101 Business Letter

Letter Asking For More Time To Settle An Account

letter asking for more time to settle an account

Below is sample letter asking for more time to settle an account :

Your Name
Company Name
Street Address
City, ST ZIP Code
Date

Recipient Name
Title
Organization Name
Street Address
City, ST ZIP Code

Dear Recipient Name:

I just read your reminders and lawyer’s letter asking me to pay this overdue account of USD1000. I apologize for not replying earlier as I was overseas the whole of last month desperately trying to get my overseas’ clients to pay their debts.

My financial situation is very tight at the moment and I have many other debts to pay. That is why we cannot pay you just yet. I have to ask you for a favor. Could you let me have three more weeks to come up with the money to settle your account? I will be more than grateful if you could. Thank you.

Sincerely,

Your Name

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