CREDIT APPLICATION & AGREEMENT
IN ORDER FOR YOU TO DECIDE UPON THE ISSUANCE OF CREDIT I/WE HEREBY AUTHORIZE OUR ACCOUNTANT AND BANK TO FINISH YOU WITH ALL NECESSARY INFORMATION. I/WE ALSO AUTHORIZE YOU TO CONDUCT ALL PERTINENT CREDIT INVESTIGATIONS CONCERNING THE BUYER, ITS OWNERS AND/OR PRINCIPALS AND TO EXCHANGE FINANCIAL & OTHER RELEVANT INFORMATION WITH YOUR SUPPLIERS, CREDIT AGENCIES AND ANY OTHER SOURCE DEEMED NECESSARY.
THE SIGNATURE BELOW ATTESTS THAT THE APPLICANT IS FINANCIALLY RESPONSIBLE AND SOLVENT & THAT THE INFORMATION AND STATEMENTS IN THIS CREDIT APPLICATION ARE TRUE AND ACCURATE.
THE APPLICANT UNDERSTANDS AND AGREES THAT THE FOLLOWING TERMS AND CONDITIONS SHALL APPLY TO ALL SALES TO BE MADE BY SUPPLIER TO APPLICANT.
I AGREE THAT IN ORDER FOR YOU TO EVALUATE YOUR GRANTING OF CREDIT TERMS TO ME OR MY BUSINESS OPERATIONS AND THE CONTINUING MONITORING OF MY CREDIT STATUS WHICH INCLUDES ONGOING ELIGIBILITY FOR CREDIT, A PERSONAL INFORMATION FILE CONTAINING CREDIT AND NECESSARY RELATED PERSONAL INFORMATION MAY BE FORMED.
I MAY AT ANY TIME WITHDRAW CONSENT TO ALL OR ANY PART OF THE FOREGOING IN WHICH EVENT YOU MAY CEASE DOING BUSINESS WITH ME ON A CREDIT BASIC. EMPLOYEES OF YOURS, WHOSE JOB DESCRIPTION INVOLVES ASSESSMENT OF CREDIT WORTHINESS, SHALL HAVE ACCESS TO MY FILE.
MY SOCIAL INSURANCE NUMBER WILL BE USED ONLY TO IDENTIFY ME WITH CREDIT BUREAUS AND OTHERS FOR CREDIT HISTORY FILE EVALUATION.
I FURTHER CONSENT TO YOUR OBTAINING, DISCLOSING AND EXCHANGING ANY CREDIT AND NECESSARY PERSONAL INFORMATION ABOUT ME CONTAINED IN MYFILE AT ANY TIME, FORM, TO OR WITH ANY CREDIT BUREAU OR OTHER PARTY DOING BUSINESS WITH ME IN CONNECTION WITH ANY DEALINGS BETWEEN US PRESENTLY OR TO BE COMMENCED.
I UNDERSTAND THAT THE INFORMATION IN MY FILE SHALL BE USED ONLY FOR THE SPECIFIC PURPOSE MENTIONED AND IN THE MANNER HEREINABOVE DESCRIBED.