Credit Application Form and Some Formulas to Know
For those who want to pleasant the customers in rolling the business, of course providing the credit application will be the good idea to do. Yes, this matter will be useful, especially to ease the customers getting your business. Besides, the credit application actually is also a good way to extend and to enlarge your business. Here, we will talk about the credit application form to help you.
Well, sometimes, you need the form in order to give the credit application with the easier way. I am sure that the form will be helpful since you just need to write the data of customers there. Well, here, we will talk about the details of the credit application form here. Please take a sit and read some points inside the writings below.
The Formulas Inside the Form
With the kinds of the form, of course, you will be able to give the credit application easier. However, in making the detail of credit application form, you need to know the formulas inside it. Yes, there are some matters inside the credit application, which you should pay more attention. Well, the kinds of those formulas as:
- Income verification
The verification of the income is very important to think. Here, for the individuals, this matter means that you will want the tax document, the statement of the bank, or the number of HR department to confirm the detail information of the employment. Then, for the business matter, you may ask about the profit or loss statement, bank statement, tax document or other information to show the regular of the profit.
Here, you also need to ask about the financial reference. For the consumers who apply the credit, this matter means banks, credit account and any similar matter. The, for the business applying the credit, it means vendor or another creditor that maybe they have.
It is also an important matter inside the form of credit application. The addresses should be the recent place that people live there at least two years. Here, by this matter, you want to know about the detail of the states, countries or the town that the individual lived there. For the business, you will need the address of the company.
- Contact phone number
For the individual, this information is about the cell phone, home phone or the work phone number. Then, for the business matter, you need to know who is the hand of responsibility in paying the invoice.
- Tax ID and other identifying information
For the individual, this matter means their security number. Then, for the business, this matter means the tax ID and the employer ID.
- Background information and assets
For the individual, here you will want the names of their last two employees, the date of employment, and some other information. Then, for the employee, here you need to know the type of equity that they can offers.
Well, that is all about the credit application form. For the examples, you could look for it by the online matters.