A Request for Credit Application is a form used by a business to request information from a customer before granting them credit. This form is typically used when a business wants to offer a customer credit, but needs more information about the customer's financial situation before approving the credit. This form is also sometimes referred to as a Credit Inquiry Form. There are two types of Request for Credit Application: an informal request and a formal request. An informal request is typically used when a customer is already familiar with the business and is requesting credit for a purchase. This type of request typically does not require a credit report or financial documentation from the customer. A formal request is typically used when a customer is new to the business and is requesting credit for a larger purchase. This type of request typically requires a credit report and other financial documentation from the customer.