How Do You Showcourtesy And Tact In A Clear Refusal Of Credit?

The explanation for the credit refusal to the reader must be courteous and tactful throughout. The opening statement must be neutral. Throughout the expressions must be clear to the reader. You must be able to justify the past relations between reader and you. The message ends up with pleasant words that look to the future better.

For example:

"To make sure yourself of the progress, we feel important that you will want to follow the soundest business practice ever possible. As you can know, most finance experts are of the view of maintaining reasoning of indebtedness which is a must for safe growth of business. About 2:1 ratio of current assets to liabilities is a good minimum, they say. In the belief that this minimum ratio is best for all concerned, we extend further credit only when it is met. As soon as you reach this ratio, we would like to review your application again. Meanwhile, we will strive to meet your needs on a cash basis."

Hope it must be clear with the help of above example.

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