Sentences with phrase «negative effects on credit record»

«Significant harm» is defined to include «bodily harm, humiliation, damage to reputation or relationships, loss of employment, business or professional opportunities, financial loss, identity theft, negative effects on credit record and damage to or loss of property.»

By way of a refresher, following the implementation of the new data breach sections of PIPEDA, organizations that experience a data breach (referred to in PIPEDA as a «breach of security safeguards») must determine whether the breach poses a «real risk of significant harm» (which may include bodily harm, humiliation, damage to reputation or relationships, loss of employment, business or professional opportunities, financial loss, identity theft, negative effects on the credit record and damage to or loss of property) to any individual whose information was involved in the breach by conducting a risk assessment.

Defaulting on your student loans can have a negative effect on your credit record, which can have an effect on future plans for quite some time.

Not exact matches

Any potentially negative credit items or public records that may have an effect on your creditworthiness as viewed by creditors.