Common use of Credit Criteria Clause in Contracts

Credit Criteria. Obligors on all Contracts purchased by Company must have supplied the following credit information and meet the following requirements, and Servicer shall perform verification procedures in an industry-standard manner observing due care and procedure: A. Personal reference with address and telephone number. B. Copy of credit application executed by Obligor which contains the necessary information to verify by telephone or otherwise the Obligor's address, employment and personal references and to obtain a credit report from a credit reporting agency. C. Obligor must have a valid driver's license. D. No cosigners, except immediate family members. E. Obligor must be at least 18 years old. To the extent that, in the Servicer's good faith judgement, Contracts which do not satisfy the criteria specified in I(A) through III(A) above may be purchased for a purchase price which would be beneficial to the Company, Servicer may purchase such Contracts. EXHIBIT B MONTHLY REPORT CERTIFICATE For Month: _________, 199__ (the "Collection Period")