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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.