Definition
Asking a company for more time to pay a bill. Many utility or service providers offer extensions if you explain your situation.
What to consider
- Ask for extra time if you’re in a pinch, but use it sparingly.
- Keep communication clear and polite with your provider.
- Plan for the new due date once you get an extension.
Real world scenarios
- Luke calls his utility company asking for a payment extension after unexpected car repairs drained his funds. They grant him an extra two weeks.
- During a tight month, Alyssa emails her landlord to request a temporary rent extension and avoids a late fee with clear communication.
- Eric arranges an extension on his credit card bill after losing his part-time job, preventing interest charges from skyrocketing.
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