Credit information includes the type and amount of credit provided to you, repayment history information, default information (including overdue payments) and court information.
Consumer and commercial credit information We may exchange your commercial and consumer credit information with entities listed below to assess an application for consumer or commercial credit and manage that credit. In particular, we can obtain credit information about you from a CRB providing both consumer and commercial credit information.
Exchange information We may exchange personal and credit information with the following types of entities, some of which may be located overseas. (1) Finance brokers, mortgage managers, and persons who assist us to provide our products to you, (2) Financial consultants, accountants, lawyers and advisers, (3) Any industry body, tribunal, court or otherwise in connection with any complaint regarding the approval or management of your loan, (4) Businesses assisting us with funding for loans, (5) Trade insurers, (6) Any person where we are required by law to do so, (7) Any of our associates, related entities or contractors, (8) Your referees, such as your employer, to verify information you have provided, (9) Any person considering acquiring an interest in our business or assets, (10) Any organisation providing verification of your identity, including online verification, (11) other credit providers for the purposes of assessing your creditworthiness, credit standing, and credit history or credit capacity, (12) any person who proposes to guarantee or has guaranteed repayment of any credit provided to you. If you don’t provide personal information to us, it will not be possible us to process your request for credit assistance. We may disclose your personal and credit information to overseas entities including related entities located overseas including in USA, Canada, the United Kingdom and the Philippines. We may exchange your personal and credit information with Veda Advantage Ltd, veda.com.au.
You acknowledge that: 1. We may be paid and retain fees, margins and commissions in respect of the credit arranged by us. 2. We have not provided any financial planning advice or investment advice and have not made any representation as to the financial viability or prudence of the proposed transaction. 3. Any decision to lend is not an indication of the soundness of any investment you make. You declare you have never been declared bankrupt and there are no outstanding judgments against you. You declare that to the best of your knowledge and belief, the facts, information and statements set out in this application are true and correct, and that no information, which might affect the decision of the credit provider has been withheld. Unless indicated, you consent to us using and disclosing information about you for the purposes of direct marketing and agree to being contacted by us and our business partners to be informed about products and services that you may be interested in.