FREE Cannot Give Reference

By | November 11, 2011
(your street
city, state, zip)

(date)

(name
street
city, state, zip)

Dear Sir or Madam:

With much regret, we cannot give you a satisfactory reference 
for the ______ (name of company).  During the ____ (number of
years) that we have been conducting business with this 
company, our experience has been very unsuitable.

Our normal credit terms are ___ (number of days) net.  But their
account has been from ____ (number of days) to ____ (number of
days) in arrears during much of the time that we have had a
business relationship.  Their present balance of ________
(amount) includes purchases made as long ago as ________
(time period).

Of course, this information has been shared to you in confidence
and we hope that it will prove helpful to you.

Yours sincerely,

(name)
(title)