Common use of Credit reference agencies Clause in Contracts

Credit reference agencies. We may obtain information about you from credit reference and fraud prevention agencies and our records to check your credit status and identity that will include checks on the electoral register. The agencies will record our enquiries which, whether this application proceeds or not, may be seen by other companies who make their own credit enquiries. We may use credit scoring. Your information may already be linked to others with whom you have a financial association and your application may be assessed using credit reference agency records. A financial association is with others with whom you have or have had a joint account or have jointly applied for credit or have declared to be linked financially. All parties’ information will be taken into account in future applications until one of you successfully files a ‘notice of disassociation’ at the credit reference agencies. You can however choose to be treated as financially independent of any person (except for another party to this application). If you do so, by signing this Agreement you declare that you believe your associate’s finances will not affect our decision and agree that we may check your declaration. We may decline your loan application if we find that your declaration is inaccurate. If you want to be treated as financially independent for this application, please call 0000 000 0000 to proceed with your application. If you give us false or inaccurate information and we suspect or identify fraud we will record this and may also pass this information to fraud prevention agencies and other organisations involved in crime and fraud prevention.