Riverside California Sample Letter for Request for Extension of Time on Promissory Note

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

Description

Sample Letter for Request for Extension of Time on Promissory Note Dear [Lender's Name], I am writing to formally request an extension of time on the promissory note signed on [date]. I am aware that the note is due to be repaid on [due date], however, unforeseen circumstances have made it challenging for me to fulfill this obligation within the specified timeline. [Provide a detailed explanation of the reason for the extension request. For instance, mention circumstances such as unexpected medical expenses, financial difficulties due to loss of employment, natural disasters impacting personal property or business, etc. It is crucial to be honest and provide supporting documents if available.] Having evaluated my financial situation thoroughly, I am confident that I will be able to meet my payment obligations in the near future. However, I kindly request an extension of [specify the period] on the promissory note to ensure I can fulfill my commitment without defaulting. Riverside, California, holds significant importance to me as it is my place of residence and where I have built my life and business. The support of local lenders like yourself is vital in helping individuals and businesses navigate temporary financial challenges and maintain stability within our community. I have always valued and honored my financial commitments, and I assure you that I am passionately dedicated to upholding my obligations, including the full repayment of the promissory note. The requested extension will provide me with the necessary time to organize my finances and secure the funds required to make the payment promptly. I understand that an extension may subject me to additional interest charges or fees, as per the terms and conditions of the promissory note. I genuinely appreciate your understanding and willingness to consider my request, and I am open to discussing any necessary adjustments to the original terms in order to reach a mutually acceptable agreement. Please find attached any supporting documents, as applicable, to demonstrate the sincerity of my request. I am more than willing to provide any further information or documentation required to support my case. Thank you for your time, attention, and consideration. I hope to hear from you soon. You're understanding and assistance during this difficult period are greatly appreciated. Sincerely, [Your Name] [Your Contact Information: Phone Number, Email Address] [Date]

Dear [Lender's Name], I am writing to formally request an extension of time on the promissory note signed on [date]. I am aware that the note is due to be repaid on [due date], however, unforeseen circumstances have made it challenging for me to fulfill this obligation within the specified timeline. [Provide a detailed explanation of the reason for the extension request. For instance, mention circumstances such as unexpected medical expenses, financial difficulties due to loss of employment, natural disasters impacting personal property or business, etc. It is crucial to be honest and provide supporting documents if available.] Having evaluated my financial situation thoroughly, I am confident that I will be able to meet my payment obligations in the near future. However, I kindly request an extension of [specify the period] on the promissory note to ensure I can fulfill my commitment without defaulting. Riverside, California, holds significant importance to me as it is my place of residence and where I have built my life and business. The support of local lenders like yourself is vital in helping individuals and businesses navigate temporary financial challenges and maintain stability within our community. I have always valued and honored my financial commitments, and I assure you that I am passionately dedicated to upholding my obligations, including the full repayment of the promissory note. The requested extension will provide me with the necessary time to organize my finances and secure the funds required to make the payment promptly. I understand that an extension may subject me to additional interest charges or fees, as per the terms and conditions of the promissory note. I genuinely appreciate your understanding and willingness to consider my request, and I am open to discussing any necessary adjustments to the original terms in order to reach a mutually acceptable agreement. Please find attached any supporting documents, as applicable, to demonstrate the sincerity of my request. I am more than willing to provide any further information or documentation required to support my case. Thank you for your time, attention, and consideration. I hope to hear from you soon. You're understanding and assistance during this difficult period are greatly appreciated. Sincerely, [Your Name] [Your Contact Information: Phone Number, Email Address] [Date]