Denial of Credit

Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date and Reference

Date: {{date}}

Our Ref: {{reference_number}}

Your Ref: {{applicant_reference_number}}

Recipient Information

{{applicant_name}}

{{applicant_address}}

Attention: {{contact_person}}

Subject: Denial of Credit Application

Dear {{contact_person}}

Thank you for your recent application for a credit facility with {{company_name}}.

Notification of Denial

We have carefully reviewed your application, and after thorough consideration, we regret to inform you that we are unable to approve your request for credit at this time.

Reasons for Denial

This decision was made based on the following reason(s):

- {{reason_1}}

- {{reason_2}}

- {{reason_3}}

Please note that this decision is final based on the current information provided. If you believe there has been a misunderstanding or inaccuracy in the information reviewed, please contact us within {{number_of_days}} days to discuss this further.

Alternative Options (Optional)

We understand that this news may be disappointing. We encourage you to consider the following alternative options that may be available to you:

- {{alternative_option_1}}

- {{alternative_option_2}}

Should your financial circumstances change in the future, we invite you to re-apply for a credit facility after a period of {{months_to_reapply}} months.

Contact Information

If you have any questions regarding this decision, please do not hesitate to contact our Credit Department at {{credit_department_phone_number}} or {{credit_department_email_address}}.

Closing

We appreciate your interest in doing business with {{company_name}} and wish you success in your future endeavors.

Signature Block

Sincerely,

{{signature}}

{{ signatory_name}}

{{signatory_title}}

{{company_name}}