• Abstain From Writing A Credit Reference If Your Not 100% Sure:

If for whatever reasons you’re not completely comfortable writing a letter of credit reference to a person, don’t write it. Writing a letter of credit to a person, it’s a serious deal with possible consequence, however, it’s not only putting your business on the line, in addition to, your upstanding name. If you’ve had whatever reason to believe that this client has been late with payments repeatedly, or you’ve had a run in with them in the past few years that didn’t resolve pleasantly, again just don’t write it.

• Using Proper Business Format:

When writing a letter of credit reference, as with a business type or form or letter you’ll utilize a proper business format. Block formats, the typical for business relations, top left should be the company/individual who will be reading it along with the business address. Top right should be “you”, the person writing the letter along with your business name and address, in conclusion, drop-down, compile your letter. Using Arial or Times New Roman, remain the standard font for business forms and letters.

• Being Direct, Strait To The Point:

Strait forward, to the point, as to which, you’re writing the letter of credit reference for, also why, leaving out anything that doesn’t apply to the subject at hand, nevertheless, factual/relevant statements. Don’t forget all dates, years, account numbers, etc.

• Have All Dates, Account Numbers And Pertaining Information:

Here, you’ll prepare with all necessary paperwork, dates, times, account numbers, etc, also, how long you’ve known this person and how long they have dealt with your company. In addition to, you’ll mention a late payment or two, if there were a particular hardship behind it and that they contacted yourself right away and kept in contact until said account returned up to date. Also, how long it took to achieve this, provided, said client made every effort to remedy the situation, in a timely/efficient manner.

• State How Long You Have Had Business Dealings With Client And Business Relationship:

Here’s, where you’ll delve into your working relationship with this client and for how long and if there’s a prior friendship there that goes back before whatever business dealings. Have they always been responsible? Were there late payments? Why? Also, if his/her businesses, conducted with integrity, respect, also, the amount of dealings you’ve had with this client, personally.

• Put Any Negative Information Into Context:

There’s usually an explanation for everything therefore, putting all negative information into context, critical. As a result of something happening years ago, for example: fifteen years ago you had an argument with said client John Doe over his/her credit account, don’t mention it here. It has no bearing on your relationship today, or on his/her credit standing after the fact. In conclusion, only business dealings, that have a bearing or relevance, over the last two to three years.