CREDIT REPORTS definition

CREDIT REPORTS. You agree that we will obtain credit reports about you, investigate your ability to pay, and obtain information about you from other sources including information to verify and re-verify your employment and income. And you agree that we will use such information for any purposes (for example, marketing to you or evaluating you for a new Account), subject to applicable law. You agree that we will give information about the Account to credit reporting agencies. We will tell a credit reporting agency if you fail to comply with the terms of this Agreement. This may have a negative impact on your credit report. If you believe information we have given to a credit reporting agency is incorrect, write to us at: American Express Credit Bureau Unit, P.O. ▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇. When you write to us, tell us the specific information you believe is incorrect. Default: We may consider your Account to be in default if: • you violate a provision of this Agreement, • you give us false information, • you file for bankruptcy, • you default under another agreement you have with us or an affiliate, or • we believe you are unable or unwilling to pay your debts when due. If we consider your Account in default, or if you become incapacitated or die, we may, to the extent permitted by federal and applicable state law: • suspend your ability to make charges, • cancel or suspend any feature on your Account, • require you to pay more than your Minimum Payment Due immediately, and • cancel the account and require you to pay the account balance immediately. Collection costs: You agree to pay all reasonable costs, including attorneys' fees, that we incur to collect amounts you owe.

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CREDIT REPORTS. You authorize us to obtain credit reports as we deem necessary for purposes of determining future credit opportunities with you and you authorize any person, association or corporation to furnish, on our request, credit reports. You also authorize us to furnish information concerning your Account(s) with us to credit reporting agencies.

CREDIT REPORTS. By applying for this account, you agree that MidFirst Bank, acting directly or through its 1st Century Bank, division may obtain credit reports for purposes of processing your application and for later purposes related to your account such as increasing the credit line and for collection purposes. Upon your request, you will be informed of whether or not a credit report was requested and the name and address of the consumer reporting agency that furnished the report. You also authorize MidFirst Bank to verify your employment, income and other relevant information. NOTICE TO CARDHOLDERS AND AUTHORIZED USERS: 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. IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT: To help the government fight the funding of terrorism and money laundering activities, the USA Patriot Act requires all financial institutions to obtain, verify and record information that identifies each person (including business entities) who opens an account. INFORMATION SHARING WITH VISA: We may share nonpublic personal information with VISA U.S.A., its Members or their respective contractors for the purpose of providing Emergency Card Replacement or to meet other types of reporting requirements related to membership in the association. By signing the application and making purchases, you consent to the release of this information to VISA U.S.A., its Members or their respective contractors for these purposes. Page 3 CREDIT CARD APPLICATION DISCLOSURE MILITARY LENDING ACT: Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependents may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). Married applicants may apply for separate accounts in their own names.

Examples of CREDIT REPORTS in a sentence

• YOU GRANT SPOT ACCESS TO AND THE RIGHT TO REVIEW THE INFORMATION IN, AND YOUR REFERENCES SUBMITTED WITH, THE SERVICE PLAN, AND OBTAIN YOUR CREDIT REPORTS AND CREDIT HISTORY, AND/OR ALL OTHER RELEVANT INFORMATION AND MATERIALS THAT SPOT REASONABLY BELIEVES IS DESIRABLE FOR THE PURPOSE OF IDENTIFYING YOUR FINANCIAL STATUS AND CREDITWORTHINESS.

• YOUR SIGNATURE INDICATES THAT YOU HAVE READ, AGREE TO AND ACCEPT ALL THE TERMS AND CONDITIONS ON THE FRONT AND BACK SIDES OF THIS CONTRACT, IF YOU HAVE SELCTED A BUDGET PLAN, YOU HEREBY AUTHORIZE US AND OUR AUTHORIZED AGENTS TO OBTAIN YOUR CREDIT REPORTS FROM ANY CREDIT OR CONSUMER REPORTING AGENCY CHOSEN BY US FOR THE PURPOSE OF DETERMINING YOUR CREDIT WORTHINESS.

