PRIVACY ACT AND PROTECTION OF PRIVACY CONSENT BY APPLICANT AND GUARANTOR PRIVACY ACT 1988
I/We acknowledge that I/we have made an application for a debt solution product to Australian Debt Agreements.
Australian Debt Agreements may use the personal information you provide about you for the purpose of providing a debt solution and for direct marketing of products and services offered by Australian Debt Agreements or an organization Australian Debt Agreements are affiliated with or represents.
The information provided by you will be held by Australian Debt Agreements and you can obtain information about it by contacting Australian Debt Agreements. You have the right to request not to receive direct marketing material.
I/We agree that Australian Debt Agreements can do any of the following at any time:
Commercial Credit Information: Seek and use commercial credit information about me/us to assess an application for consumer credit or commercial credit.
Consumer information: Seek or use consumer credit information about me/us to assess an application for commercial credit or consumer credit.
Collection of overdue payments: Seek and use a credit report about me/us provided by a credit reporting agency to collect overdue payments from me/us.
Provide information to mortgage insurer: Provide information to a mortgage insurer to assess the risk of providing mortgage insurance or to assess the risk of default.
Exchange of information between credit providers: Seek from and use or give to another credit provider (including without limitation any other credit provider who has lent money on the same security) any information about my/our credit worthiness, credit standing, credit history or credit capacity. In particular Australian Debt Agreements may provide a bank an opinion on me/us.
Exchange of information with advisers: Seek from and use or give to any originator, financial consultant, accountant, lawyer, or other adviser acting in connection with any financing provided or proposed to be provided to me/us any consumer or commercial credit information.
Provide information to credit reporting agencies: Give to a credit reporting agency personal or commercial information about me/us. The information may include identity particulars:
- the fact that credit has been applied for the amount:
- the fact that Australian Debt Agreements may be a current credit provider to you
- payments which become overdue more than 60 days and for which action is commenced
- that cheques drawn by you have been dishonoured more than once
- in specified circumstances that in the opinion of Australian Debt Agreements you have committed serious credit infringement and the credit provided to you by Australian Debt Agreements has been paid or otherwise discharged.
Provide information for securitisation: Disclose or report any personal information about me/us to another person in connection with an agreement involving securitisation.
Provide information to guarantors: Provide information to any person who proposes to guarantee or has guaranteed repayment of any credit provided to me/us.
Disclosure of personal information: Disclose personal information about me/us to organizations involved in providing credit to me/us, or any other associate, or contractor of Australian Debt Agreements.
Provide information regarding loan/s and mortgage/s: Verify and disclose details of loans/mortgages, including but not limited to, information regarding current balances, credit limits, outstanding legal costs, arrears and defaults.
I/We authorise Australian Debt Agreements or its agents to make such enquiries and take up such references, as it considers necessary in relation to my/our application.
I/We also understand and agree that Australian Debt Agreements and other intermediaries may be paid and retain fees, margins and commissions in respect of the credit arranged by Australian Debt Agreements.
If you do not provide personal information, Australian Debt Agreements may be unable to assist you.