San Jose California Sample Letter for Request for Extension of Time on Promissory Note

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

Description

Sample Letter for Request for Extension of Time on Promissory Note Sample Letter for Request for Extension of Time on Promissory Note — San Jose, California Dear [Lender'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 signed on [date] for the loan amount of [amount]. I have recently encountered unforeseen circumstances that have impacted my ability to repay the loan according to the agreed-upon schedule. First and foremost, I want to assure you that I am fully committed to fulfilling my financial obligations. However, due to [explain the reasons for the extension request], I am currently facing temporary financial hardship, making it extremely challenging to meet the previously established repayment schedule. [Elaborate on the specific reasons for the extension request, providing honest and detailed information about the circumstances that have led to the current financial hardship.] For instance, if you have recently undergone a medical emergency, job loss, or other unavoidable circumstances that negatively impacted your financial situation, be sure to mention them here. I want to emphasize that I am actively working towards resolving the financial challenges I am facing and have developed a plan to overcome these difficulties. [Briefly outline your plan to get back on track financially and explain how this extension will facilitate that.] It is crucial for me to have this extension in order to make the necessary arrangements and stabilize my financial situation. I understand the importance of honoring my commitment and the impact that my request may have on your own financial planning. Therefore, I propose an extended repayment period of [state the length of the requested extension] to repay the outstanding balance in full. I humbly request your understanding and cooperation in this matter. I assure you that this extension will not only benefit me but will also enable me to maintain a good credit profile, which will allow me to make timely payments on other obligations in the future. Moreover, I am open to discussing any alternative arrangements that would be in the best interest of both parties involved. I kindly request your prompt consideration of my extension request and request that you provide me with a written response at your earliest convenience. I would appreciate it if you could confirm the terms of the extension so that I can proceed accordingly and alleviate the stress caused by the current circumstances. Furthermore, I am sincerely grateful for your past support and understanding. Furthermore, I am confident that, with your assistance, I can overcome this temporary setback and get back on track with my financial obligations. Thank you for your attention to this matter. Sincerely, [Your Name] [Your Contact Information]

Sample Letter for Request for Extension of Time on Promissory Note — San Jose, California Dear [Lender'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 signed on [date] for the loan amount of [amount]. I have recently encountered unforeseen circumstances that have impacted my ability to repay the loan according to the agreed-upon schedule. First and foremost, I want to assure you that I am fully committed to fulfilling my financial obligations. However, due to [explain the reasons for the extension request], I am currently facing temporary financial hardship, making it extremely challenging to meet the previously established repayment schedule. [Elaborate on the specific reasons for the extension request, providing honest and detailed information about the circumstances that have led to the current financial hardship.] For instance, if you have recently undergone a medical emergency, job loss, or other unavoidable circumstances that negatively impacted your financial situation, be sure to mention them here. I want to emphasize that I am actively working towards resolving the financial challenges I am facing and have developed a plan to overcome these difficulties. [Briefly outline your plan to get back on track financially and explain how this extension will facilitate that.] It is crucial for me to have this extension in order to make the necessary arrangements and stabilize my financial situation. I understand the importance of honoring my commitment and the impact that my request may have on your own financial planning. Therefore, I propose an extended repayment period of [state the length of the requested extension] to repay the outstanding balance in full. I humbly request your understanding and cooperation in this matter. I assure you that this extension will not only benefit me but will also enable me to maintain a good credit profile, which will allow me to make timely payments on other obligations in the future. Moreover, I am open to discussing any alternative arrangements that would be in the best interest of both parties involved. I kindly request your prompt consideration of my extension request and request that you provide me with a written response at your earliest convenience. I would appreciate it if you could confirm the terms of the extension so that I can proceed accordingly and alleviate the stress caused by the current circumstances. Furthermore, I am sincerely grateful for your past support and understanding. Furthermore, I am confident that, with your assistance, I can overcome this temporary setback and get back on track with my financial obligations. Thank you for your attention to this matter. Sincerely, [Your Name] [Your Contact Information]