The Personal Credit Application Form Template by WPForms is a document that lenders can use to evaluate candidates for a potential loan or any other type of credit request based on a set of predefined criteria.
How Does the Personal Credit Application Form Template Work?
The Personal Credit Application Form Template is powered by the WPForms Pro License and the Signature Addon to accurately record information from the applicant and acquire their consent for credit checks. Here’s a breakdown of what the template includes:
- Applicant Personal Information:
- Full Name: Collects the applicant’s legal name.
- Date of Birth: Verifies the applicant’s age and eligibility.
- Marital Status: Information that might impact financial responsibility.
- Dependents: Number of people financially reliant on the applicant.
- Phone Number: Direct contact number for communication.
- Email Address: For sending confirmations and further instructions.
- Employment and Income Information:
- Residential Address: Details of the current living situation.
- Current Employer: Name of the company or employer.
- Position/Title: Job title or position at the current workplace.
- Employment Duration: How long the applicant has been employed there.
- Employer Phone: Contact number for employment verification.
- Gross Monthly Income: Total income before taxes and deductions.
- Other Income Sources: Any additional income outside of employment.
- Housing Information:
- Housing Status: Owns, rents, or lives with family.
- Monthly Rent/Mortgage Amount: Financial commitments towards housing.
- Length of Residence: Stability in current residential status.
- Credit History:
- Have you ever declared bankruptcy?: Indicator of financial history.
- Have you ever defaulted a loan?: Previous loan repayment behavior.
- Have any judgments ever been entered against you?: Legal financial obligations or issues.
- Requested Credit Amount: The amount of credit being applied for.
- Terms and Conditions:
- Checkboxes: Any stipulations and applicant’s agreement.
- Signature and Date: Applicant’s agreement and acknowledgment of the information provided.
Sign up with WPForms today and access the Personal Credit Application Form Template to ensure an efficient journey to credit approval, while empowering your clients to achieve their financial goals.
