Individual Charge Account Denial

Contact Name

Address
Address2
City, State/Province Zip/Postal Code

OBJECT: Charge Account Denial

Dear [Contact Name],

We regret to inform you that your application for a charge account cannot be approved at this time. Our decision is based on information provided by the following consumer reporting agency: [Agency].

Under federal law, you have the right to request and obtain a complete disclosure of the information held about you by the consumer reporting agency, excluding any medical data. To access this information, you must provide proper identification.

While we are currently unable to extend credit terms, we sincerely appreciate your interest and would be happy to serve you as a customer. We hope to reconsider your application in the future and potentially open a charge account at that time.

Thank you for taking the time to submit your application.

Sincerely,

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

How to Use This Sample Format

This sample letter can be used as a reference when drafting formal denial letters involving credit account applications. Ensure the template is tailored to meet specific legal and company requirements before use.