[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Guarantor's Name] [Guarantor's Address] [City, State, ZIP] Subject: Demand on Guarantor for Outstanding Obligation Dear [Guarantor's Name], I hope this letter finds you well. I am writing to discuss an urgent matter regarding your guarantor obligation related to [debtor's name]'s outstanding debt. As per the terms and conditions outlined in the guarantor agreement signed on [date], you agreed to assume financial responsibility in the event that [debtor] fails to meet their obligations. Unfortunately, despite numerous attempts to resolve this matter amicably, [debtor's name] has failed to fulfill their financial commitments as per the loan agreement signed on [loan agreement date]. Specifically, the outstanding balance of $[amount] remains unpaid since [date of last payment]. As the guarantor, you are legally bound by the terms of the guarantee agreement, which clearly states that you guarantee the repayment of the loan in the event of default by the borrower. Therefore, we demand immediate payment of the outstanding debt owed by [debtor's name] in accordance with the guarantee agreement. To this end, I kindly request that you remit the full payment of $[amount] within [number of days] days from the date of this letter. Failure to comply with this demand will leave us with no option but to pursue legal action to recover the debt owed to us, and you may be responsible for all associated legal costs. We strongly urge you to consider the financial implications of non-compliance and to rectify this matter promptly. Should you require any additional information or wish to discuss this matter further, please do not hesitate to contact me at [phone number] or via email at [email address]. Thank you for your immediate attention to this matter. We trust that you will fulfill your obligations promptly to maintain a mutually satisfactory resolution. 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.