Sample Credit Denial Letter

Sample Credit Denial Letter

A Credit Denial Letter is a formal statement issued by a financial institution that declined an application to obtain credit prepared by an individual or an entity. Most often, a bank or a credit union will deny credit to the applicant because they find negative entries in the latter's credit history, do not receive enough details to grant a favorable decision, or cannot confirm the borrowing history of the person or company that requested credit.

A Credit Denial Letter Sample can be found through the link below. This document usually does not exceed one or two pages - introduce yourself and salute the recipient, thank them for the interest in your organization and time they took to apply for credit, politely inform them their application was rejected, explain the reasoning behind this decision, list the steps the reader must take to reverse your decision, and offer other programs and services they may qualify for regardless. You need to add your contact information to let the individual or company reach out to you in case they want to dispute your decision or provide you with the documentation they failed to attach the first time.


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