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Confidentiality of Information
Loans For People On Benefit treat all personal information entered in
our database private and confidential. No information from this
database is passed on to anyone except to the lenders who may sanction
you the loan. However, we may pass on this information to any legal
agency if the law of the land requires.
Storage of information
We employ secure servers and secured email to ensure confidentiality
of the information transmitted in this website.
Right to check personal information
We abide by the Data Protection Act of 1998. Users accessing our
website have the right to check how personal information is used.
If there are any differences in the way how the personal information
are stored with us, they may get it corrected. Customers also have
the option of availing copies of the personal information stored
with us.
Information sharing
We are not into sharing any personal information divulged to us
to any third party. We do not give away any of these information
to marketing entities without your consent. However, if the law
of the land requires us to divulge the information to any particular
agency we may divulge it even without your consent.
Credit checks
Credit checks of the applicants are carried out before giving away
any loan amount. This could be done internally by us or we may employ
a third party altogether.
Debt recovery
If a customer after availing a loan is unable to make the repayment,
we shall contact the customer and give him or her 28 days notice.
If the customer does not repay the amount by then, my shall inform
credit reference agencies. After getting such information the credit
reference agencies may include the customer’s name in the
defaulters list. As defaulting has serious implication on an individual’s
credit history, it may lead the customer to be disqualified from
future loans or mortgages. In that case, a debt collection agency
may come to the aid of the customer to help him make the repayment.
Storage of communication
Each communication exchanged with Loans For People On Benefit and the customer
will be recorded with us. This information may be utilized for any
litigation or any other proceedings in the future. By filling up
the application form available at this website a customer agrees
to abide by terms and conditions and privacy policy. |
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