Date： _

　　To： _ [Customer]

　　A review of your account indicates a present balance of $_ owed our firm.

　　Every account is carefully evaluated to establish a credit limit that we believe is consistent not only with our interests， but the interests of the customer as well.  We have established $_， as your credit allowance and believe it is appropriate.

　　Since you are at or near that credit limit， we can ship future orders only on a C.O.D. basis， until your balance is reduced.

　　We would be pleased to review your account with you if you believe an increased credit line is justified¹.

　　We are confident you understand the need for this action.

　　Very truly，

　　________________________________