Terms & Conditions
Consent – Please read
Information to credit agencies and electronic commercial messages
Giving Information to a credit reporting agency
I/We acknowledge that 360 Finance may give to a credit reporting agency personal information about me/us to obtain a consumer credit report about me/us, or to allow the credit reporting agency to create or maintain a credit information file about me/us. The information that may be given includes: my identification & that credit may have been applied for and the amount.
The Credit Provider obtaining credit information
To enable the credit provider to assess my/our application for personal or commercial credit and to collect overdue payments relating to credit owed by me/us, I/we authorise the credit provider to obtain: from a credit reporting agency, a credit report containing personal or commercial information about me/us in relation to personal or commercial credit provided to me/us; and from a business which provides information about the commercial creditworthiness of person, information about my commercial activities or commercial creditworthiness.
Exchanging information with other Credit Providers
I/We agree that the credit provider may exchange information with other credit providers or lenders named either in this application or in a credit report issued by a credit reporting agency or from a business which provides information about the commercial creditworthiness of person which will be used to: assess my application for credit, assist me to meet or avoid default on my credit obligations and notify other credit providers of a default by me/us. I/We agree that you may disclose personal information to other credit providers at their request if you seek finance from them.
Exchanging Information with other parties
I/We authorise the credit provider to exchange with any other person including but not limited to other credit providers, funders, joint applicants or borrowers, employers, insurers, introducers, lenders, risk managers or service providers:
- Named in the application form or
- Named in a credit report issued by a credit reporting agency; or
- Who prepares or helps me/us to prepare this application; or
- Who is a broker, accountant, lawyer, valuer, financial adviser or other person assisting me/us; or
- Who is a party providing insurance, protection or risk management products to the credit provider; or
- Who is a person arranging, funding or potentially purchasing my/our loan by means of securitisation
Information about my/our credit arrangements, including information about my/our creditworthiness, employment, credit standing, credit history, or credit capacity that the credit provider is allowed to exchange under the Privacy Act 1988.
I/We understand the information may be exchanged for the following purposes: to assess an application by me/us for credit and my/our ongoing creditworthiness; to inform other credit providers as to the status of this loan where I am/we are in default with other credit providers; to assist me/us in meeting or to avoid defaulting on my/our credit obligations; to advise on an outcome or status of my/our credit application or the transactions or status of my/our loan account; to prepare loan and related documentation and to properly execute such documentation; to refer this application to another credit provider for consideration; to assess whether to provide insurance to the credit provider or other credit provider; to evaluate whether to provider risk management products to the credit provider or other credit provider; to prepare access cards or mailing labels; and for direct or indirect marketing (unless you tell us otherwise), planning, product development, research, risk assessment, modelling and loan management purposes.
Electronic Commercial Messages
I/We understand that as part of their commitment to providing me/us with the best service, 360 Finance will from time to time send me/us electronic commercial messages. I/We understand that these messages will be clearly identified as originating from 360 Financial Services and each communication will provide a clear unsubscribe facility. I/We understand that if I/we do not wish to receive these electronic commercial messages we will inform 360 Finance in writing or by emailing email@example.com.