When some object is purchase without payment of cash, it is said to be purchase on credit. The credit application letter is issued by Bankers, guarantors and the assuror who takes the responsibility to pay the dues in case the debtor is not able to fulfill the dues. It should be drafted in such a way that the letter itself should take the seller or the owner of goods in confidence about the party’s sincerity.
Latonya Laurie Conner,
14710 Fourth St NE
Andover, MN 55304-6056
23rd October 2010.
Subject: Credit application letter.
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?