Common use of Credit reference agencies Clause in Contracts

Credit reference agencies. 5.6.1 If you have fallen behind with payments and the amount owed is not disputed, and proposals we are satisfied with are not in place following our formal demand, we may provide information to credit reference agencies about the debt you have with us. 5.6.2 If we decide to provide your details to credit reference agencies, we will give you at least 28 days’ prior notice. When giving you notice, we will confirm what information we plan to provide about the debts you owe us, the role of credit reference agencies and the effect the information we provide may have on your ability to obtain credit in the future. 5.6.3 We may give credit reference agencies other information about the day-to-day running of your account.