Privacy Consent – Lending
What sort of personal information do we collect from you when you apply for credit?
Usually, we collect information such as your name, date of birth and evidence of identity, as well as information about your financial position and your current credit history.
What happens if you do not provide us with information?
If you do not provide us with personal information, we may not be able to provide you with the products and services you are seeking.
Do we collect any other information when you apply for credit?
Under the responsible lending obligations in the National Consumer Credit Protection Act 2009 (Cth), credit providers need to see your credit history and present position in order to assist them in meeting their obligations.
Consequently, we may obtain a credit report about you from a credit reporting body when you apply for credit with us.
What is in a credit report?
A credit report contains information about your credit history. This can include financial hardship information, which is information about any arrangement (formal or informal) you may have made with a credit provider for any variation of or relief from credit obligations.
Your credit history helps us assess your credit worthiness and credit applications, verify your identity and manage the loan accounts and credit facilities you have with us.
Credit reporting bodies use credit information about individuals to prepare credit reports which may then be made available to credit providers to assist them in assessing individuals’ credit worthiness.