[Your Name] [Your Address] [City, State, ZIP] [Date] [Loan Service/Bank Name] [Loan Service/Bank Address] [City, State, ZIP] Subject: Insufficient Amount to Reinstate Loan — Request for Additional Information Dear Sir/Madam, I am writing to discuss the matter of insufficient funds required to reinstate my loan with Kings New York. As a borrower whose loan has fallen into delinquency, I am genuinely committed to resolving this matter promptly and setting my repayments back on track. However, I have recently discovered that the amount I have allocated for reinstatement is not sufficient to cover the outstanding balance and associated fees. Having reviewed the terms of my loan agreement, it is evident that I am entitled to request information regarding the breakdown of the outstanding balance and any additional charges that have accrued. Therefore, I kindly request the following information: 1. A detailed statement illustrating the current outstanding balance on my loan, including the principal amount, interest accrued, and any applicable fees or penalties. 2. A complete breakdown of the fees associated with this delinquency, both original and any subsequent charges, with explanations for each item. 3. clarification on any potential legal fees or expenses that may have been incurred during the collection process. 4. An explanation of any potential recovery fees or costs that may have been included in the outstanding balance. Reinstating my loan and upholding my financial responsibilities is of utmost importance to me. By providing the requested information, I can better evaluate my financial situation and explore potential avenues to gather the necessary funds. Additionally, a detailed breakdown will allow me to address any discrepancies or errors that may have contributed to the inflated outstanding balance. Please note that I understand the importance of acting swiftly in resolving this situation and reinstating my loan. Therefore, I kindly request your prompt attention and a response within [insert a reasonable time frame] to avoid any further delays. Prompt communication is critical to find the best possible solution for both parties involved. Should you require any additional information, please do not hesitate to contact me at [Your Phone Number] or via email at [Your Email Address]. I am available during regular business hours and will make myself available to discuss this matter further. I appreciate your understanding and cooperation in this urgent matter. Furthermore, I look forward to resolving this issue promptly and responsibly. Thank you for your prompt 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.