• WE AUTHORIZE SELLER OR SELLER’S AGENT TO ORDER A CREDIT REPORT(S) TO DETERMINE OUR CURRENT CREDIT WORTHINESS.

• By /s/ ▇▇▇▇ ▇▇▇▇ ------------------------------------ Name: ▇▇▇▇ ▇▇▇▇ Title: PRIME CREDIT REPORTS, INC.

• I HAVE AUTHORIZED THE LESSOR AND ITS AFFILIATES AND DESIGNEES TO USE MY CONSUMER CREDIT REPORTS FROM TIME TO TIME IN ITS CREDIT EVALUATION AND COLLECTION PROCESSES, AS WELL AS TO OFFER FUTURE CREDIT PRODUCTS AND SERVICES.

• IN NO EVENT SHALL TRANS UNION BE LIABLE TO RESELLER IN ANY MANNER WHATSOEVER FOR ANY LOSS OR INJURY TO RESELLER RESULTING FROM THE OBTAINING OR FURNISHING OF CREDIT REPORTS AND, FURTHER, RESELLER AGREES TO HOLD TRANS UNION HARMLESS AND INDEMNIFY IT FROM ANY AND ALL CLAIMS, LOSSES AND DAMAGES ARISING OUT OF THE ISSUANCE OF SUCH REPORTS OR THE FAILURE OF RESELLER TO KEEP AND PERFORM ANY OF ITS OBLIGATIONS DESCRIBED HEREIN.

• DEALERTRACK IS NOT ACTING AS A CREDIT BUREAU REPORTING AGENCY IN AND OF ITSELF, AND CMSI AND SHARED FINANCIAL INSTITUTIONS ARE TO REFER TO THE SPECIFIC CREDIT BUREAU(S) WHEN MAKING REFERENCE TO ANY CREDIT REPORTS.

• I, THE UNDERSIGNED TENANT, AUTHORIZE AND INSTRUCT LANDLORD TO OBTAIN SUCH CREDIT REPORTS AND TENANT SCREENING REPORTS, INCLUDING CRIMINAL BACKGROUND CHECKS, AS LANDLORD DEEMS NECESSARY OR PRUDENT, AND AUTHORIZE AND INSTRUCT ANY AND ALL CREDIT REPORTING AGENCIES AND TENANT SCREENING SERVICES OR CRIMINAL RECORDS SERVICES OR REPOSITORIES TO PROVIDE SUCH REPORTS TO LANDLORD.

• ALL CREDIT REPORTS (AND THE INFORMATION CONTAINED THEREIN) ARE PROVIDED ON AN “AS IS” OR “AS AVAILABLE” BASIS.

• IN NO EVENT SHALL TRANS UNION BE LIABLE TO CUSTOMER IN NAY MANNER WHATSOEVER FOR ANY LOSS OR INJURY TO CUSTOMER RESULTING FORM THE OBTAINING OR FURNISHING OF CREDIT REPORTS AND, FURTHER, CUSTOMERS AGREES TO HOLD TRANS UNION HARMLESS AND INDEMNIFY IT FROM ANY AND ALL CLAIMS, LOSSES AND DAMAGES ARISING OUT OF THE ISSUANCE OF SUCH REPORTS OR THE FAILURE OF CUSTOMER TO KEEP AND PERFORM ANY OF ITS OBLIGATION DESCRIBED HEREIN.

More Definitions of CREDIT REPORTS

CREDIT REPORTS means credit bureau reports, or account information from similar services, and also includes references from other financial institutions with which you maintain or have maintained accounts or other banking or business relationships;

CREDIT REPORTS. We may release information to others, such as credit reporting agencies or other creditors, about our experience with you and this Agreement. We may obtain a credit report on you at any time in the future to review your information and activity regarding this Agreement.

CREDIT REPORTS is defined in Section 8.18 hereof.