Credit Report Authorization

You understand and agree that you are authorizing University of Illinois Community Credit Union to obtain consumer reports and related information about you from one or more consumer reporting agencies.

You also authorize University of Illinois Community Credit Union to verify information in your application for credit, and you agree that University of Illinois Community Credit Union may contact third parties to verify any such information. You direct University of Illinois Community Credit Union to use your consumer reports to authenticate your identity, to make credit decisions, and for other related purposes.

You expressly authorize University of Illinois Community Credit Union to obtain consumer reports, as well as your income information, from consumer reporting agencies about you when you apply for credit, during the 60 days following your initial application date, and periodically throughout the term of your credit product, including in the month following the month when you pay off or otherwise satisfy the terms of your credit product.

You expressly authorize University of Illinois Community Credit Union to use the information that we obtain from such reports along with your application information to, among other things, market refinancings and other products to you, determine your eligibility for other products that University of Illinois Community Credit Union may offer or that you may apply for, make decisions related to the servicing and collection of your account, measure how the credit product you obtained from University of Illinois Community Credit Union impacts your credit, perform other statistical analysis, and share information with you about your credit profile.

You promise that everything you have stated in this application is correct to the best of your knowledge, and that the above information is a complete listing of what you owe. If there are any important changes you will notify us in writing immediately. You authorize the Credit Union to obtain credit reports in connection with this application for credit and for any update, increase, renewal, extension, or collection of the credit received. You understand that the Credit Union will rely on the information in this application and your credit report to make its decision. If you request, the Credit Union will tell you the name and address of any credit bureau from which it received a credit report on you. It is a crime to willfully and deliberately provide incomplete or incorrect information in this application. If you are applying for a credit card, you understand that the use of your card will constitute acknowledgment of receipt and agreement to the terms of the Consumer Credit Card Agreement and Disclosure.