

We wish you every success in your new business and look forward to establishing a line of credit for you in the near future. We have thoroughly examined the credit information you recently submitted and have concluded that, due to your current obligations, we can best serve you by offering a payment alternative other than credit. Therefore, our credit department suggests that for now we operate on a cash-only basis. From the information we have received, you had difficulty paying your previous supplier in a timely manner. You have been making regular payments on all your current accounts however, because you are unemployed we cannot offer you credit at this time. Until you furnish that information to us, we cannot process your application. The financial information you provided us does not include your current income or your outstanding debts. Because of this, we must delay credit approval until you demonstrate your ability to pay your open accounts. According to your financial statements and our credit information, you are not able to promptly meet all of your current obligations. Your new business venture sounds exciting and challenging however, company policy prevents us from extending credit until a company has been established for at least one year. Although your part-time work record is excellent, you must be employed full time for at least six months before we can offer you a Doe credit card.
