Credit Application Form – Individuals

R 98,00

If you operate your business on a credit basis, ie. Your customers (being individuals, as opposed to business customers) pay you only after goods or services have been delivered, then this template credit application form can be a useful tool. By getting your customer to complete this form before doing business with them, it allows you to accumulate information on the customer, assisting you to ascertain whether you are willing to grant the credit. The Credit Application Form assists you to conduct background checks on the prospective debtor, which will help you to decide whether this is someone who you want to give payment terms to.

Description

CREDIT APPLICATION FORM

(Individuals)

Summary If you operate your business on a credit basis, ie. Your customers (being individuals, as opposed to business customers) pay you only after goods or services have been delivered, then this template credit application form can be a useful tool. By getting your customer to complete this form before doing business with them, it allows you to accumulate information on the customer, assisting you to ascertain whether you are willing to grant the credit. The Credit Application Form assists you to conduct background checks on the prospective debtor, which will help you to decide whether this is someone who you want to give payment terms to.

If you want to grant payment terms to customers who are legal entities, you may be interested in our Credit Application Form for Corporate Customers.

Why do I need a Credit Application Form? A Credit Application Form assists you to collect information about your client, including obtaining a consent to credit checks. With this information, you can conduct various background checks to determine whether the customer is one you want to do business with. The information is also useful if you need to take action against a customer who defaults on their payments.

What does the Credit Application form template say? The template application for credit form calls for the applicant to answer questions and complete information pertaining to: Personal Details; Spouse’s Details; Employment Details; Banking Details; Trade References; Customer’s financials; Consents; Customer Signature; Documents required

What does the Credit Application Form look like? The standard application form can be printed onto three pages.

What do you need to do to use the template Credit Application Form?

  • Read the template application form to ensure that it suits your requirements. Make changes as required.
  • Fill in your details as the Supplier where specified
  • Request your applicant to complete the form before you consider selling goods or services on payment terms.

 Also viewed: Cession of Book Debts

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