We thank you for the application which we have received recently. We have carefully considered your letter and, we regret to inform you that your application cannot be approved because of the following reasons:
Firstly you’re income is not up to our minimum requirement and you will not be able to make the payments on the amount. Secondly your employment does not qualify our requirements and it could not be verified. Thirdly, your history of credit of making the payments on time was not satisfied and hence could not be verified. Finally your application lacks sufficient requirement of credit references, and also reveals that your current obligations are in excess to your income.
If incase you have any unanswered questions about this letter, you are very much free to contact us by mail at the Creditor’s name and the address, along with the telephone number.