Notice to Guarantor of
Demand for Payment
If a debtor defaults on a loan payment or debt, use this letter to formally request
payment from the guarantor to the agreement. The guarantor, or co-signer, is the party
that guarantees payment in the event that the debtor defaults on loan payments.
Customize the information of the parties, the type of loan, the loan amount, and more.
This letter can be used by individuals or small businesses that want to demand payment
from a guarantor after a debtor has defaulted on loan payments.
__________________________________ [Instructions: Insert the Creditor’s name]
___________________________ [Instructions: Insert the Creditor’s address line 1]
______________________________ [Instructions: Insert Creditor’s address line 2]
____________________ [Instructions: Insert the date]
_____________________ [Instructions: Insert the Debtor’s name]
_____________________ [Instructions: Insert the Debtor’s address line 1]
_____________________ [Instructions: Insert the Debtor’s address line 2]
Attn: _____________________ [Instructions: Insert the contact name]
RE: Notice to Guarantor of Demand for Payment
Dear _____________________, [Instructions: Insert the Guarantor’s name]
Reference is hereby made to an agreement entered into between
______________________ [Instructions: Insert the Debtor’s name] (henceforth the “Debtor”)
and us, dated _______________________. [Instructions: Insert the date of the debt
agreement] As a material term of the Agreement, we required the Debtor to have a guarantor.
As you may recall, you executed a guaranty, guaranteeing Debtor’s debts to us (the “Guaranty”),
a copy of which is enclosed.
We regret to inform you that Debtor has defaulted in payment to us pursuant to the
Agreement. Accordingly, pursuant to the Guaranty, demand is hereby made upon you, as
guarantor, for full payment on the outstanding debt due us in the amount of ___________
Dollars ($____) [Instructions: Insert the debt amount] (the “Debt”).
Please be advised that in the event that, within ___________ (____) days [Instructions:
Insert the number of days] from the date of this letter, we have not received full and complete
payment of the Debt, we may immediately, and without further notice, pursue all of our legal and
equitable rights and remedies pursuant to the Guaranty, including, but not limited to, actual,
consequential and liquidated damages, as well as seeking our attorney's fees, costs, and all
expenses incurred in connection with collection of the Debt.
Please note that the foregoing is not intended to be a full and complete statement of the
facts and circumstances attendant to this matter. Nothing contained herein or omitted herefrom
shall be deemed to be an admission of any fact or a waiver or relinquishment of any of our rights
and remedies, in equity or at law, all of which are expressly reserved.
Very truly yours,
___________ [Instructions: Insert Name],
___________ [Instructions: Insert Company]
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