Explanation is Key When Denying Credit

Answered using GPT-4o mini by AI Answer Generator

Question:

When denying credit, the major portion of the message should be _____.

a. suggestions for improving a credit score	
b. an explanation for the denial	
c. a referral to a credit agency	
d. an attempt to retain the customer on a cash basis 	
Answer:

The major portion of the message when denying credit should be b. an explanation for the denial. Providing a clear explanation helps the recipient understand the reasons behind the decision and can also help them address any issues that may improve their creditworthiness in the future.