EXPLANATION OF CREDIT REJECTION
Date: _______________________
To: _________________________
Per your request dated ___________________(month & day), ______(year), we are providing you with an explanation of why your application for credit was refused. Our reasons for declining to extend credit to you are based on the following information that we received: ______________________________________________________________________ ______________________________________________________________________ ______________________________________________________________________ ______________________________________________________________________
We appreciate your past patronage and welcome your future business; if you believe the above information is incorrect, please do not hesitate to write to us at your convenience.
__________________________________ Signature
___________________ Date