Billy Davis has applied for a $9,000 loan to buy a pre-owned automobile. As credit manager of A-1 Finance Corporation, you learn during a credit check that Billy is behind on payments for debts on several credit cards, a home mortgage, and child support. He does not meet the qualifications of a good credit risk with your corporation.Write Billy telling him that you must refuse his credit request on the $9,000 automobile. Add necessary details.