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At TFS Loans we are committed to protecting and respecting your privacy.
This Policy explains when and why we collect personal information about people who visit our website, how we use this information, the conditions under which we may disclose it to others and how we keep it secure.
We may change this policy from time to time so please check occasionally to ensure you are happy with the changes. This policy was last updated in November 2017. By using our website, you are agreeing to be bound by this Policy.
If you have any questions regarding this Policy, please email cs@tfsloans.co.uk, call 0203 476 0221, or write to us: Data Protection Officer, TFS Loans, Brook House, 26 Brook Road, Rayleigh SS6 7XJ.
We are TFS Loans, one of the largest Guarantor Loan providers in the UK. We are a registered UK company (no. 6542065). Our registered address is: Broom House, 39-43 London Rd, Hadleigh, Essex. SS7 2QL
We obtain information about you when you use our website, for example, when you apply for a TFS Guarantor Loan, request a quote or call, or sign up to our newsletters.
We may collect, store and use the following personal information:
We collect this information so that we can provide you with a Guarantor Loan or information about our Guarantor Loan products. We may monitor and record communications with you, such as telephone calls or emails for the purpose of quality assurance, training, fraud prevention and compliance with our regulatory rules.
The personal information that you give us will be used by us so that we can identify you, provide you with relevant information, improve your browsing experience by personalising the website, enable you to apply for, or top up, your Guarantor Loan on our website, collect payments from you, notify you of any changes, or to provide you with product information. If you have applied for a Guarantor Loan we may also use the information you have provided to credit score your Guarantor. If you have opted in to receiving communications from us, we will send you newsletters and offers from time to time via your preferred communication channels – which you select on our site when you are asked whether you wish to opt in.
All personal information will be treated in accordance with the Data Protection Act 1998 and other relevant legislation including, from 25 May 2018, the provisions of the General Data Protection Regulations, as applicable, to protect the privacy of such information.
We may need to share your personal data with our employees, agencies, suppliers (including any intermediaries or other product providers involved in the loan transaction), in order to process your loan application and administer your loan. As part of our loan application process we may search the files of credit reference and fraud prevention agencies. The credit reference and fraud prevention agencies we may pass your data to are Experian, Equifax, Callcredit and Cifas. We may need to disclose information about how you conduct your account to such agencies and your information may be linked to records relating to other people living at the same address if you are a financially linked. Other credit grantors may use this information to make credit decisions about you and the people with whom you are financially associated, as well as for fraud prevention, debtor tracing and money laundering purposes. If you provide false or inaccurate information and we suspect fraud, we will record this.
Further information on how the three Credit Reference Agencies use and store personal data they receive about you can be found at: https://www.equifax.co.uk/crain.html
We would also use your personal data in any legal proceedings. We are required by law to disclose your personal data to law enforcement agencies in connection with any investigation to prevent unlawful activity.
We share your personal data with our partner Feefo so that we can get feedback from you on our product and the service you have received. Feefo is registered as a data processor only and only use your data to ask for feedback about TFS Loans.
We will never disclose your personal data to any third parties for the purposes of marketing, nor will we transfer the information to another country.
When you apply for a loan we will use an automated decision process to help us assess your creditworthiness and to ensure our decisions are fair, efficient and correct based on what we know as well as the information we receive from Credit Reference Agencies. This may lead to your application being declined or we may offer you an amount lower than you applied for. Should your application be declined you can request that an underwriter review the decision. Please call us on 020 3476 4170
At TFS Loans we ensure we have technical and organisational processes in place to prevent the loss, misuse or alteration of your personal information. All information is stored on our secure, password and firewall protected servers. All electronic transactions you make to or receive from us, will be encrypted using SSL technology.
We give the same protection to electronic communications as we do to information we receive by post or phone. However, due to risks associated with data transmission over the internet, we cannot guarantee the security of data sent over the internet.
You are responsible for keeping your password and user details confidential. We will never ask you for your full password over the phone.
