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What does an application consent actually cover?
Read the description of data access and any credit inquiry before agreeing.
A form may involve information sharing beyond the immediate person collecting the application.
Ask who receives the data, for which purpose and at what stage. Website language alone does not establish legal consent requirements or guarantee that every inquiry has the same effect.
Check the early-repayment questions
Definitions
- Credit inquiry
- Request to access credit information; its visibility and consequences depend on the inquiry and local system.
- Prequalification
- Preliminary indication based on stated conditions, distinct from verified approval and a final agreement.