When an object is bought without paying money, it is said to have been purchased on credit. The credit application letter is usually issued by guarantors, bankers and the person who give surety in case the debtor is not able to make the payment of the dues. The letter should be drafted in a way that it should take into confidence the owner of the goods regarding the sincerity of the party.
A credit application letter is a request made to the concerned authority to extend the credit period. It can be done orally, but it is wise for you to write a letter so that the record is maintained.
Use our free Credit Application Letter to help you get started.
______________ (Your name)
______________ (Your address)
Date: __________ (date of writing letter)
__________ (customer’s name)
__________ (customer’s address)
Dear Mr. /Ms__________ (name of the concerned person),
We are happy to know that you are interested in the company and we work hard to serve the best to our customers. You have been one of the most valuable clients of our business.
We have attached a credit application form with this email so that we know what our customers like and dislike about our services. The information that we need from you is private, so we make certain to keep the details protected.
(Mention the reasons why you want them to fill the credit application form)
(Mention how will it help them and the company)
Kindly fill the form and send back to us. We will provide you the third-day payment term after the approval of the form.
Thanks and regards,
……………………….(name and designation)
From,
Rajesh Koothrapalli,
45 Winston Place,
Tower Drive,
Hyderabad
45, Highrise Towers,
Subject: Credit Application letter
We are glad that you have an interest in our company for business purpose and we strive to serve our customers to the best of our interests. We recognize the fact that you have been a valuable customer for our company for the past several years.
We request our customers to give a credit application so that we can offer our products at competitive and reasonable prices. We are aware of the fact that the information we request is sensitive. However please understand that we seek the same information from all our customers so that we can protect you from making payment of higher prices because of other persons’ bad credit.
We request you to fill up the enclosed application form and send it back to us at the earliest. We can offer you a thirty-day payment term after approval.
Looking for a favorable response,
Below is an email format of a Credit Application Letter.
To: name@email.com
From: name@email.com
Dear Mr. /Ms__________ (name of the concerned person),
We are happy that you have a business interest in our company and we always strive to serve our customers to the best of our abilities. You have been one of our valued customers all these years.
We are seeking a credit application form from our clients so that we can offer them our goods at competitive and reasonable prices. Though we are aware of the fact that the information we want is sensitive, we give you an assurance that the same information is sought from all the customers so that we can give protection to you from making payment of higher prices because of the fault of other clients’ bad credit.
We have enclosed a credit application letter along with this letter. Please fill in the details at the earliest and send it to us. After we receive the letter from you, we can give you a thirty-day payment term after approval.
Thanks and regards,
……………………….(name and designation)