New Hampshire Sample Letter for Demand on Guarantor

• Category: Letters - Nonlegal - Demands
• State: Multi-State
• Control #: US-0364LR
• Format: Word; Rich Text

Description

Sample Letter for Demand on Guarantor Dear [Guarantor's Name], I hope this letter finds you well. I am writing to you as the guarantor for [Debtor's Name], whose outstanding debt remains unpaid despite numerous attempts to collect. As a guarantor, you provided a guarantee to ensure the repayment of the debt in question. According to the terms and conditions stated in the Guarantor Agreement dated [Date], signed by both parties, you have agreed to be responsible for the debt in the event that the debtor defaults. It is with regret that I inform you that the debtor has failed to fulfill their financial obligations, leaving the creditor with no choice but to seek payment from the guarantor. As the guarantor, you are now obligated to fulfill your commitment outlined in the Guarantor Agreement. According to New Hampshire law, a guarantor can be held legally and financially responsible for the repayment of the debt if the primary debtor fails to do so. Pursuant to the provisions of the New Hampshire statute [cite relevant statute or law if applicable], the creditor has the right to demand payment directly from the guarantor. Therefore, we hereby demand that you fulfill your financial obligations as the guarantor within [specific time frame, e.g., 30 days] from the date of this letter. The amount outstanding, which includes [principal amount, interest, penalties, and any other charges], currently totals [total amount]. Please make the payment in full to the creditor, [Creditor's Name], at [Creditor's Address]. If you fail to make the required payment within the specified time frame, the creditor will have no choice but to pursue legal action to recover the debt in accordance with applicable New Hampshire laws. Please note that this may result in additional costs, such as attorney fees and court expenses, which you may be responsible for. It is in the best interest of both parties to resolve this matter amicably and avoid any further legal proceedings. Therefore, I urge you to treat this demand seriously and take immediate action to fulfill your obligations as the guarantor. Should you have any questions or concerns regarding the debt in question or the repayment process, please do not hesitate to contact me or the creditor. We would be more than happy to provide any additional information or clarification you may require. Your prompt attention to this matter is greatly appreciated. We trust that you will fulfill your obligations promptly and prevent the need for further legal action. Sincerely, [Your Name] [Your Title/Law Firm Name] [Your Contact Information]

Dear [Guarantor's Name], I hope this letter finds you well. I am writing to you as the guarantor for [Debtor's Name], whose outstanding debt remains unpaid despite numerous attempts to collect. As a guarantor, you provided a guarantee to ensure the repayment of the debt in question. According to the terms and conditions stated in the Guarantor Agreement dated [Date], signed by both parties, you have agreed to be responsible for the debt in the event that the debtor defaults. It is with regret that I inform you that the debtor has failed to fulfill their financial obligations, leaving the creditor with no choice but to seek payment from the guarantor. As the guarantor, you are now obligated to fulfill your commitment outlined in the Guarantor Agreement. According to New Hampshire law, a guarantor can be held legally and financially responsible for the repayment of the debt if the primary debtor fails to do so. Pursuant to the provisions of the New Hampshire statute [cite relevant statute or law if applicable], the creditor has the right to demand payment directly from the guarantor. Therefore, we hereby demand that you fulfill your financial obligations as the guarantor within [specific time frame, e.g., 30 days] from the date of this letter. The amount outstanding, which includes [principal amount, interest, penalties, and any other charges], currently totals [total amount]. Please make the payment in full to the creditor, [Creditor's Name], at [Creditor's Address]. If you fail to make the required payment within the specified time frame, the creditor will have no choice but to pursue legal action to recover the debt in accordance with applicable New Hampshire laws. Please note that this may result in additional costs, such as attorney fees and court expenses, which you may be responsible for. It is in the best interest of both parties to resolve this matter amicably and avoid any further legal proceedings. Therefore, I urge you to treat this demand seriously and take immediate action to fulfill your obligations as the guarantor. Should you have any questions or concerns regarding the debt in question or the repayment process, please do not hesitate to contact me or the creditor. We would be more than happy to provide any additional information or clarification you may require. Your prompt attention to this matter is greatly appreciated. We trust that you will fulfill your obligations promptly and prevent the need for further legal action. Sincerely, [Your Name] [Your Title/Law Firm Name] [Your Contact Information]