Loan Hold Request Letter
February 1, 2068
[LOAN PROVIDER'S NAME]
[LOAN PROVIDER’S ADDRESS]
Dear [LOAN PROVIDER’S NAME]
I hope this letter finds you in good health and spirits. I am writing to request a hold on my loan repayments due to unforeseen financial adversities. The recent [SPECIFIC CIRCUMSTANCE/ SITUATION] has severely impacted my financial stability making it difficult to meet my regular loan commitments.
I understand the importance of meeting my financial obligations, especially concerning the loan I have with your esteemed organization. I am not shying away from my commitments, rather circumstances have forced me to make this request. I assure you that this is a temporary situation, and I have every intention to regularize my loan repayments as soon as possible.
Therefore, kindly consider my situation for a temporary hold on my loan repayments for a given period of [SPECIFY DURATION]. I am positive that this will provide me with the necessary breathing space to stabilize my financial situation and resume my commitment thereafter.
Rest assured that I am taking all the necessary steps to alleviate my financial condition. I am hoping for your positive response regarding this matter. I am willing to discuss and explore any alternative plans that you could propose. Your understanding and assistance in this matter is highly appreciated. Please feel free to contact me anytime to discuss this further.
Thank you for your attention to this matter, and I look forward to your favorable response.
Best Regards,
[YOUR NAME]
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