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Refusal of credit to a new customer seeking credit / open account on goods / products.
Thank you for your recent request for credit with us. However, we are afraid that it may not be in [COMPANY]'s best interest to grant you credit at this time.
Our credit check indicates that [COMPANY]'s current credit obligations are substantial, and it may not be sound to add to those financial obligations to ensure your sound credit standing with the community.
That said, [COMPANY] is always welcome to buy from us on a cash on delivery basis. As a welcoming gesture, we will offer a cash discount of [x]% for goods you order with us. We will try our best to serve you in any way possible.
This document is a Refusal of credit to a new customer seeking credit / open account on goods / products.
The information about the credit, including the date, relevant goods and the company should be clearly stated in the letter.