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The video tutorial explains the difference between a consumer credit application and a job application. Both applications seek similar information, such as social security numbers, addresses, and references. The key distinction is that a consumer credit application is a request for immediate access to an extension of your own money, while a job application is a request to perform work in exchange for earning your own money. Essentially, both applications involve requests for something, but they pertain to different contexts—one financial and the other employment-related.