Restrictions on Credit Template

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Here’s a template you can use to create a document informing a client about the maximum amount of credit your financial institution can extend to them as well as the maximum amount you will allow a borrower to spend on a credit card. This file is ready-made and easy to use for your convenience. It is professionally designed and makes use of suggestive content users can customize using the available file formats presented. It’s quick, easy, convenient, and gets the job done. Why pass up this opportunity? Download this Restrictions on Credit template today!

RESTRICTIONS ON CREDIT

[DATE]

Dear [RECIPIENT NAME],

This letter is to inform you that our firm has reduced your credit limit after having noticed that after [NUMBER] of [WEEK/MONTH/YEAR], your last [NUMBER 1] bills were [NUMBER 2] days late. We are concerned about the change in your payment pattern. In light of the situation, the firm has decided that rather than cancel your credit line, it will be reduced to [DETAIL].

If, after [NUMBER 3] of [WEEK/MONTH/YEAR 1], you are current with your bills, we will reevaluate and may consider an increase in your credit line.

Your business is significant to us. We trust that we can increase your credit line in the future.

Regards,

[YOUR SIGNATURE]

[YOUR NAME]