Response Letter

A Response letter is a reply to an invitation or offer. This response can be positive or negative; that is, a positive response means an acceptance of the invitation/offer while a negative response means a decline. It is a courteous practice to respond to an invitation or offer whether the response is positive or negative.

From:
Barry Duncan
4561 Crescent Avenue
New Braunfels, TX 78130
May 14, 2010

To:
Samuel Flint
Credit Manager
First World Bank
6530 Mayor Street
Florence, KY 41042

Dear Sir

RE: Decline on Loan Offer

Thank you for your kind loan offer of $10,000 as per your letter dated May 1, 2010. I will have to decline this offer at the moment as I do not have any financial needs which require such a loan.

As it is, I am currently servicing a housing loan of $25,000 from your financial institution with a balance of $3,500 which should be settled in a couple of months as per the loan agreement.

Hence, please cancel off the new loan offer to me so that I will not be incurred extra financial charges. This letter serves to inform you that I decline the loan offer of $10,000 from First World Bank to me and that no financial charges shall be incurred upon me.

Thank you.

Yours sincerely
Barry Duncan