Common use of Information Correct Clause in Contracts

Information Correct. The Applicant(s) acknowledge that the above information is for the purpose of obtaining credit from the Creditor and is warranted to be true and affirms that any credit given to the Applicant(s) is extended on the basis of the information that has been provided. The Applicant(s) authorize the Creditor to investigate the references listed above and to contact a credit bureau and/or any other sources pertaining to the Applicant(s)’ credit and financial responsibility. The Creditor is also authorized to disclose the above credit information to other credit grantor’s or credit reporting agencies.