All Messages

Sample letter for cancellation of credit facility

  1. Home
  2. Anniversary Wishes
  3. Sample letter for cancellation of credit facility
Sample letter for cancellation of credit facility
September 04, 2018 Anniversary Wishes 1 comment

Do you want to cancel your credit card and wondering how to write a request letter to your banker? Find the format of a sample letter in this.

A loan cancellation request letter is one that is written by an individual or an organization to request for the cancellation of the loan that has been applied earlier. These letters are formal in tone and must mention the reason for the cancellation of the loan. Sample letter is given below.

Sample Loan Cancellation Request Letter

To,

Mr. Sarah Green,

Manager,

ABC Bank,

Date: 3.7.14

Dear Ms. Green,

Subject: Loan cancellation request letter

I am writing this letter in reference to the home loan that I applied with your bank with the loan number 5680. I had approached your bank for home loan on 15th June, 2014 and have also submitted the relevant document for the loan approval.

Although the official informed me that the notification for the acceptance or rejection will reach you within the next fifteen days, I did not receive any from your bank. However meanwhile I explored the other banks providing home loan facility and found one of them more suitable for my needs. Thus I would request you to cancel my loan application.

Moreover I have also submitted all the important documents for the loan in your bank and I would need them back as I have to submit them to a different place now. So kindly let me know when I can get them back. To inform me about the same, you can either call me at 555-892-567 or email me at [email protected] Please inform me by the earliest so that I can come and collect my documents on time.

Sincerely,

Danny Brown

Mb. 555-892-567

Entrepreneurs or small business owners who are seeking a business loan will have a better chance of success if they know how to position.

Bank Guarantee Cancellation / Release Request Letter Format

sample letter for cancellation of credit facility

Sample Letter #1

Copied!

I have reviewed your account with Doe International and note that it is 90 days past due.

The payment of $500.00 you promised two months ago still has not been received. Consequently, I must inform you that I have closed your credit account with us.

Doe appreciates your doing business with us and hopes that we can continue on a cash basis while you resolve your delinquent balance. I hope we can continue to have good associations. I wish you well.

Sample Letter #2

Copied!

We are sorry to inform you that we must close your charge account with Doe Department Store because of a consistent record of late or missed payments. In 2018, your payments in February, May, and July were more than 15 days late, and payments in March and October were missed entirely.

Perhaps you are having temporary financial difficulties that have created the present situation. Because of your long relationship with our store, we prefer to resolve the problem with you directly, rather than refer the account to a collection agency. Please contact the customer service department at 555-5555 and speak with Jane Doe about arranging a new payment schedule.

We hope that we will be able to work together to correct this credit problem and restore the good relationship our store has had with you for so many years. Doe Department Store appreciates your patronage, and we look forward to serving you in the future.

Sample Letter #3

Copied!

Upon review of your accounts receivable file, I see no alternative but to suspend your credit line with us. Your balance has been more than 30% over your credit limit for 60 days, and we have not received a payment in that time.

While your credit privileges have been suspended until the account balance is brought within your credit limit, we will happily continue sales on a cash basis. In addition, our accounts receivable officer, John Doe, will be glad to help you design a workable payment plan to keep your balance manageable.

Your business has been very important to us, and we hope to continue our relationship well into the future. We wish you the very best during this difficult time.

Sample Letter #4

Copied!

It is with regret that we must inform you that we will no longer be able to ship supplies to you on credit. As a small company, we are unable to carry balances of over $1000 for more than 60 days.

However, we will continue to send you materials COD. We appreciate your business and hope we can continue to supply you with the products you need. If you have questions about this letter, please contact John Doe at 555-5555.

Related Articles

Related Resources

Guide to Write This Letter ❯
free sample memo
Thank you email to customer
contract cancellation letter template free
Endings to letters
discipline report template
Delivery order letter
holiday client letter
Letter to request credit

Cancel or Withdraw a Customer's Credit Account

sample letter for cancellation of credit facility

From,

___________ (name of the sender)

___________ (address of the sender)

___________

Date: _____________ (the date when the letter was issued)

To,

___________ (name of the receiver)

___________ (post of the receiver and the name of the bank)

___________ (address of the bank)

Subject: Cancellation of credit card

Dear ___________ (name of receiver),

I am an account holder with your bank and would like to request you to cancel my credit card attached with the account number _____________ (the account number that you hold with the bank) as _____________________________ (state the reason why you wish to discontinue the credit card service).

The details of the credit card have been enclosed along with the letter, and I wish to receive a confirmation receipt of this letter. In case of any queries, feel free to reach me on the address mentioned above, or contact me via phone on ____________ (provide your contact details).

Thank you.

With Regards,

____________ (name of the sender)

Subject: Back Guarantee Cancellation Letter Sample request letter to bank to release, return, and discharge of guarantee and closing of account After your recent review of our credit facility, we would like to kindly request your bank to.

How to Cancel a Letter of Credit?

sample letter for cancellation of credit facility

[Today’s Date]


[Creditor Name]
[1 Downtown Street]
[City, Province Postal Code]

WITHOUT PREJUDICE

ATTENTION: CREDIT DEPARTMENT
RE: ACCOUNT # 1234 567 890 SMITH, JOHN

Dear [Creditor]:

I am writing to inform you that my current income from [CPP, OAS, Disability Pension, Government Assistance, etc] is not enough for me to be able to make any payments towards my alleged debt at this time.

I respectfully request that you contact me by letter only going forward; please do not contact me by telephone. I will respond to any letters you send to me in a timely manner.

If at anytime I am in a position to resume payments on the alleged debt, I will contact you immediately to make appropriate arrangements.

I thank you for your patience and understanding during this difficult time.

This communication is provided solely for the purposes of notifying you to communicate in writing only and does not constitute an acknowledgement of the alleged debt described above.

Sincerely,


[your name]
[complete mailing address]
[phone number]
[account number]

Here is a sample letter for you to use. Just replace the sections in red with your own personal or recent information. Sample Credit Card Cancellation Letter. Date.

sample letter for cancellation of credit facility
Written by Gorn
Write a comment