32+ Free 32+ Free Printable Credit Application Forms

Download these 32+ Free Printable Credit Application Forms in PDF Format to quickly create and print your own Credit Application easily.

Organizations that work together understand that when a vendor or a client is allowed credit, they are more likely to make bigger purchases. This is often the key reason for offering credit cards to individuals because banks understand that when an individual has credit card, they will make use of it. This is why companies and organizations allow their clients, customers and vendors to have credit limits. This process starts with the individual or a company asking for the credit limit by using a formal request letter known as credit application form.

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1 Key Elements of Credit Application Form:

2 Free Printable Credit Application Forms – PDF Format

3 Market Practices of Credit Application Form:

Key Elements of Credit Application Form:

Name of the applicant (individual or company)
Details of the business i.e. address and contact info
Exact credit requested
Annual sale in case it’s a company
Monthly income in case it’s an individual
Paid tax & tax return documents
Bank account details
Details of the references
Signature of the applicant

Free Printable Credit Application Forms – PDF Format

Here are previews and followed by their Download links for these free Printable Credit Application Forms.

Download link for this Credit Application Form 01 is bellow,

Here is download link for this Credit Application Form 02 – PDF Form.

Download link for this Credit Application Form 03 in PDF Format is bellow,

Here is download link for this Credit Application Form 04 in PDF as well as MS Word Format,

Download link for this Credit Application Form 05 in PDF as well as MS Word DOCX file format is bellow,

Source: PDFFiller

Here is download link for this Credit Application Form 06 in PDF as well as in DOCX file format,

Download link for this Credit Application Form 07 in both PDF and DOCX formate,

Here is download link for this Credit Application Form 08 in PDF as well as in DOCX file format,

Download link for this Credit Application Form 09 in PDF and MS Word format is bellow,

Here is download link for this Credit Application Form 10 in MS Word Format,

Download link for this Credit Application Form 11 is bellow,

Here is download link for this Credit Application Form 12 in PDF as well as MS Word Format,

Download link for this Credit Application Form 13 is bellow,

Here is download link for this Credit Application Form 14,

Download link for this Credit Application Form 15 is bellow,

Here is download link for this Credit Application Form 16 in PDF and MS Word Format,

Download link for this Credit Application Form 18 is bellow,

Here is download link for this Credit Application Form 19 in PDF and MS Word Format,

Download link for this Credit Application Form 20 in MS Word and PDF format,

Market Practices of Credit Application Form:

Adding Complete Details of the Applicant:

When an individual or a company requests for credit or credit extension, it’s important for you to get complete details before approving any credit limit to the applicant. In case an individual i.e. client or customer is asking for credit line, you should ask them to give their full name, contact information, address and their source of income i.e. job or business. On the other hand, if a company i.e. vendor or client is asking for credit limit, you should ask them to add full name of the company, it’s registration number, address, contact information, type of business and the duration of the company i.e. 1 year or 5 years etc. These details will allow you to evaluate the applicant in sense of accepting or rejecting their credit application.

Getting Full Picture of Financial Situation:

In order to allow an individual or a company a credit line, you need to verify if they will be able to make the payments later. This becomes important if you have dealt with bad debts in the past and you don’t want to face the same situation again. When an individual is asking for credit limit, you should ask for their source of income, total income per month and per year, the tax they pay on their income and tax return documents for the past 6 months to 1 year. If it’s a company, you should ask for its type of business, profit statement of their last quarter, the tax they paid and tax return documents. If a company only makes $1 million per year in profits, you will be able to evaluate if you should allow them credit limit of $500,000 per quarter or not.

Details of the Credit Amount:

This part is fairly simple because here the individual will give details of the credit limit they are requesting. This portion should include clear figure of the requested credit amount along with the duration of the credit i.e. $50,000 for 30 days or 60 days which is the most common duration in most cases. If you have good relationship with the applicant, you can allow more credit time to them as well.

Details of the References:

In order to ensure that the applicant will in fact make the payment during the credit timeline, you need to ask each applicant to present at least 3 references. These are the people or companies that confirm the applicant will make the payment eventually and they should be allowed credit limit. Another purpose of asking for reference is to check the reputation of the applicant in the market and if they should be allowed credit at all.

Terms and Conditions:

At the end of the application form, the applicant should declare that the information he added is correct to his knowledge and he confirms that he didn’t lie or gave false figures in the form. This part should also include consent from the applicant that he allows the company to contact given references. At the end, the applicant should sign the form and confirms that he accepts all terms and conditions specified by the company.

Checkout more free and useful Credit Application Forms in PDF as well as in MS Word format,