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_________________, _________________ _________________

 

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_________________, _________________ _________________

 

Dear _________________:

 

Thank you for taking the time to phone this afternoon. I understand the difficulties you are currently experiencing. Nevertheless, after consulting with our _________________, I regretfully must inform you that we cannot continue to extend you credit.

 

You may pay off your balance on a monthly basis; all new purchases will be COD.

 

We certainly wish you good luck in _________________. We look forward to continuing to serve you.

 

Sincerely,

 

 

 

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