101 Business Letter

Letter To Withdraw Customer’s Credit Account

letter to withdraw customers credit account

Below is sample letter to withdraw customer’s credit account :

Your Name
Company Name
Street Address
City, ST ZIP Code

Recipient Name
Organization Name
Street Address
City, ST ZIP Code

Dear Recipient Name:

The past twelve months saw a drastic deterioration in your payments. You have exceeded your credit limit on five different occasions despite our protests. Now your debit balance stands at USD6000, which is again above your credit limit.

So, at the last meeting, the Board has decided to withdraw the credit facility that was given to you some eighteen months back. Thus from today all your orders will be handled strictly on a cash basis. Please make payment first before delivery of goods.

In addition, you must settle your outstanding balance of USD6000 before we can process any new order.


Your Name

More financial matters

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