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How to Write a Credit Letter
 
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Determine Your Scope

The scope of your credit letter will be determined by the decision to extend or deny the application. Use a welcoming tone when granting credit and take the time to explain the limits, terms and conditions. Your reader will need to know a few things:

  • How much credit is being granted?
  • What interest rate is being applied?
  • What payment options are available?
  • What penalty stipulations are attached?
Enclosing a company brochure is a common method for explaining these details.

Sample credit letter #3 is a denial. The writer in this case widens the scope. She includes information regarding the applicant's legal rights and provides a toll free number to a credit-reporting agency.

 

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