Credit Limit Reduction Notification Letter
Credit Limit Reduction Notification Letter
[YOUR COMPANY NAME]
[YOUR ADDRESS]
[YOUR CITY, STATE, ZIP]
[YOUR EMAIL ADDRESS]
[YOUR PHONE NUMBER]
January 2, 2057
Traci Wilson
1814 Horseshoe Lane
Newark, PA 19714
Dear Traci,
We are writing to inform you about a change in your current credit limit. Please note that effective immediately, your new credit limit has been set at $5,000. This change is consequential to a reassessment of your account based on our credit risk policies.
We understand that your credit limit plays a vital role in facilitating your transactions and ensuring cash flow stability. However, due to recent changes in the economy, we find it necessary to revise credit limits to match the risk profile.
Rest assured, we continually review all accounts and may increase your credit limit based on your account handling, including timely payments and consistency in keeping the account in good standing.
Please refer to the enclosed updated terms and conditions for more details. If you have any questions regarding this change, please feel free to contact our customer service team available Monday-Friday from 9 a.m. to 5 p.m. We appreciate your understanding in this matter.
Thank you for your cooperation. We value your business and aim to assist you in your financial management effectively.
Sincerely,
[YOUR NAME]
