Subject: Reinstatement of Loan — Compromise of MatteRequestes— - Kansas Financial Institution Dear [Lender's Name], I hope this letter finds you in good health. I am writing to discuss the matter of my previously defaulted loan and present a proposal for its reinstatement. My aim is to reach a compromise that will mutually benefit us and ensure the loan is brought back to good standing. As you may recall, I obtained a loan from your esteemed institution on [loan date], and unfortunately, due to unforeseen circumstances, I was unable to fulfill the repayment terms as agreed upon. These circumstances included [briefly explain the reasons for default such as job loss, medical emergency, or other pertinent factors]. After a thorough evaluation of my financial situation, I am confident that I can present a reasonable solution that will rectify the issue and demonstrate my commitment to fulfilling my financial obligations. I propose the following options for your consideration: 1. Loan Modification: Based on my current financial situation, I kindly request a modification of the loan terms, such as reducing the interest rate, extending the loan term, or adjusting the monthly installments. This modification would provide me with a more manageable repayment plan while ensuring your institution receives full repayment in due course. 2. Settlement Offer: Alternatively, I would like to propose a settlement offer that allows me to repay a percentage of the outstanding balance in a lump sum or over an extended period, thereby satisfying the loan in full. This compromise would alleviate the financial burden on both parties and enable a faster resolution of the defaulted loan. I fully understand the importance of fulfilling my obligations and the consequences of non-payment. Therefore, I assure you that if either of the above proposals is accepted, I will commit to the revised terms and make timely payments without any further delay. I am ready to provide any additional documentation or information required to support my request. I believe that by reaching an amicable settlement, we can restore our professional relationship and ensure a positive outcome for both parties involved. It would be greatly appreciated if you could review my proposal and communicate your decision at your earliest convenience. I sincerely hope for a favorable response and the opportunity to rectify this matter promptly. Thank you for your understanding and patience throughout this process. Please feel free to contact me at [your contact number] or [your email address] to further discuss any details or answer any questions you may have. I eagerly anticipate resolving this matter with your esteemed institution. Yours sincerely, [Your Name] [Your Address] [City, State, ZIP] [Date]
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.