Common use of Credit and Consumer Report Authorization Clause in Contracts

Credit and Consumer Report Authorization. You authorize SoFi Bank to obtain copies of your consumer and credit reports in compliance with regulatory requirements at our discretion, at any time, for reasons including, but not limited to: (i) to collect a debit balance or any amount owed in connection with your Account; (ii) to investigate, detect and prevent fraud involving you or your Account; (iii) to determine whether to grant, extend or modify the terms and conditions of any credit you have applied for or received; (iv) to conduct a pre-qualification for any consumer loan products offered by SoFi Bank or its affiliates or to solicit you for any other financial products and services offered by SoFi Bank or its affiliates; or (v) assisting SoFi Bank in evaluating whether to open, close or suspend your Account, or for any other lawful purpose. We may, for any reason in our sole discretion, deny your application to open an Account, close your Account, or decline to offer you certain services available to SoFi Bank Customers.