Many companies work together and often extend lines of credit to each other. When this happens, the company extending the line of credit must know some background information about the other company. Most people assume that businesses can be trusted to pay their bills on time, but this is not always true. Your company must have credit references for any company that you consider for a line of credit. This will help you make an informed decision to prevent problems in the future.

Accounts Payable,

We have received the name of your organization as a credit reference for (Insert Company Name Here).

Please provide us with any information you deem appropriate in reference to your credit relationship with this company.

The information you share with us will be held in strict confidence and will be used for credit purposes only. Please reply with the following information:

Year of First Sale:
Highest Credit Last 12 Months:
Amount Now Owing:
Amount Past Due:
Terms of Sale:
Promptness of Payment:
Special Comments:

Enclosed for your convenience is a self-addressed return envelope. Your response is greatly appreciated.

Sincerely,