|
|
Important - Your Personal Information
|
|
|
Credit decisions and also the
prevention of fraud and money laundering
We
may use credit reference and fraud prevention agencies to help us make
decisions. A short guide to what we do and how both we and credit reference and
fraud prevention agencies will use your information is detailed in the section
below called: "A condensed guide to the use of your
personal information by ourselves and at Credit Reference and Fraud Prevention
Agencies".
By
confirming your agreement to proceed you are accepting that we may each use
your information in this way.
|
A condensed guide to the use of your
personal information by ourselves and at Credit Reference and Fraud Prevention
Agencies
-
When
you apply to us to open an account, this organisation will check the following
records about you and others (see 2 below)
-
Our
own;
-
those
at credit reference agencies (CRAs). When CRAs receive a search from us they
will place a search footprint on your credit file that may be seen by other
lenders. They supply to us both public (including the electoral register) and
shared credit and fraud prevention information.
-
those
at fraud prevention agencies (FPAs).
We
will make checks such as; assessing this application for credit and verifying
identities to prevent and detect crime and money laundering. We may also make
periodic searches at CRAs and FPAs to manage your account with us.
-
If
you are making a joint application or tell us that you have a spouse or
financial associate, we will link your records together so you must be sure
that you have their agreement to disclose information about them. CRAs also
link your records together and these links will remain on your and their files
until such time as you or your partner successfully files for a disassociation
with the CRAs to break that link.
-
Information
on applications will be sent to CRAs and will be recorded by them. Where you
borrow from us, we will give details of your accounts and how you manage
it/them to CRAs. If you borrow and do not repay in full and on time, CRAs will
record the outstanding debt. This information may be supplied to other
organisations by CRAs and FPAs to perform similar checks and to trace your
whereabouts and recover debts that you owe. Records remain on file for 6 years
after they are closed, whether settled by you or defaulted.
-
If
you give us false or inaccurate information and we suspect or identify fraud we
will record this and may also pass this information to FPAs and other
organisations involved in crime and
fraud prevention.
-
If
you have borrowed from us and do not make payments that you owe us, we will
trace your whereabouts and recover debts.
-
Your
data may also be used for other purposes for which you give your specific
permission or, in very limited circumstances, when required by law or where
permitted under the terms of the Data Protection Act 1998.
How to find out more
This
is a condensed version and if you would like to read the full details of how
your data may be used please visit our website at
http://Cashchoiceuk.co.uk
You
can contact the CRAs currently operating in the UK; the information they hold
may not be the same so it is worth contacting them all. They will charge you a
small statutory fee.
-
CallCredit,
Consumer Services Team, PO Box 491, Leeds, LS3 1WZ or call 0870 0601414
-
Equifax
PLC, Credit File Advice Centre, PO Box 3001, Bradford, BD1 5US or call 0870 010
0583 or log on to
www.myequifax.co.uk
-
Experian,
Consumer Help Service, PO Box 8000, Nottingham NG80 7WF or call 0844
4818000 or log on to
www.experian.co.uk.
|