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Sample Denial of Request for Extension of Time

Sample 1:

 

[Name of Contact]
[Address]
[Zip]

Dear [Name of Contact],

We have received your request on [date] for the extension of your [type of loan]. We reviewed your circumstances carefully and we have come to a conclusion to deny your request and we are unable to provide you with further extensions for the payment of the loan.

We are really sorry for the denial of your request because we are currently experiencing some difficulties with the payments as well and we are forced to collect them as soon as possible.

We are hoping that you can find another solution to solve your financial problems and deal with the loan immediately. Thank you for your consideration.

Sincerely,

[Name of Sender]
[Title]
[Company Email]

 

 

Sample 2:

 

[Date]

Dear [Name of Sender],

We received your request letter to extend the time of payment for your loan, which is supposed to be paid on [Date of Payment].

We looked at the records carefully and we found out that you are already overdue for the payments and it has been 3 months since your last payment. With our terms and conditions, you can only skip payments up to 3 months and you will have to pay for everything within 10 days after the due date.

We are very sorry if your request will be denied because we have to follow the terms and conditions and ask for the payments on time.

Thank you for your kind consideration.

Sincerely Yours,

[Name of Sender]
[Title]
[Email]
[Phone Number]

 

 

Sample 3:

 

[Date]

Dear [Name of Recipient],

We are writing to inform you that your request for extension of time for your [type of loan] was denied because of reasons mentioned below:

[Reasons for denial]

We are very liquid when it comes to these issues as we want our clients to know why the requests are denied. We are sorry for any troubles that this decision will cause you, but we also need to fulfill our roles and try to focus on the needs of the company.

Thank you for understanding.

Yours Truly,

[Name of Sender]

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