DEMAND ON GUARANTOR FOR PAYMENT
Date: To:
Dear The undersigned is the holder of your guaranty dated wherein you guaranteed the debt owed us by ,
( y e a r ),
Please be advised that said debt is in default. Accordingly, demand is made upon you as a guarantor for full payment on the outstanding debt due us in the amount of $ In the event payment is not made within ( .
) days, we shall proceed
to enforce our rights against you under the guaranty. We shall additionally hold you responsible for attorneys fees, costs of collection and further interest as may accrue. Very truly yours,
___________________________________ Name ___________________________________ Address ___________________________________