Dear [Customer], We regret to inform you that your recent application for an individual charge account with our company has been denied. We appreciate your interest in establishing credit with us; however, after a thorough review of your application and credit history, we have determined that we cannot approve your request at this time. Our decision was based on several factors, including the information provided in your application, your credit report, and our internal credit evaluation process. Unfortunately, we discovered certain discrepancies and red flags that prevent us from extending credit to you. Specifically, our review revealed a series of late payments, defaults, and outstanding debts on your credit report. These negative credit events indicate a higher risk associated with granting a charge account, and as a responsible credit provider, we must consider these factors to protect both our company and our customers. Please note that we adhere to strict credit policies to ensure the financial stability of our business and maintain a positive relationship with our existing customers. Our decision is final and cannot be appealed. However, this denial does not impact your ability to purchase goods or services from our company using alternative payment methods, such as cash or debit card. We understand that credit denials can be disappointing, but we encourage you to take proactive steps to improve your creditworthiness. By actively managing your finances, keeping up with bill payments, and reducing outstanding debts, you may enhance your chances of being approved for credit in the future. In the meantime, we recommend that you check your credit report regularly to ensure its accuracy and address any inaccuracies promptly. We appreciate your understanding, and thank you for considering our company for your credit needs. Should you have any further inquiries or require assistance, please do not hesitate to contact our customer service department at [phone number] or [email address]. We are here to help you with any questions you may have. Sincerely, [Your Name] [Your Company's Name] [Your Contact Information] Keywords: Guam, sample letter, denial, individual, charge account, credit history, application, credit report, credit evaluation, late payments, defaults, outstanding debts, risk, credit provider, credit policies, financial stability, relationship, customers, disappointing, alternative payment methods, cash, debit card, creditworthiness, finances, bill payments, outstanding debts, credit report accuracy, customer service department, inquiries, assistance.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.