Loan Extension Letter
Loan Extension Letter
December 12, 2067
[RECIPIENT'S NAME]
[RECEPIENT'S ADDRESS]
Dear [RECIPIENT'S NAME],
I hope this letter finds you well. I am writing to request an extension on my loan repayments. The loan in question is under the account number [YOUR ACCOUNT NUMBER]. Due to some unforeseen circumstances, I am currently unable to make the regular scheduled repayments.
Every effort has been and is being made to stabilize my financial situation, however, it has become apparent that without some form of assistance, I cannot meet my obligations as initially agreed upon. I am therefore humbly requesting a temporary extension of the payment period to avoid defaulting on this loan.
I am confident that the reality of my commitment to [LOAN PROVIDER'S NAME] and my willingness to pay off this loan shall not be compromised in any way. However, I am open to the idea of revising the current repayment plan or any other viable alternative that can be discussed.
Thank you for considering my request. I look forward to your favorable response and cooperation in this matter.
Sincerely,
[YOUR NAME]
