Common use of Notice of Negative Information Clause in Contracts

Notice of Negative Information. Federal law requires us to provide the following notice to members before any “negative information” may be furnished to a nationwide consumer reporting agency. We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account may be reflected in your credit report.

Notice of Negative Information. Federal law requires us to provide the following this notice to members before you prior to the furnishing of any “negative information” may be furnished to a nationwide consumer reporting agencyagency that compiles and maintains files on consumers on a nationwide basis. “Negative information” means information concerning your delinquencies, late payments, overdrafts, or any form of default. Having provided this notice, we may submit current and future negative information to a consumer reporting agency without providing additional notices to you. We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account may be reflected in your credit report.

Notice of Negative Information. Federal law requires us to provide the following notice to members before any “negative information” may be furnished to a nationwide consumer reporting agency. We “Negative information” includes information concerning delinquencies, overdrafts or any form of default. This notice does not mean that we will be reporting such information about you, only that we may report such information about your account members that have not done what they are required to credit bureausdo under our agreement. Late paymentsAfter providing this notice, missed payments, or other defaults on your account additional negative information may be reflected in your credit reportsubmitted without providing another notice.