Using your credit Clause Samples
The 'Using your credit' clause defines how a party may utilize any credit or credit balance they have with the other party under the agreement. Typically, this clause outlines the circumstances under which the credit can be applied, such as offsetting future payments, purchasing additional services, or settling outstanding invoices. Its core function is to provide clear guidelines for the application of credits, ensuring both parties understand how and when credits may be used, thereby preventing disputes and promoting transparency in financial transactions.
Using your credit. You agree to use your credit for the purpose stated in your application. If your credit is to pay off one or more debts, you agree that we will pay off those debts on your behalf before you will be able to draw your new credit from us.
Using your credit. We will provide you with a card and security details soon after opening your account. You must keep them safe as they give access to your credit. Once we have opened your account you can use it to make transactions that do not need a card. You will be able to make other transactions when you have received your card. We may ask you to activate your card.