Dear ____ (name): As requested, we are replying to your recent letter of querie regarding ________ (name) as a credit risk. In all fairness to you, we regret that we cannot recommend this firm. Despite the fact that we granted generous credit privileges for ____ (time period), they did not meet their agreed upon obligations and were lax in their payment. Therefore, we withdrew these privileges and now will only do business on a cash basis. This is the only basis that we feel secure in dealing with _______ (name of company). Yours truly, (name)
