Common use of Consumer Credit Reports Clause in Contracts

Consumer Credit Reports. Unless I instructed the Bank not to obtain reports concerning my credit, the Bank may request from credit reporting agencies, reports of my credit history. The Bank’s requests will be consistent with my Agency/ Organization’s agreement with union officials (if applicable). Upon request, the Bank will tell me whether a report was requested, and if so, the name and address of any reporting agency that furnished a report. I understand that the Bank may report Account information to credit bureaus after my account has been canceled. Late payments, missed payments or other defaults on my Account may be reflected in my credit report. If I think the Bank reported erroneous information, I will write the Bank describing the information I think is in error and include a copy of that information. case of cancellation based on clauses (i), (ii) or (iv), my Account is subject to immediate cancellation. In the event of any cancellation, I understand that I must still pay all undisputed amounts due to the Bank under this Agreement. I understand that my Account information may be reported to credit reporting agencies if my Account is canceled. I will surrender the Card upon request to my Agency/Organization. I understand that use of the Card or Account after its cancellation will be considered fraudulent and may cause the Bank to take legal action against me.

Consumer Credit Reports. Unless I instructed the Bank not to obtain reports concerning my credit, the Bank may request from credit reporting agencies, reports of my credit history. The Bank’s requests will be consistent with my Agency/ Organization’s agreement with union officials offcials (if applicable). Upon request, the Bank will tell me whether a report was requested, and if so, the name and address of any reporting agency that furnished a report. I understand that the Bank may report Account information to credit bureaus after my account has been canceled. Late payments, missed payments or other defaults on my Account may be reflected refected in my credit report. If I think the Bank reported erroneous information, I will write the Bank describing the information I think is in error and include a copy of that information. case of cancellation based on clauses (i), (ii) or (iv), my Account is subject to immediate cancellation. In the event of any cancellation, I understand that I must still pay all undisputed amounts due to the Bank under this Agreement. I understand that my Account information may be reported to credit reporting agencies if my Account is canceled. I will surrender the Card upon request to my Agency/Organization. I understand that use of the Card or Account after its cancellation will be considered fraudulent and may cause the Bank to take legal action against me.