Credit Application

Credit Application / New Customer Form
Protect yourself from the beginning

We provide business owners with the tools to protect their cash flow and profit from slow payers and bad debts. We only use tested and proven collection tools to achieve these results.

By using our Credit Application / New Customer Form it gives you the power to protect yourself from the beginning of your business relationship.

It lets you know who you are dealing with and can help you recover your debt collection costs.

We also include a director's guarantee so you can additionally perusee them personally for the outstanding monies.

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Credit Application / New Customer Form
Directors / Personal Guarantee Form
Collection Costs Recovery Clause

Prices include GST.

If you give credit you need a credit application!

It is important to make sure that when offering credit to a new customer that you ask your customer to complete and sign your Credit Application Form.

If something goes wrong in the future you can’t turn back the hands of time to fix the problem. You need to anticipate the potential problems that could occur and protect yourself from the beginning of your business relationship.

Not all Credit Applications are the same. You need to get the right information and include the right legal and debt collection clauses for it to provide really benefits and protection.

We will personalise the Credit Application Form for your business by incorporating your logo, contact details and business colour scheme.

5 star rating by customer

Do you know who you are dealing with?

You need to know who you are dealing with before you commence a new business relationship.

You need to obtain upfront information about the business and persons you are about to provide with credit. The best way to obtain this information is to request that your new customer completes and signs your Credit Application Form.

So be smart and protect yourself from defaulting customers.

The information from the Credit Application Form can also be used to make a decision as to their credit worthiness. Credit Reports, Credit Checks and Credit Scoring can be obtained to support your decision as to the amount of credit that you are willing to provide to the new customer.

Remember it is your money and you need to protect yourself.

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Are your collection costs recoverable?

To be able to legally recover your collection costs you need the correct documentation in place from the beginning of your business relationship.

So what do you need to have in place to get it right?

You need a correctly drafted clause that allows you to recover your debt collection and legal costs.
You need to have made your customer aware of this clause before entering into a contract.
You need to make sure that the costs being added are commercially priced and not overstated.
And to make your claim enforceable, you need evidence that your client agreed to the clause.

The best way to achieve this is to make sure that this clause is in your credit application and that your customer signs this application before you commence supply or works.

Includes Directors Guarantee

Did you know that there are around 40 companies that go into liquidation every day? So what happens when a company goes into liquidation?

Collection action stops against the company and you deal with the liquidator. It is unlikely that you will see any return of your money by the liquidator.

So what can you do to help protect yourself?

If you have a personal guarantee with the directors of the company you can peruse them for the outstanding monies instead of the company. For the guarantee to be enforceable:

The guarantee needs to be signed by the guarantor.
The guarantor needs to understand that they are guaranteeing the debts of the company.

You need to make sure that the personal guarantee is in your credit application and that your customer signs this guarantee before you commence supply or works.

How does the credit application make you money?

If a customer defaults on their obligations the more information you know about them the more likely you will get paid. The more you legally secure your debt the more likely you will get paid.

The more you protect yourself from the costs associated with defaulting customers the more profit you make. By using the Credit Application Form it really does make you money!

Enjoy peace of mind knowing that you have a professionally drafted Credit Application Form.

Being proactive can save you thousands!

Great features included

Ability To Add Collection Costs And Interest
The Credit Application Form gives you the ability to add your collection costs and interest costs to the outstanding debt.

It Is Not Expensive
If you were to have a lawyer and graphic artist design the Credit Application Form from scratch it could cost you $1,000's.

Get Your Terms And Conditions Approved
When signing the Credit Application Form, the customer is also at the same time approving your terms and conditions.

Use As Many Times As You Want
The Credit Application Form can be used as many times as you want. There is no additional cost of the number of times it is used.

Simple To Use
The Credit Application Form is very simple for your customers to complete. If they do not complete this is a warning sign.

Shows Branding Of A Debt Collection Agency
The Credit Application Form uses our branding and shows that you have the backing of a debt collection agency.

Interactive .Pdf Form
The Credit Application Form is an interactive pdf form, so your customer can type directly into the form and may sign digitally.

Professionally Designed By A Graphic Artist
The Credit Application Form is professionally designed by a graphic artist and is customised to your colour scheme.

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