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Credit Authorization
Last Updated: January 2025
Authorization for Credit Checks and Verification
This Credit Authorization explains how Certes Financial Pros
LLC and our lending partners may access and use your credit
information as part of the loan application and approval
process.
By submitting a loan application, you provide authorization
for credit checks and financial verification as described
below.
1. Authorization Scope
By submitting your loan application, you authorize Certes
Financial Pros LLC and our lending partners to:
-
Obtain your credit report from one or more consumer
reporting agencies
- Verify your identity through third-party services
- Verify your employment and income information
- Verify your banking and financial account information
-
Check public records and databases for relevant information
-
Share your information with potential lenders for evaluation
2. Types of Credit Checks
Soft Credit Inquiries
Initial loan matching may involve soft credit inquiries,
which:
- Do not affect your credit score
- Are not visible to other creditors
- Allow us to assess basic creditworthiness
- Help match you with appropriate lenders
Hard Credit Inquiries
If you proceed with a specific lender, hard credit inquiries
may occur, which:
- May temporarily affect your credit score
- Are visible to other creditors reviewing your credit
- Provide detailed credit history for lending decisions
- Are typically performed by the actual lender
3. Consumer Reporting Agencies
We may obtain credit reports and related information from
various sources, including:
-
Major Credit Bureaus: Experian, Equifax,
TransUnion
-
Alternative Data Providers: Specialty
consumer reporting agencies
-
Identity Verification Services: Third-party
verification companies
-
Public Records: Court records, bankruptcy
filings, tax liens
-
Financial Institutions: Bank account
verification services
4. Information We May Access
Your credit authorization allows access to:
- Credit history and payment patterns
- Current and past credit accounts
- Credit inquiries and applications
- Public records (bankruptcies, judgments, liens)
- Identity verification data
- Employment and income verification
- Banking and deposit account information
- Fraud alerts and security freezes
5. Purpose and Use of Credit Information
Credit information is used exclusively for:
- Evaluating your creditworthiness for loan approval
- Determining appropriate loan terms and interest rates
- Verifying the accuracy of application information
- Preventing fraud and identity theft
- Complying with regulatory requirements
- Making responsible lending decisions
6. Information Sharing with Lenders
We may share your credit and application information with:
-
Potential Lenders: For loan evaluation and
approval
-
Lending Partners: Members of our lending
network
-
Service Providers: Companies that assist in
credit processing
-
Verification Services: Third parties that
verify information
All parties receiving your information are bound by
confidentiality agreements and applicable privacy laws.
7. Your Rights Under Federal Law
Fair Credit Reporting Act (FCRA) Rights
Under the FCRA, you have the right to:
- Know when your credit report is used against you
- Access your credit report for free annually
- Dispute inaccurate information on your credit report
-
Have negative information removed after specified time
periods
-
Be notified when information is furnished to credit bureaus
Equal Credit Opportunity Act (ECOA) Rights
Under the ECOA, you have the right to:
- Equal treatment in credit decisions
- Know why credit was denied if applicable
- Non-discrimination based on protected characteristics
-
Receive a copy of your credit report if credit is denied
8. Duration of Authorization
This credit authorization remains valid:
- Throughout the loan application process
- For the duration of any loan relationship
- For account monitoring and servicing purposes
- For collection activities if necessary
- As required by applicable laws and regulations
9. Revoking Authorization
You may revoke this authorization by contacting us in writing.
However:
-
Revocation will not affect credit checks already performed
- We may be unable to process your loan application
-
Existing loan agreements may require continued authorization
- Some legal obligations may require continued access
10. Data Security and Protection
We protect your credit information through:
- Encryption of data transmission and storage
- Secure servers and access controls
- Regular security audits and updates
- Staff training on data protection
- Compliance with industry security standards
11. Tribal Jurisdiction
This Credit Authorization is governed by tribal law and the
laws of the Lac Vieux Desert Band of Lake Superior Chippewa
Indians. Credit decisions and disputes are subject to tribal
jurisdiction and applicable federal consumer protection laws.
13. Acknowledgment and Consent
By submitting your loan application, you acknowledge that you
have read and understood this Credit Authorization and consent
to the credit checks and information sharing described herein.