[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: Request for Reinstatement of Loan Dear [Loan Service's Name], I am writing this letter to formally request the reinstatement of my loan with [Loan Service's Name]. My loan account number is [Loan Account Number]. I am experiencing financial difficulties that have greatly impacted my ability to make timely payments on my loan. However, I am fully committed to resolving this situation and getting back on track with my financial obligations. I have carefully reviewed my financial situation and have developed a realistic plan to reinstate my loan. I would like to propose the following terms for the repayment: 1. Total Outstanding Amount: $[Total Outstanding Amount] 2. Lump Sum Payment: $[Lump Sum Payment Amount] 3. Monthly Repayment Installments of: $[Monthly Repayment Amount] — Starting from [Start Date], and continuing until the outstanding balance is fully paid off. I understand the responsibility that comes with reinstating my loan, and I assure you that I will make every effort to fulfill these repayment terms. I believe that reinstating my loan will not only help me overcome my current financial challenges but will also strengthen my creditworthiness moving forward. To demonstrate my commitment, I have included the following documents with this letter: 1. Proof of Income: — Pay stubs for the past three months— - Employment verification letter from my employer. — Bank statements for the past three months. 2. Financial Hardship Explanation: — Detailed letter explaining the circumstances leading to my financial hardship. — Supporting documents such as medical bills, termination letters, or divorce decree (if applicable). 3. Proposed Repayment Plan: — A detailed document outlining my proposed repayment plan, including the lump sum payment and monthly repayment installments. I kindly request that you review my request for reinstatement of the loan and provide your guidance on the next steps to proceed. I am open to discussing any additional requirements or modifications necessary to arrive at a solution that is mutually beneficial. Furthermore, I appreciate your attention to this matter, and you're understanding of my current circumstances. Please feel free to contact me at [Phone Number] or via email at [Email Address] to discuss this request further. I am hopeful that we can work together to find a suitable resolution and reinstate my loan with [Loan Service's Name]. Thank you for your time and consideration. 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.