[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Customer's Name] [Customer's Address] [City, State, ZIP Code] Subject: Denial of Individual Charge Account Application Dear [Customer's Name], Thank you for your recent application for an individual charge account with [Your Company Name]. We appreciate your interest in our products/services; however, after careful review and evaluation of your application, we regret to inform you that we are unable to approve your request at this time. Upon reviewing your creditworthiness and considering various factors, including your credit history, financial status, and any additional supporting documents, our decision unfortunately indicates that we are unable to extend an individual charge account to you. We understand that this may be disappointing news, but please know that our decision is based on a thorough assessment of your application. Factors That Led to the Denial: 1. Insufficient Credit History: Our review of your credit history indicates limited or inadequate credit accounts, which makes it difficult to assess your creditworthiness accurately. 2. High Debt-to-Income Ratio: Based on the financial information provided, your current debt obligations appear to be relatively high in comparison to your reported income. This raises concerns regarding your ability to manage additional credit responsibly. 3. Prior Delinquency: Our evaluation revealed a previous delinquency on your credit report, which indicates potential difficulties in meeting financial obligations promptly. 4. Incomplete or Inaccurate Information: We encountered some incomplete or inaccurate information on your application, making it challenging to make an informed decision. Please review your application thoroughly and ensure all details are accurately provided in future submissions. Our decision is final at this time. However, this denial does not reflect on your character or personal worth; it solely pertains to the evaluation of your creditworthiness as per our internal criteria. If you believe there may have been an error in evaluating your application or if there are significant changes in your financial circumstances, feel free to contact our customer service department at [Customer Service Phone Number] or email us at [Customer Service Email Address]. We will gladly re-evaluate your application should you provide updated information or clarification regarding any discrepancies. We appreciate your understanding, and thank you for considering [Your Company Name]. Please feel free to explore our other products/services or discuss alternative payment options available to you. Thank you again for your application. Sincerely, [Your Name] [Your Title] [Your Company Name]