When an object is bought without paying money, it is said to have purchased on credit. The credit application letter is usually issued by guarantors, bankers and the person who gives 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.
Credit Application Letter Writing Tips:
- .As it is a formal letter, it has to be simple, precise and easy to understand.
- The content of the letter should be straightforward and short. But at the same time it should contain all the necessary information.
Credit Application Letter Template
To,
__________ (customer’s name)
__________ (customer’s address)
__________
__________
From:
______________ (Your name)
______________ (Your address)
__________________
Date __________ (date of writing letter)
Dear Mr. /Ms__________ (name of the concerned person),
We are happy that you have 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 valuable customers all these years.
We are seeking a credit application form from our customers 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 in nature, we give you 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 customers’ 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)
Credit Application Letter Sample, Email and Example/Format
Sample
Bhaskar Ranjan,
45, Highrise Towers,
Abids,
Hyderabad
30th September, 2013
Subject: Credit Application letter
Dear Mr. Ranjan,
We are glad that you have interest in our company for business purpose and we strive to serve our customers in 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 for is sensitive in nature.
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 favourable response,
Thanking you,
Yours Sincerely,
Arjun Pandit
Email Format
14710 Fourth St NE
Andover, MN 55304-6056
23rd October 2010.
Subject: Credit application letter.
Dear Latonya,
We are pleased of your interest in our company and we hope to serve you to the best of our abilities.
In order that we may provide you with reasonable and competitive prices, we ask all our customers to submit a credit application. We understand that the information we require may be sensitive.
However, rest assured that by requiring the same information from all our customers, we are protecting you from having to pay higher prices for someone else’s bad credit.
Could you please fill the enclosed application and forward it to us at your earliest convenience so that we may extend to you a 30-day payment term upon approval?
Yours Faithfully,
Antonia Ingram.
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