"Credit Reference Request Template"

What Is a Credit Reference Request Form?

A Credit Reference Request Form is a document completed to ask any company or financial institution you have worked with at some point in time for a reference required to obtain credit from a third party. Whether you are opening an account in a new bank, preparing to enter into a transaction with another party, or looking to rent an apartment, prepare a request for a credit reference - the latter document will provide your potential lender or counterpart with financial details - items on your credit history, tax debts, and potential defaults.

Alternate Name:

  • Credit Reference Request Letter.

If you need a Credit Reference Request Letter template, you can download it below.

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How to Fill Out a Credit Reference Request?

Before you complete a request for a credit reference, consult with your future service provider or lender to see whether they have special instructions or templates to fill out. For instance, they may prepare a list of questions with "yes" and "no" answers to facilitate their background checks. If the Credit Reference Form does not comply with the lender's requirements, it will not be useful for you. Before you send a Credit Reference Request, draft a Credit Report Authorization Form for your prospective lender - it will allow them to look into your company and learn more about your creditworthiness.

Here is how you prepare a Credit Reference Request:

  1. Write down your name and contact details;
  2. Explain the reason for your request - name the company or institution that needs the assistance in making a credit decision and ask the reference provider to share the details of your professional relationship;
  3. Indicate the information you need to see in the reference - credit limit, present balance, history of payments, late payments, time the account has been opened, etc. The details in the reference depend on the type of organization you are requesting a reference from - if it is a business you have entered into agreements with, they can make their reference more personal by sharing their experience of working with you;
  4. Give the letter writer an explicit authorization to share your personal financial status;
  5. When composing a letter, ask for a favor politely - otherwise, you may not get a reference you are seeking;
  6. Explain where to send the reference when it is ready - you may want to see it first or the letter writer can just send it directly to your future lender;
  7. Sign the request and offer to stay in touch in case the letter writer needs to clarify certain details.

Prepare several Credit Reference Requests and mail them to various organizations you have dealt with in the past or at the moment. Do not wait for one specific reference, especially if you are looking for a trade reference. Note that a bank Credit Reference Request is easier to obtain - while a business owner can simply deny your request, a banking institution will likely supply you with much-needed information.


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Credit Reference Request
[Your Address]
[Your Logo]
To: ________________________________
Re: [Subject]
Your firm has been given to us as a credit reference by the subject company. In order
for us to provide your customer the best service possible on a new order they have
placed with us, we would appreciate it if you would complete the information below
and return the form to us at our [Fax Number] or mail it to us in the enclosed
postage-paid envelope.
All information you give us will be held in strict confidence and used for credit
purposes only, and we would be happy to reciprocate on request.
Sincerely:
________________________________
Credit Manager’s Name
________________________________
Credit Manager’s Title
_______________________________
_______________________________
Date of first sale
Amount now owing
_______________________________
_______________________________
Date of last sale
Amount past due
_______________________________
_______________________________
Recent high credit
How old
Terms of sale: _________________________________________________________
Pay history: ___________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
©​ ​ ​ ​
T EMPLATEROLLER.COM​
Credit Reference Request
[Your Address]
[Your Logo]
To: ________________________________
Re: [Subject]
Your firm has been given to us as a credit reference by the subject company. In order
for us to provide your customer the best service possible on a new order they have
placed with us, we would appreciate it if you would complete the information below
and return the form to us at our [Fax Number] or mail it to us in the enclosed
postage-paid envelope.
All information you give us will be held in strict confidence and used for credit
purposes only, and we would be happy to reciprocate on request.
Sincerely:
________________________________
Credit Manager’s Name
________________________________
Credit Manager’s Title
_______________________________
_______________________________
Date of first sale
Amount now owing
_______________________________
_______________________________
Date of last sale
Amount past due
_______________________________
_______________________________
Recent high credit
How old
Terms of sale: _________________________________________________________
Pay history: ___________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
©​ ​ ​ ​
T EMPLATEROLLER.COM​