Business Letters & Forms - Professional Letters

ACCOUNTING/FINANCE - Credit - Restrictions

[DATE]

[Name]
[Company]
[City, State ZIP]

Dear [ ]

After [18 months] of prompt payments, we've noticed that your last [two bills were 30 days late]. We are concerned about the change in your payment pattern. Rather than cancel your credit line, we have reduced it 50%.

If, after six months, you are current with your bills, we will reevaluate an increase in your credit line.

Your business is important to us. We hope we can increase your credit line in the future.

Sincerely,

[Name]
[Title]