Product / Goods Request

Refusal of Credit

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Description:

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.

Document Type:

Letter / e-mail / note / correspondence

Category:

Business > Goods and Services > Credit / Invoice / Payment / Demand Letter

 
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Author:

DocPro Legal

DocPro Legal is a team of legal professionals with a passion for making quality documents and legal contract templates widely available to the public through cutting edge technology. Our lawyers are qualified in numerous common law jurisdictions including the United Kingdom, Australia, New Zealand, India, Singapore and Hong Kong. We have experience in major law firms and international banks with expertise in business, commercial, finance, banking, litigation, family, succession and company laws.