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Request For Extension

This letter is a request from John to extend the payment deadline for a loan that is due. The remaining balance on the loan is listed. Due to business difficulties, the letter writer will be unable to pay the full amount by the due date and asks if they can pay the balance off in 6 monthly installments instead. They thank John for his assistance.

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Jhei Victoriano
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4K views1 page

Request For Extension

This letter is a request from John to extend the payment deadline for a loan that is due. The remaining balance on the loan is listed. Due to business difficulties, the letter writer will be unable to pay the full amount by the due date and asks if they can pay the balance off in 6 monthly installments instead. They thank John for his assistance.

Uploaded by

Jhei Victoriano
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

___________________

MR. ___________________
___________________
___________________

RE : Request for Payment Extension


Dear John:

As of ___________________, records show we still have to settle the


amount of ___________________ as remaining balance for the above-
mentioned loan due on ___________________.

However, because of the business reverses that we experienced, I


foresee the inability to pay the balance on the due date. It is on this note that I
request your assistance to possibly arrange for extension of payment on the
remaining balance for the said loan.

It will be greatly appreciated if I can be allowed to pay the balance in six


(6) equal monthly installments of ___________ beginning ___________, and
every month thereafter until the account shall have been fully paid.

Thank you very much for your usual assistance and favorable response.

Very truly yours,

___________________________-

___________________ MR. ___________________ ___________________ ___________________ RE

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