Denial of Credit

Contact Name

Address
Address2
City, State/Province
Zip/Postal Code

OBJECT: DENIAL OF CREDIT

Dear [Contact Name],

Following a thorough review of your application for the [name of account applied for], we regret to inform you that we are unable to approve your request for credit at this time.

This decision is based on information provided in a credit report issued by [company credit report obtained from]. Under applicable law, you have the right to request a free copy of this credit report. To obtain your copy, please contact the credit reporting agency directly at [address].

We understand that this may be disappointing, and we apologize for any inconvenience this may cause. You are welcome to reapply once you have reviewed and addressed the items noted in your credit report.

Sincerely,

Your Name
Your Title
(800) 123-4567
youremail@yourcompany.com

How to Use This Sample Format

This sample letter is intended to serve as a basic reference for formally denying a credit application while remaining compliant with consumer credit reporting laws. Be sure to customize the placeholders with the relevant details and verify compliance with any applicable local, state, or federal regulations before use.