Consent to Credit Checks

1.             Consent to credit checks

1.1.         I/We (the “Merchant”) agree that by submitting this application, I/we consent to XPRS Capital Africa (Proprietary) Limited (the “Company”) contacting third parties for verification and credit checking purposes, and consent to such third parties, including the Merchant’s bank or other financial provider and any credit reference agency, disclosing information about the Merchant to the Company.

1.2.         I/We further consent to the Company carrying out identity and fraud prevention checks on the Merchant, together with criminal record enquiries and social media searches.

1.3.         I/We further consent to the Company carrying out credit, identity and fraud prevention checks on each and all of the principals in the business, as per the list of directors and shareholders lodged at CIPC, together with criminal record enquiries and social media checks.[SL1] 

1.4.         I/we acknowledge that where any information provided is incorrect and/or if an agreement is concluded and the Merchant fails to pay any amount timeously, the full outstanding amount will become immediately due, legal action may be taken against the Merchant, the costs of which the Merchant will be liable for, and the Company may have the Merchant listed with the credit bureaux.

1.5.         I/we have read and understood the Company’s terms and conditions and agree that the Merchant shall be bound thereto.

1.6.         The Merchant indemnifies the Company and keeps it fully and effectively indemnified against all liabilities, costs, expenses, damages and losses (including all interest, penalties and legal costs (calculated on a full indemnity basis) and all other professional costs and expenses) suffered or incurred by the Company and each and every claim against Company arising out of or in connection with the collection and/or use of any information obtained by the Company in regard to the Merchant and the accuracy thereof as well as any wrongful act on the part of the Merchant.