this will help you better understand my circumstances and evaluate my genuine commitment to fulfilling the promissory note. I sincerely apologize for any inconvenience caused by this request and assure you that this extension will not result in any loss or financial burden to [Lender's Name]. Furthermore, I am confident that the extension requested will prevent any default or potential legal actions that may arise due to the inability to meet the previous agreed-upon deadlines. Furthermore, I kindly request your prompt consideration of my request so that we can establish a revised payment plan as soon as possible. Please feel free to contact me at [Your Phone Number] or [Your Email Address] to discuss any further details or to arrange a meeting at your convenience. Thank you for your understanding and cooperation during this challenging time. I appreciate your attention to this matter and look forward to a favorable response. Sincerely, [Your Name] [Your Signature] Enclosure: [List of enclosed documents]