[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Guarantor's Name] [Guarantor's Address] [City, State, ZIP] Subject: Demand for Payment as Guarantor Dear [Guarantor's Name], I hope this letter finds you in good health and high spirits. I am writing to discuss an urgent matter regarding your role as a guarantor for the outstanding debt of [Debtor's Name] owed to [Creditor's Name]. As the guarantor, you have legally agreed to ensure the repayment of this debt in the event of default by the debtor. After careful assessment, it has come to our attention that [Debtor's Name] has failed to make the agreed-upon payments as per the terms outlined in the loan agreement. This breach of contract has resulted in the acceleration of payment, demanding the entire loan balance, including any accrued interest, to be paid immediately. As the guarantor, your primary responsibility is to fulfill the financial obligations of the debtor when they are unable to do so themselves. This letter serves as formal notification that we request the full payment of the outstanding debt amounting to [Total Debt Amount] within [Number of Days] calendar days from the date of this letter. Kindly find attached a detailed statement of the loan, indicating the total outstanding balance, interest, and any additional charges incurred. We request you to review this statement thoroughly to ensure accurate representation before proceeding with the payment. Please note that any delay or non-compliance in honoring this demand for payment can lead to legal action being taken against you. It is crucial to understand the gravity of the situation and the potential consequences of non-compliance. If there are any extenuating circumstances or issues preventing immediate payment, we urge you to contact us at [Your Phone Number] or [Your Email Address] as soon as possible. We are willing to explore alternative payment arrangements or discuss a settlement if necessary. Failing to provide a satisfactory response within the stipulated timeframe will leave us with no choice but to pursue all available legal remedies to recover the debt, including but not limited to filing a lawsuit, seeking a judgment, and pursuing wage garnishment or property liens. We strongly advise seeking legal counsel to fully comprehend your rights and obligations as a guarantor under the laws of Alaska. It is important to act promptly to avoid further complications and costs. Please treat this matter with utmost urgency and notify us in writing of your intentions regarding the repayment of the outstanding debt. Kindly provide a written response to this letter no later than [Response Deadline]. Thank you for your immediate attention to this matter. We trust that you will fulfill your obligations as a guarantor and resolve this matter without the need for legal intervention. Yours sincerely, [Your Name]