(your street city, state, zip) (date) (name street city, state, zip) Dear ___ (name): Thank you so much for your credit application at _____ (name of store). We appreciate your confidence. Your references are extremely good and your employment record shows a strong future. However, at present your financial condition does not totally meet ____ (name of store's) requirements. Therefore, we cannot grant you the $____ (amount of money) open credit you requested. Please feel free to come in and talk to me at your convenience. I am sure that we can set up a gradual increasing credit scale that will meet with your satisfaction. Meantime, deliveries paid by cash are made within ____ (number of days) days. We hope to be hearing from you shortly. Sincerely, (name) (title)
