Salt Lake Utah Sample Letter for Demand on Guarantor

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

Description

Sample Letter for Demand on Guarantor [Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Date] [Guarantor's Name] [Guarantor's Address] [City, State, Zip Code] Subject: Demand for Payment on Guarantor Agreement Dear [Guarantor's Name], I hope this letter finds you in good health and high spirits. I am writing to you as a guarantor in accordance with the [type of Guarantor Agreement], which was executed on [date]. This agreement was made in connection with the [type of contract or loan] between [Creditor's Name] and [Debtor's Name], wherein you, as the guarantor, agreed to assume joint liability for the debtor's obligations. As per the terms and conditions of the Guarantor Agreement, I regret to inform you that the debtor, [Debtor's Name], has failed to fulfill their obligations as outlined in the contract. Specifically, the debtor is currently in default on their payments, which has resulted in serious financial consequences for [Creditor's Name]. According to the Guarantor Agreement, in the event of default by the debtor, you are immediately responsible for ensuring the fulfillment of all outstanding obligations mentioned within the contract. The outstanding amount currently owed by the debtor, including principal, interest, and any applicable fees or charges, is $[amount]. I hereby demand that you fulfill your obligations as the guarantor by paying the full outstanding amount of $[amount] within [reasonable timeframe, e.g., 30 days] from the receipt of this letter. Failure to comply with this demand within the specified timeframe may result in further legal action being pursued by [Creditor's Name]. Please be advised that ignoring this demand for payment can potentially lead to negative consequences for your personal credit rating and financial stability. It is in both our interests to resolve this matter promptly and amicably, avoiding any unnecessary legal proceedings. I have attached copies of all relevant documents, including the Guarantor Agreement and statements reflecting the debtor's default, for your reference. Should you have any questions or require further information, please do not hesitate to contact me at [your phone number] or [your email address]. I trust that you will handle this matter with the utmost urgency and responsibility. I look forward to receiving your prompt payment in full within the specified timeframe. Your cooperation in this matter is greatly appreciated. Thank you for your immediate attention to this important issue. Yours sincerely, [Your Name]

[Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Date] [Guarantor's Name] [Guarantor's Address] [City, State, Zip Code] Subject: Demand for Payment on Guarantor Agreement Dear [Guarantor's Name], I hope this letter finds you in good health and high spirits. I am writing to you as a guarantor in accordance with the [type of Guarantor Agreement], which was executed on [date]. This agreement was made in connection with the [type of contract or loan] between [Creditor's Name] and [Debtor's Name], wherein you, as the guarantor, agreed to assume joint liability for the debtor's obligations. As per the terms and conditions of the Guarantor Agreement, I regret to inform you that the debtor, [Debtor's Name], has failed to fulfill their obligations as outlined in the contract. Specifically, the debtor is currently in default on their payments, which has resulted in serious financial consequences for [Creditor's Name]. According to the Guarantor Agreement, in the event of default by the debtor, you are immediately responsible for ensuring the fulfillment of all outstanding obligations mentioned within the contract. The outstanding amount currently owed by the debtor, including principal, interest, and any applicable fees or charges, is $[amount]. I hereby demand that you fulfill your obligations as the guarantor by paying the full outstanding amount of $[amount] within [reasonable timeframe, e.g., 30 days] from the receipt of this letter. Failure to comply with this demand within the specified timeframe may result in further legal action being pursued by [Creditor's Name]. Please be advised that ignoring this demand for payment can potentially lead to negative consequences for your personal credit rating and financial stability. It is in both our interests to resolve this matter promptly and amicably, avoiding any unnecessary legal proceedings. I have attached copies of all relevant documents, including the Guarantor Agreement and statements reflecting the debtor's default, for your reference. Should you have any questions or require further information, please do not hesitate to contact me at [your phone number] or [your email address]. I trust that you will handle this matter with the utmost urgency and responsibility. I look forward to receiving your prompt payment in full within the specified timeframe. Your cooperation in this matter is greatly appreciated. Thank you for your immediate attention to this important issue. Yours sincerely, [Your Name]