Credit Letters

We can help you write credit letters in minutes

Whether you are the creditor or the applicant addressing a letter to a banker, a well-written credit letter can save money.

With WriteExpress software you get proven credit letters that are guaranteed to help you find the perfect words to say.

How to write a credit letter:

• Maintain a courteous tone, no matter the circumstances. If you must deny a person credit, discontinue credit, or begin the collection process, maintain a professional tone as you explain your reasons for taking this action. Remember, you'll probably want to keep this customer's business, even if you must ask for cash payments.

• If you must deny a request for credit, leave the door open to future applications from the same party.

• If payment is more than a month late, encourage the customer to contact you to discuss the lapse in payment.

• If a payment is more than 60 days overdue and the customer has shown no move toward making the payment or discussing why he or she has not made payment, let him or her know exactly what the penalty will be unless he or she responds immediately with the payment. Don't make an empty threat, however. You must be prepared to follow through.

• Be clear and include enough information to clearly convey your request or offer to your client or potential customer.

• Tailor your letter to your audience.

• Be brief; credit letters should be straightforward and businesslike.

• Be confident and persuasive. Be assertive but not overbearing.

• Assure your reader that any information he or she gives you will remain confidential.

Need to write a credit letter? Say it right with our professionally written credit letters. Write with confidence using: Must-know letter-writing tips Expert help every step of the way Appropriate phrases and sentences Words writers agree work the best It is easy with credit letters for these topics: Cancel, Suspend, or Restrict a Credit Account Announce punitive measures against a client's account Cancel or withdraw a customer's credit account Warn a customer about credit suspension or penalization Miscellaneous Confirm a telephone request to transfer money, cancel and replace a stolen credit card, or stop payment on a check Write a credit reference Open a Credit Account Extend an invitation to open an account Offer the use of a charge account Request a Loan or Credit Approve a loan Ask an applicant for credit to submit more information Decline a request for credit Grant approval for credit Investigate an applicant's credit reference Request an explanation for a denial of credit Request an increased credit line Request or apply for a credit account Welcome a new account or an account reactivation Request or Make Payment Acknowledge payment of an overdue balance Inform a customer of an incorrect payment amount and ask for the balance Inform a customer of an overpayment Inform a customer that the check you received was not signed or the payment was not in the envelope Notify a creditor that you have stopped payment on a check Notify a debtor of a returned check Offer a discount for early payment on products or services Promise a delayed payment to a creditor Remind an organization member to pay a fee, duty, or pledge Request payment of a personal loan Send a late payment after a mutual agreement to do so Suggest an alternative plan or schedule for payments Transmit a payment Collection Letters Collection letter #1: Remind a customer that payment is past due Collection letter #2: Remind a customer that payment is past due Collection letter #3: Appeal to a customer's personal interests to pay an overdue bill) Collection letter #4: Offer assistance to a customer having difficulty paying an overdue bill Collection letter #5: Demand payment on a delinquent account Collection letter #6: Announce your intention to take aggressive action against a customer for failing to make payment Write a collection letter Get the right words for your letters in three easy steps: Choose from a variety of prewritten credit letters that cover many common situations. Copy your letter directly into Microsoft Word or your favorite word processor. Or let our software guide you step-by-step through the writing process, suggesting sample phrases and sentences for each writing step. In minutes, you can write an effective credit letter. Print your credit letter and send it!

See also: 9 Tips for Writing Letters of Credit

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