Credit Termination Letter

When a client becomes uncreditworthy, you can send them this Credit Termination Letter to inform them that credit has been withdrawn.


[Recipient’s Name]

[Company/Business Name]

[City, State and Zip Code]

[Mobile/Fax Number]

Ref: Cancellation of Credit Provision

Dear [Recipient’s Name]

I have been asked by the [Bank’s Name] to review your credit account and past payments. From my evaluation, I have determined that you have been a valued client for our credit services for [Duration]. Your confidence in us is much appreciated.

Further examination, however, reveals that you have defaulted on your credit for [Duration]. This has been without prior notice to the bank and no follow-ups from your end. To this effect, the bank is terminating your credit effective from [Date].

For any clarification, contact us through our mobile number [#].


[Sender’s Signature]

[Sender’s Name]

Bank Manager, [Bank’s Name]

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