Prequalification General Application Disclosures

This request for prequalification is made to Sheffield Financial, a division of Truist Bank.  You agree that the information that you are providing is true, correct and accurate to the best of your knowledge.  You agree that Sheffield Financial may obtain your consumer credit report from one or more consumer reporting agencies to evaluate this request for prequalification.  You agree that you are at least 18 years of age.

You understand that by submitting this request for prequalification that Sheffield Financial (via Truist Bank) may perform one or more soft credit inquiries to consumer reporting agencies which will not affect your credit score.  If your request for prequalification is approved and choose to continue your application, then Sheffield Financial will request a full credit report from one or more consumer reporting agencies, which will be a “hard” credit pull which can affect your credit score.  It is possible that if you receive a prequalification approval, you may ultimately be declined for credit when you submit a full application if upon full review you do not meet the applicable credit criteria.  In certain circumstances your prequalification request may result in a “hold” status, indicating that we are not declining your request at that time but that we need additional information or to further review certain items in your credit history or request in order to make a decision.  We will notify you in writing, and you will have the options of submitting a full credit application which will result in a hard credit pull, or you may choose not to proceed. 

NOTICE TO CALIFORNIA RESIDENTS: A married applicant may apply for a separate account. After credit approval, each applicant shall have the right to use this account to the extent of any credit limit set by the creditor and each applicant may be liable for all amounts of credit extended under this account to each joint applicant.

NOTICE TO NEW YORK AND RHODE ISLAND RESIDENTS: A consumer report may be ordered on you in connection with your application for credit. If you ask, we will tell you whether or not one was ordered and if one was, the name and address of the consumer reporting agency that provided it. Subsequent consumer reports may be requested or used in connection with an update, renewal or extension of the credit applied for without further notice to you.

NOTICE TO OHIO RESIDENTS: The Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.

NOTICE TO VERMONT RESIDENTS: You authorize us to obtain a consumer credit report from one or more consumer credit reporting agencies in connection with your application and as otherwise allowed by law. You agree that we may also verify your employment, income, assets, and debts. If your application is approved and the contract is entered into, you also authorize us, and our employees and agents, to obtain additional credit reports and other information about you in connection with updates, renewals, extensions, account review, collections activity, or for any other legitimate purpose.

NOTICE TO MARRIED WISCONSIN RESIDENTS: Wisconsin law provides that no agreement, unilateral statement or court decree relating to marital property shall adversely affect a creditor's interest, unless prior to the time credit is granted the creditor is furnished a copy of the agreement, statement or decree or has actual knowledge of the adverse provision.

To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

Sheffield Financial is a division of Truist Bank, Member FDIC.

REV.03/2022