Rejection of request for increase in credit
[Date] [Name] [Address] Dear [Name] Thank you for your letter of [Date], requesting an increase in the credit limit on your account [Number]. After due consideration we regret to inform you that at the present time we cannot raise your credit limit. This is because [Reasons]. We trust you can appreciate our position. We look forward to being of continued service to you. Yours Sincerely [Your Name] [Your Title]