[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Loan Service's Name] [Loan Service's Address] [City, State, ZIP Code] Subject: Reinstatement of Loan — Compromise of Matter Dear [LoaServiceer's Name], I hope this letter finds you well. I am writing to request the reinstatement of my loan on the grounds of a compromise of matter. I am a resident of Guam and hold a [type of loan] with your institution. Furthermore, I would like to highlight the specific details and circumstances that have led me to seek this reinstatement of the loan. [Begin describing the situation:] 1. Overview of the Loan and Compromise: I received the loan for [purpose], and I have been consistently making timely payments over the past [duration]. Unfortunately, due to unforeseen circumstances, I experienced [briefly explain the event that caused financial hardship], which has temporarily affected my ability to meet the payment obligations as agreed upon. However, I am determined to rectify this situation and ensure the loan remains in good standing. 2. Explanation of the Compromising Factors: The compromise of matter resulted from [explain the event's impact on your financial stability]. These circumstances include [provide a detailed breakdown of the factors], which have caused a significant strain on my finances and made it challenging for me to meet the loan payments as initially planned. 3. Steps Taken to Address the Compromise: Despite the financial setback, I have taken proactive measures to mitigate the impact. Specifically, I have [highlight the actions taken to alleviate the financial burden, such as job search, cost-cutting measures, etc.]. These steps exemplify my dedication to resolving the temporary constraints that caused the delay in repayments. 4. Revised Financial Situation: While I recognize the importance of honoring my financial obligations, I would like to outline the current state of my finances. [Provide an updated overview of your financial situation, including income, expenses, and any changes that have occurred post-compromise]. This provides evidence of my commitment to successfully reinstating the loan. 5. Proposed Reinstatement Plan: In order to address the delinquency and ensure the successful reinstatement of the loan, I propose the following reinstatement plan: a) Reinstatement Amount: [Specify the outstanding balance or arrears that need to be resolved]. b) Repayment Terms: [Propose a realistic monthly amount that you can afford to pay towards the arrears, demonstrating your plan for repayment]. c) Timeline for Reinstatement: [Propose a timeline within which you aim to complete the reinstatement plan, taking into consideration your financial capacity]. I kindly request your understanding of my situation and your favorable consideration in reinstating my loan. I am confident that, given the chance, I will resume regular repayments and restore my financial obligations with your institution promptly. Furthermore, I would appreciate the opportunity to discuss this matter further or provide any additional information you may require. Please feel free to contact me at [phone number] or via email at [email address]. I am committed to resolving this situation as amicably and efficiently as possible. Thank you for your attention to this matter. Sincerely, [Your Name]
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.