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Credit Denial Letters

Credit denial letter must go along the guidelines which can be used as plans of contents that the letter contains. From these guidelines one can get complete idea about the rules and regulations given by the person who sells. Sometimes bank writes these letters in aid of the purchaser to the seller as the bank acts as a representative of the purchaser.

  • Write this letter in polite language. Write that you feel sorry as you cannot lend a credit.
  • Write the letter in a positive way; tell the reader what he can do to improve the situation so as to be eligible for taking credit.
  • Write this letter in very humble language. Do not make use of very professional language.

Credit Denial Letters Template

Use our free Credit Denial Letters to help you get started. Simply download the .doc or pdf file and customize it. If you need additional help or more examples check out some of the sample letters below.

From

_____________

_______________

Date

To

____________

_________

Subject – _________(mention the purpose)

Dear ________(sir/madam)

We are writing this letter to tell you that we are not in the position to get you accredit. We really feel sorry about this. Your income is not up to our limits and hence we are not able to lend a credit to you. There is no person to take your warranty and also your record shows many late payments. This is the reason why we cannot help you with a credit. If you try to enhance your credit situation then surely you have a chance to get a credit. Hope you do not have any misunderstandings and we wish you all the best for your future. And we hope you come out of his situation.

Thanking you

Name

Signature

Download Template (Doc and PDF)

Word Filepdf

Credit Denial Letters Sample, Email and Example/Format

Sample

From

_____________

_______________

Date

To

____________

_________

Subject – Credit denial letter

Dear Sir/ Madam

This is with reference to the application that we received from you as on 20.09.2013.the application was regarding taking a bank credit. We regret to inform you that we are not able to get you a credit due to some matters .We have decided some income standards but unfortunately we feel that you do not meet the standards. We think that you will not be able to make the payment because of your lower income. We have certain list of companies and we didn’t find your name in that. As a result we cannot do the verification process. You have all the times made late payments and you have been charge late fee always. Aside from all these circumstances, there is no one who can take your guarantee. Therefore kindly spare us in this regards and try to resolve the matters so that you will be qualified for taking a credit. Hope you do not have any misconceptions about us in regards with this matter.

Thanking You

Yours Sincerely,

Sejal

Email Format

Dear, Mr. Antonio

We received your application letter dated 20th September, 2010 for taking a credit from our bank. But it is my painful duty to inform you that we cannot lend you credit because of certain issues which we consider in your case. For taking credit we fixed up one income criteria but your income is not up to that level of satisfaction and we think that you could not make payments due to low income. Your company doest not comes under our list of companies thus verification is not possible. You had always done all your payments late of which late fee has been charged to you each time. Apart from all these there no one who will give your reference and take your guarantee. Hence please excuse us in this respect and try to work on these issues to get eligible for taking a credit.

Thanking You

Yours Sincerely,

Ms. Teresa F. Brown

Branch Manager

ABC Cooperative Bank Pvt. Ltd

4641 Wexford Way
Rock Hill, SC 29730

Credit Denial Letters Generator

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