Last Updated: 01/24/2023
You are authorizing Atlas Exploration, Inc., or, as applicable, Lead Bank (together, “Atlas”, “we”, “us”, or “our”) to, either in their own capacity or as an agent of the other, obtain and use your personal credit profile and/or other information from one or more consumer reporting agencies, such as TransUnion, Experian, or Equifax, as described below.
You agree that when you check the button to ‘continue application’ with your Atlas Charge Card with a personal credit line (“Atlas Card”) or otherwise taking an affirmative action indicating your agreement to this authorization, you authorize Atlas, a soft inquiry will be performed on your credit report, which will not impact your credit score.
You agree that when you select the button to ‘submit my application’ if your Atlas Card is approved that a hard inquiry will be performed, which may impact your credit score and can be viewed by third parties.
You acknowledge and agree that we may use such information for any purpose permitted by law, including:
To authenticate you are who you say you are;
To make credit decisions;
To determine your current ability-to-pay ratio; and
To obtain a credit score.
You further agree that we may collect and report information from and to credit bureaus after your Atlas Card is approved, now and periodically for as long as you have an active Atlas Card or an unpaid balance on the Atlas platform, in order to consider whether to allow additional limits and determine the terms of the limits, to provide data to investors that may be interested Atlas Card, to evaluate risks associated with your Atlas Card and monitor changes to your credit profile, to display credit information to you, and to analyze data.
You authorize us to verify information in your credit report, and you agree that we may contact third parties without further notice to you to verify any and all information as it relates to the above matters or which you have provided to us in connection with a request or application for credit or to administer or monitor your account if the Atlas Card is approved.
In connection with the foregoing purposes, you authorize us to share all or parts of your consumer reports with our bank partners, agents, and any of our or their respective successors and assignees.