credit application
[/ˈkredɪt ˌæplɪˈkeɪʃən/]
nounpl: credit applications
solicitação de crédito
1. A formal request submitted to a financial institution for approval to borrow money or obtain credit
I submitted my credit application to the bank last week.
Enviei minha solicitação de crédito ao banco na semana passada.
2. The document or form containing personal, financial, and employment information required by lenders to assess creditworthiness
The credit application requires proof of income and employment history.
A solicitação de crédito exige comprovação de renda e histórico de emprego.
3. The process of applying for a loan, credit card, mortgage, or other form of credit
My credit application was approved within three business days.
Minha solicitação de crédito foi aprovada em três dias úteis.
In Brazil, credit applications are common for mortgages, car loans, and personal loans. Banks typically require extensive documentation including proof of income (contracheque/holerite), tax returns (IR), and references. The process can take several days to weeks. In the USA, credit applications are also standard practice, but applicants rely heavily on credit scores and reports from bureaus like Equifax, Experian, and TransUnion. The Brazilian system tends to be more document-heavy, while the American system is more score-based.
Related Idioms & Phrases
apply for credit
submit a credit application
credit application approval
reject a credit application
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