CARDWELL FINANCE / Forrest Fitness

FORM CLAUSES - CONSUMER CREDIT

 

Important Notice to Applicant(s) For Credit (Section 18(E)(1) Privacy Act 1988)
Notice of disclosure of your credit information to a credit reporting agency. (Privacy Act 1988)

Cardwell Finance may give information about you to a credit reporting agency, for the following purposes;

  • To obtain consumer credit report about you, and or
  • To allow the credit reporting agency to create or maintain a credit information file containing information about you. 

The information is limited to: 

  • Identity particulars - your name, sex, address, (and previous two address) Date of birth, name of employer, and drivers licence number.
  • Your application for credit or commercial credit - the fact that you have applied for credit and the amount.
  • The fact that Cardwell Finance is a current credit provider to you.
  • Loan repayments which are overdue by more than 60 days, and for which debt collection action has started.
  • Advice that your loan repayments are no longer overdue in respect of any default that has been listed.
  • Information that, in the opinion of Cardwell Finance you have committed a serious credit infringement (that is, fraudulently or shown an intention not to comply with your credit obligations).
  • Dishonored cheques - cheques drawn by you for $100 or more which have been dishonored more than once.
  • The credit provided to you by Cardwell Finance has been paid or otherwise discharged. 

Period to which this understanding applies
This information may be given before, during or after the provision of credit to you.

Statement By Applicant(s) For Credit

Please read carefully before signing. Where there is more than one applicant, each applicant must sign.

1.        Giving information to a Credit Reporting Agency (Section 18E(8)(c) Privacy Act 1988) 

Cardwell Finance has informed me that it may give certain personal information about me to a credit reporting agency. 

2.        Access to Commercial Credit Information (Section 18L(4) Privacy Act 1988) 

I/we agree that Cardwell Finance may obtain information about me/us from business which provides information about commercial credit worthiness of persons for the purpose of assessing my/our application for consumer credit. 

3.        Access to Commercial Credit Information (Section 18K(1)(b), Privacy Act 1988) 

I/we agree that Cardwell Finance may obtain a consumer credit report containing information about me from a credit reporting agency for the purpose of assessing my/our application for commercial credit. 

4.        Exchange of credit worthiness Information (Section 18N, Privacy Act 1988) 

I/we agree that Cardwell Finance may exchange information with those credit providers named in this application or named in a consumer credit report issued by a credit reporting agency for the following purposes; 

  • To assess an application by me/us for credit
  • To notify other credit providers of a default by me/us
  • To exchange information with other credit providers as to the status of this loan where I am in default with other credit providers
  • To assess my/our credit worthiness. 

I/we understand that the information exchanged can include anything about my/our credit worthiness, credit standing, credit history or credit capacity that credit providers are allowed to exchange under the Privacy Act. 

5.        Agreement to a credit provider being given a consumer credit report by a credit reporting agency to assess a guarantor (Section 18K1© Privacy Act 1988) 

I/we agree that Cardwell Finance may obtain from a credit reporting agency a consumer credit report containing information about me/us for the purpose of assessing whether to accept me/us as guarantor for credit applied for by, or provided to, the borrower(s) named in the agreement commences from the date of this agreement and continues until the credit covered by the borrower(s) application ceases. 

6.        Agreement to a credit provider disclosing a report including a consumer credit report to potential or existing guarantor (Section 18K (1) Privacy Act 1988) 

I/we agree that Cardwell Finance may give to a person who is currently guarantor, or whom I/we indicated is considering becoming guarantor, a credit report containing information about me/us for the purpose of  _____________________________ (name of the prospective guarantor) deciding whether to act as a guarantor, or to keep _________________________________(name of existing guarantor) informed about the guarantee. I/we understand that the information disclosed can include anything about my/our credit worthiness, credit standing, credit history or credit capacity that credit providers are allowed to disclose under the Privacy Act, and includes a credit report. 

Applicant Signature ____________________      Date ____________

Please Print Name ____________________

 

Co-Applicant Signature ____________________      Date ____________

Please Print Name ____________________