We have just receive your order dated _________________, for the supply of ________________ (items). Though we are very much interested to do business with you, we fear we cannot entertain your present order because your account is due for 6 months. We are worried about your credit worthiness.
We have a large number of open accounts which brings pressure on our financial position. Your order will be passed to despatch section to keep goods ready for delivery. In the meanwhile, will you kindly arrange to send a cheque of Rs.___________________ to close your previous open account.
Please be sure that we are glad to serve you but are waiting for your remittance.