Common use of Credit reference check Clause in Contracts

Credit reference check. (a) You acknowledge that we may perform credit checks on you and obtain a credit report about you. (b) You agree to our giving to and obtaining from any credit provider named in your Order Form or in a credit report on you issued by a Credit Reporting Body, information about your credit arrangements for the purposes of: (A) assessing your Order Form; (B) notifying a default by you; (C) allowing another credit provider to ascertain the status of your arrangements with us where you are in default with one or more other credit providers; and (D) generally assessing your credit worthiness. (c) You understand that the information exchanged can include any information about your personal and/or commercial credit worthiness, credit standing, credit history or credit capacity which credit providers may lawfully give to or receive from each other.