Subject: Urgent Request for Payment — Colorado Sample Letter for Demand on Guarantor Dear [Guarantor's Name], I hope this letter finds you well. We are reaching out to you in regard to your role as a guarantor for [Borrower's Name] in the following agreement: [Contract/Loan Agreement's Name or Number]. Regrettably, we have reached a point where it has become necessary to officially demand the payment outlined in the aforementioned agreement, as the borrower has failed to fulfill their financial obligations. As the guarantor, it is your responsibility to ensure the fulfillment of the borrower's obligations in the event of default. We kindly request immediate payment of the outstanding balance: [Specify Amount]. It is crucial to emphasize that the entire amount must be settled within [Specify Time Frame, i.e., 14 days from the date of this letter]. Failure to comply with this request may result in the initiation of legal actions against the guarantor, as outlined in the agreement. Please note that the debt consists of the following elements: [Specify Detailed breakdown of Principal Amount, Interest Accrued, Late Fees, or any Applicable Charges]. Enclosed with this letter, you will find a detailed statement outlining all financial transactions pertaining to the loan agreement. To facilitate a swift resolution, we recommend you immediately contact our office at [Your Contact Information]. Should you have any queries or require clarification regarding the outstanding balance or repayment options, our representatives will gladly assist you. Please be aware that we have made several unsuccessful attempts to engage with the borrower concerning this issue. However, their continued non-compliance has necessitated our communication with you, the guarantor, as the final resort to resolve this matter. It is our sincere hope that it will not be necessary to pursue legal action, which can be detrimental to both parties involved. We urge you to take immediate action to rectify this situation and prevent further escalation. Thank you for your prompt attention to this matter. Your decisive action will not only protect your own financial interests but also contribute to a mutual resolution of this unfortunate situation. Yours sincerely, [Your Name] [Your Title/Organization] [Your Contact Information] ---------------------------------------------- Types of Colorado Sample Letters for Demand on Guarantor: 1. Colorado Sample Letter for Demand on Guarantor for Loan Repayment 2. Colorado Sample Letter for Demand on Guarantor for Lease Obligations 3. Colorado Sample Letter for Demand on Guarantor for Mortgage Payments 4. Colorado Sample Letter for Demand on Guarantor for Outstanding Invoices 5. Colorado Sample Letter for Demand on Guarantor for Service Contracts 6. Colorado Sample Letter for Demand on Guarantor for Tuition Fees.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.