Posts

LeoGlossary: Credit Application

avatar of @leoglossary
25
@leoglossary
·
·
0 views
·
1 min read

A form to be completed by an applicant for a credit account, giving sufficient details (residence, employment, income, and existing debt) to allow the seller to establish the applicant's creditworthiness. Sometimes, an application fee is charged to cover the cost of loan processing.

Posted Using LeoFinance Beta