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A credit reference gives a credit card issuer, lender, landlord, utility or employer a snapshot of your financial responsibility. The most common type of credit reference is a credit report.
Anyone who has provided the applicant credit or had a financial relationship can serve as a credit reference. Applicant's credit card company, local bank, investment firm, past landlord, or a local business that offered a payment plan are examples.
Personal references from friends and family could also serve as credit references. These statements could attest to your character and values which may confirm your creditworthiness. It could also help explain any discrepancies in your financial history.
How to write this credit letter: State the purpose of your letter and mention the customer by name. If necessary, indicate the confidential nature of the information. Give the requested information. If appropriate, refer to any forms or reports you may have enclosed with your reference.
Anyone who has provided the applicant credit or had a financial relationship can serve as a credit reference. Applicant's credit card company, local bank, investment firm, past landlord, or a local business that offered a payment plan are examples.