Phoenix Arizona Sample Letter for Request for Extension of Time on Promissory Note

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

Description

Sample Letter for Request for Extension of Time on Promissory Note Subject: Request for Extension of Time on Promissory Note — Urgent Matter [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to you regarding an important matter pertaining to the promissory note between [Lender's Name] and [Borrower's Name], which needs immediate attention. Firstly, I would like to express my gratitude for the financial assistance provided by your esteemed institution. Unfortunately, I find myself in an unforeseen financial crisis that is affecting my ability to make timely payments. I humbly request an extension of time on my promissory note in order to overcome these unexpected challenges. Due to [briefly explain the circumstances causing financial strain, such as job loss, medical issues, or exceptional situations], I have encountered significant financial difficulties. As a result, I am unable to fulfill my payment obligations in a timely manner under the current terms of the promissory note. I would like to assure you that this situation is temporary, and I am committed to honoring my financial responsibilities as soon as circumstances improve. Considering the above, I kindly request an extension of [mention the desired time period] to allow me the necessary time to recover and resume regular payments. During this extension period, I would greatly appreciate if any late fees or penalties could be waived, as it would provide me with some much-needed relief during this challenging period. Additionally, I would be more than willing to offer whatever documentation or proof you require to support my current financial situation, such as bank statements, medical records, or unemployment certification. Please inform me of any additional documentation you may need, and I will promptly provide it to ensure transparency and clarity regarding my circumstances. I fully understand the significance of making timely payments and the importance of honoring my financial obligations. Therefore, I am committed to maintaining open and consistent communication with your institution throughout this extension period. I kindly request that you review my request with compassion and understanding, and grant me the opportunity to rectify my financial situation without any adverse implications. In closing, I want to express my sincerest gratitude for your attention to this matter. You're understanding and support during this difficult time would provide me with great relief and enable me to secure my financial stability. I look forward to your favorable response regarding my request for an extension of time. Thank you for your time and consideration. Yours sincerely, [Your Name]

Subject: Request for Extension of Time on Promissory Note — Urgent Matter [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to you regarding an important matter pertaining to the promissory note between [Lender's Name] and [Borrower's Name], which needs immediate attention. Firstly, I would like to express my gratitude for the financial assistance provided by your esteemed institution. Unfortunately, I find myself in an unforeseen financial crisis that is affecting my ability to make timely payments. I humbly request an extension of time on my promissory note in order to overcome these unexpected challenges. Due to [briefly explain the circumstances causing financial strain, such as job loss, medical issues, or exceptional situations], I have encountered significant financial difficulties. As a result, I am unable to fulfill my payment obligations in a timely manner under the current terms of the promissory note. I would like to assure you that this situation is temporary, and I am committed to honoring my financial responsibilities as soon as circumstances improve. Considering the above, I kindly request an extension of [mention the desired time period] to allow me the necessary time to recover and resume regular payments. During this extension period, I would greatly appreciate if any late fees or penalties could be waived, as it would provide me with some much-needed relief during this challenging period. Additionally, I would be more than willing to offer whatever documentation or proof you require to support my current financial situation, such as bank statements, medical records, or unemployment certification. Please inform me of any additional documentation you may need, and I will promptly provide it to ensure transparency and clarity regarding my circumstances. I fully understand the significance of making timely payments and the importance of honoring my financial obligations. Therefore, I am committed to maintaining open and consistent communication with your institution throughout this extension period. I kindly request that you review my request with compassion and understanding, and grant me the opportunity to rectify my financial situation without any adverse implications. In closing, I want to express my sincerest gratitude for your attention to this matter. You're understanding and support during this difficult time would provide me with great relief and enable me to secure my financial stability. I look forward to your favorable response regarding my request for an extension of time. Thank you for your time and consideration. Yours sincerely, [Your Name]