Refusal Letter

October 1, 1980

Atty. Teodolo Rojas
345 D. Tuazon Street
Quezon City

Dear Atty. Rojas:

You desire to open a charge account at Harison Enterprises is a real compliment.

As in the case of all those who apply for credit, we made a careful investigation of your capital resources and your ability to handle additional credit.  I believe you will agree that purchasing a new car, two large appliances, and a quadrosonic stereo – while making payments on a new home – is stretching your budget a little too for.  I know that you will understand why you should not endanger your credit reputation by additional credit obligations.

Please continue to allow Harison Enterprises to serve you on a cash basis until such time as you have reduced considerably your present obligations because we do want to be of service to you.  When the circumstances are more favorable, you may be sure that we shall welcome the opportunity of considering your application again.

Cordially yours,

Atty. Domingo Lu
Credit Manager