[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Loan Officer's Name] [Loan Officer's Address] [City, State, ZIP] Subject: Request for Reinstatement of Loan — Compromise of Matter Dear [Loan Officer's Name], I hope this letter finds you in good health and high spirits. I am writing to respectfully request the reinstatement of my loan with [Bank Name] that was compromised due to unforeseen circumstances. To provide some background, I have been a loyal customer of [Bank Name] for [duration of loan term], and I have always made my payments on time. Unfortunately, recently, I fell into a challenging financial situation due to [briefly explain the reason for financial hardship]. This unforeseen circumstance has greatly affected my ability to make prompt payments towards my outstanding loan balance. I fully understand the importance of fulfilling my financial obligations, and I acknowledge that the non-payment of the loan has violated the terms of the loan agreement. However, I genuinely believe that my current situation is temporary and can be resolved by working together to find a suitable compromise. I am committed to resolving this matter at the earliest by proposing the following compromise: 1. Repayment Plan: I request that a mutually agreeable repayment plan be established, taking into consideration my current financial situation. This plan could include reduced monthly payments, a temporary suspension of interest accrual, or an extension of the loan term, among other feasible options. I am open to discussing any arrangement that will allow me to fulfill my financial obligations and reinstate the loan. 2. Good Faith Payment: As a gesture of my commitment towards resolving this matter, I am willing to make a good faith payment of [amount] towards my outstanding loan balance to demonstrate my sincerity in rectifying this situation. 3. Financial Improvement Plan: I have taken proactive steps to improve my financial situation and ensure that I am better prepared to meet my financial obligations in the future. I have [briefly describe actions taken, such as seeking additional employment, cutting expenses, or working with a financial advisor] and remain dedicated to responsible financial management. I would be immensely grateful if you could consider my request for reinstatement of the loan and work towards a fair compromise that will benefit both parties involved. Furthermore, I assure you that once the loan is reinstated, I will promptly resume regular payments as per the agreed-upon repayment plan. Furthermore, I kindly request that you provide me with written confirmation of the acceptance of this proposal within [specific timeframe, e.g., 14 days from the date of this letter]. Please don't hesitate to contact me at [phone number] or [email address] to discuss this matter further or negotiate any alternative arrangements. Thank you for your attention to this matter, and I genuinely appreciate your understanding and consideration in reinstating my loan. I believe that by working together, we can reach a mutually satisfactory resolution. Yours 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.