You have the right to request access to any personal information we hold about you free of charge. If you wish to see a copy of this information please write to: Data Protection Officer, TFS Loans, Brook House, 26 Brook Road, Rayleigh, Essex. SS6 7XJ. You may need to include evidence of your identity and address with your request letter. Please specify on your letter what information you need access to, including any account or reference numbers where applicable.
Under the provisions of the General Data Protection Regulations (effective from 25 May 2018) you have the right to withdraw your consent for the processing of and request deletion of your personal data under certain circumstances, for example, if you have not taken out a loan with us or the statutory period for which we need to hold your data has expired. Please note that if you ask us to delete or stop processing personal information, we won’t always be required to do so. If that is the case, we will explain why. We will anonymise or pseudonymise the personal information so that we can ensure your deletion is recorded.
We retain personal information for as long as we reasonably require it for legal or business purposes. This is between 25 months and 12 years. In determining data retention periods, we take into consideration our legal and contractual obligations as well as the expectations and requirements of our customers. When we no longer need personal information, we securely delete or destroy it.
If you give us information on behalf of someone else, for example the name and contact details of your Guarantor, you confirm that the other person has given you permission to do this. You are also confirming that we can process this information as part of the loan application and that we can transfer this personal data to third party agencies or supplies in relation to the loan application (not for marketing purposes). This could include suppliers and agencies based overseas.
Cookies are text files placed on your computer to collect standard internet log information and visitor behaviour information. This information is used to track visitor use of the website and to compile statistical reports on website activity. For further information visit www.aboutcookies.org or www.allaboutcookies.org. You can set your browser not to accept cookies and the above websites tell you how to remove cookies from your browser. However in a few cases some of our website features may not function as a result.
You have the right to object to the processing of your data based on legitimate interests or the performance of a task in the public interest/exercise of official authority (including profiling), or direct marketing (including profiling), or processing for purposes of scientific/historical research and statistics.
In case you have any concerns about how we have handled or managed your personal data, please let us know immediately. If you are not satisfied with our response, you have the right to make a complaint to the Information Commissioner’s Office (ICO) on their helpline number: 0303 123 1113 or 01625 545 745, or by writing to them at the following address.
The Information Commissioner’s Office
Water Lane, Wycliffe House
Wilmslow, CHESHIRE SK9 5AF
You can opt out of receiving communications from us at any time – click the unsubscribe links on the emails we send to you, or reply STOP to our SMS messages, or call us on .
Our website is linked to other third party websites. We are not responsible for their privacy policies or practises. Our Privacy Policy only applies to the TFS Loans website.
Please read the following information very carefully:
As a responsible lender, TFS Loans has a legal obligation to take steps to ensure that our customers are creditworthy.
We use a variety of methods to try to make sure that we do not lend money to people who are in financial difficulty. One of these is to carry out a credit reference check. In order to do this, we shall pass the personal data that you provide to us in your loan application to a credit reference agency (CRA) called Perfect Data Solutions Limited which trades as Lending Metrics. Lending Metrics provide us with data about a customer’s credit history and borrowing habits. You can contact Lending Metrics at Lancaster Court, 8 Barnes Wallis Road, Fareham, Hampshire, PO15 5TU in writing to request the information that they hold about you (please note, a small statutory fee may be payable).
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. What we do and how both we and credit reference and fraud prevention agencies will use your information is detailed in the section 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
1) When you apply to us to open an account, this organisation will check the following records about you and others.
a) Our own database;
b) 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.
c) 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.
Equifax Ltd
Customer Service Centre
PO Box 10036
Leicester
LE3 4FS
www.equifax.co.uk
Perfect Data Solutions Limited
(trading as LendingMetrics)
Lancaster Court
8 Barnes Wallis Road
Fareham, PO15 5TU
www.lendingmetrics.com
Loans are subject to status and affordability. *Consolidating debts may increase the term and the total amount payable.
Before entering into any credit agreement please make sure you can afford the monthly repayments, we recommend that you seek independent advice if you are unsure of any of the terms of our agreement. There may be other taxes or costs, not paid through us or charged by us, that you have to pay in connection with the agreement.
Late repayments can cause you serious money problems. For help go to www.moneyadviceservice.org.uk
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