New Client Credit Application Form: Fill & Download for Free

The score will be based very much at the application level not as a general score available from the likes of Experian Graydon etc.When I am making risk assessment on a new client I will issue a Credit Application form for completion by the applicant for return to me. The main things I need are:The applicant(s) [if it is to be a joint operation]Their address(es) again say they work from own homes.The correct legal form: i.e. they are a sole trader, business, i.e are not registered at Companies House, or they are indeed a properly incorporated Limited Company, registered at Companies House, in which case I will need to know their Directors Verifications.In the case of 3. I will also require the Directors Home Addresses, again for verification at Companies House.The date the company /business started trading, along with any previous trading names. If individuals whether they have been known under other names (this is actually aimed at women who may have been married, I would need their maiden name so I can trace them as well the date the got married.Linked to 5 above (and the same would for men) whether they have ever changed their name by Deed Poll, of entered the UK in the last 10 years and changed their name and now hold a UK Passport. (The main reason for this would be to check they are able in law to work in the UK a precaution for me not to employ illegal immigrants) .I would also want their Registered Company Number, and Registered Address (again for verification by Companies House).If they are large enough and not a Limited Company, their last 2 years Profit & Loss Accounts and Balance Sheet. (This is to give you a trend on the position of the company, i.e. stable, improving or depreciating).Amy other relevant information.Once all this information is received and assessed and along with other information, then I can make a decision, since from this I can created my own risk assessment and therefore my own “Credit Score” (which is basically create to calculate a risk assessment.Once you have started trading with other companies, and more so if you take loans through formal Credit Providers as Banks and similar lenders, then you can start to create a formal Credit Score with the likes of Experian or Graydon International.I hope this helps.Chris R- London

KYC is short for Know Your Customer. The KYC process is required so that financial organizations and other regulated institutions can verify the identity of their clients by providing a few official documents. It has been implemented by RBI since 2005 to prevent money laundering and other fraudulent activities.Financial institutions are required to incorporate a few key elements while framing a valid KYC policy. These elements are as follows –Policy regarding customer acceptance.Procedure regarding customer identification.Monitoring transactions.Risk management.Documentation required for KYCThe following documents are required during the KYC process –Proof of identity –PAN.Aadhaar card.Passport.Voter ID.Driving License.Any ID card with a photograph issued by any central or state government body.2. Proof of address –Most recent electricity bill.Landline phone or post-paid phone bill that should not be older than 3 months.Rental agreement.Demat account statement.Ration card.Voter ID.Aadhaar card.Passport.In order to complete the KYC process, one needs to submit the above-mentioned documents along with the KYC application form, proof of date of birth, and passport size photograph.An individual is required to go through the KYC procedure in several situations. Some of which are mentioned below -While applying for a new credit card or loan, an applicant has to provide KYC documents.An individual has to complete a KYC procedure while opening a new bank account.An individual who is looking to invest in fixed deposit, mutual funds, and the like has to comply with the KYC procedure.KYC procedure aims to bring in transparency to financial dealings and prevent money laundering and other fraudulent activities such as identity theft, illegal financing, and several others. The process does so by understanding their clients properly through documents issued by a neutral and reliable institution.

I found a loophole in consumer credit law that enabled me to “borrow" a total of over £40k and pay none of it back :)I was a drug user and eventually heroin addict in the 80’s & 90’s. So although I worked full time and sometimes had 2 jobs, money was always short.This was at a time when there was no internet, nobody much had mobile phones, and computers were pretty basic.I'd been working at a marketing company creating databases for clients - it gave me an insight into the limitations of systems at the time.So when I decided to try to get a credit card, only the second in my life, I noticed something that made me wonder. (At the same time unbeknownst to me others had discovered this loophole — and were advertising their services to others, to get them out of paying their credit card debts…wish I'd thought of that too!)At the time, you got a credit card by ringing up Barclaycard or Midland Bank or Abbey National or whoever (or cutting out and filling in a little coupon from a magazine), and they sent you an application form. You fill in the form, and send it back. They work out if you can afford it or not - and *maybe* ring your employer to check you work there, but probably not) … and if you qualify (you would do, as long as you exaggerated your earnings, and said you'd been living at your address for over 3 years) … they then sent you, both together in the same post —— 1) your shiny new credit card, and 2) a Consumer Credit Agreement to be signed by you and returned to them to form your contract.I wondered:… what if I *don't* sign the Agreement and send it back?So I didn't. I figured - correctly, as it transpired - that, essentially:No signed Agreement = No Contract = Unenforceable debt! ie, they couldn't legally make me pay it back!(I must stress that this loophole was closed a good few years ago. It won't work now!! And in any case, it's all online now.)So I spent, spent, spent to my heart's — and habit's — content. I took out several more credit cards snd even a few loans that operated in a similar way - they sent out the cheque before they'd checked that the signed Agreement had come back.Of course, because of my lifestyle I moved around a lot too. Many of these Banks and credit card companies simply never managed to trace me to chase up the debts.But those that did, after a lot of threats and bluster and bluff, had to concede that under the law at the time, we had no legal written contract! — and therefore they couldn't take me to court. Because they couldn't produce a written contract, the debts were effectively legally unenforceable!.I didn't know anyone else had spotted this loophole… I couldn't exactly ask anybody. And, again - no internet to find out!But one day, a few years after I had cleaned up my act, I was listening to the BBC Radio4 finance show ‘Money Box', and there was an article on new legislation to close the loophole (that I'd forgotten about by then)...Made me smile to think, for once, I was cleverer than the stuffed shirts and fat cats :-)