Credit Refusal Letter

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CREDIT REFUSAL LETTER

[DATE]

Dear [RECIPIENT NAME],

This letter is in response to your request made to us with respect to the extension of your credit for the amount of $[NUMBER] for [NUMBER 1] months for the products that the company has supplied for you.

We regret to inform you that we cannot provide you with the credit. As you are well aware, the current state of the economy has greatly affected the business industry and as a result to that, the company has decided to put our credit policies on hold for [PERIOD].

Your company has been our valued customer for [NUMBER 2] years now and it is very unfortunate that we have to refuse your credit extension request for now. However, we can assure you that as soon as our credit policies are changed, we will immediately inform you.

We hope that this does not affect our company’s business relationship in any manner.

Thank you for your understanding on the matter.

Regards,

[YOUR SIGNATURE]

[YOUR NAME]