Request of Extension of Time to Repay Debt Template

Are you one of those people who find themselves in a situation where they may are not able to meet their financial obligations? Are you looking for a way to gain a little more time to gather the necessary funds to pay? If so, then you need our effective Request of Extension of Time to Repay Debt template. This file is ready-made and easy to use with the available file formats presented. Get to create a well-formatted and persuasive document to designed to make creditors accept your request. We guarantee downloading this will be worth your while. Grab this great deal while you still can!

REQUEST OF EXTENSION OF TIME TO REPAY DEBT

[DATE]

Dear [RECIPIENT NAME],

I would like to acknowledge that I have received your letter last [DATE 1] informing me of our company’s due payment of [NUMBER]. 

On this note, I would like to ask for a little extension on the payment or an arrangement that would allow us to pay the amount under a staggered scheme. 

The company has been experiencing a slight setback in collecting payments from customers, which in turn has affected our own finances. We are currently dealing with this concern, however, and expect a full recovery by the end of the year.

Since we have a good standing with your company by paying our dues regularly, we hope we can agree on a payment arrangement.

Thank you for your understanding and consideration on this request. 

Regards, 

[YOUR SIGNATURE]

[YOUR NAME]