Demand For Payment On Guarantor
Date: To: (Debtor’s Representative Name) (Address)
The undersigned holds your guaranty dated __(Date)_____________ wherein you guarantee the debt owed us by (Name of party guaranteed).
Please be advised that said obligation is in default. Demand is made upon you as a guarantor for full payment on the outstanding debt now due us in the amount of $________________.
If payment is not made within
days, we shall enforce our rights against
you under the guaranty and hold you responsible for attorney's fees and costs of collection. Sincerely, _________________________________ Secured Party Representative