[Your Company Letterhead]
Tuesday, August 12, 2008
To: [RECIPIENT]
Dear [CONTACT NAME], Thank you for submitting a credit application to us. After carefully reviewing your information, I regret to inform you that we will be unable to recognize you as a credit customer. For now, we welcome you as a cash customer and wish to continue to serve you. If your circumstances change, please consider us for your future credit needs.
Sincerely,
[Signature] [Your Name] [Title]