PRIVACY POLICY - We respect your privacy as if it were our own.
Gathering Personal Information:
Loan Smart LLC collects nonpublic, personally identifiable and financial information about you, the customer including: information received from you on applications or other forms, such as when you fill out an application for a loan; information about your transactions with us, our affiliated companies, or other third parties; and information we receive from consumer reporting agencies. The type of information that we request from you depends on the service that you are utilizing. For example, when you fill out an application, we may ask for information such as your name, address, income, employment, investments and other similar information. We also collect information from you when you use our website as further discussed in our Online Privacy Policy.
Use of Personal Information:
Although we may disclose all of the information we collect and retain, its use will be limited to what we reasonably believe is appropriate and necessary to administer our business and to provide the quality of service you expect and deserve, such as to: conduct business with you and to protect and administer your records; satisfy regulatory reporting and other legal requirements; administer proper internal operations; and allow us to better understand your financial needs in order to design or improve our financial products and services.
Types of Information that Loan Smart LLC Discloses:
Loan Smart LLC is affiliated with a number of companies that work together to bring you the financial services and products that may benefit you. We do not share nonpublic information with any persons, companies or organizations that are not affiliated with Loan Smart LLC, except as permitted by law, as noted below. The nonpublic personal information we may share about our current and former customers with our affiliated companies is: identification information such as name, address and telephone number; transactional information; and loan account experience. By sharing this information, Loan Smart LLC can better understand your financial needs. As a result, we can then send you notification of new products and services that you might not otherwise be aware of.
By law we may share nonpublic personal information about customers in the following circumstances: to effect, administer or enforce a transaction; if the transaction service or product is requested or authorized by the customer; to maintain or service a customer’s account as part of another loan extension program; in connection with a securitization, secondary market sale (including servicing rights), or similar transaction related to a consumer; for disclosures that are necessary to enforce Loan Smart LLC legal or contractual rights or the rights of any other person who is engaged in the financial transaction; for disclosures required in the ordinary course of business, such as the settlement of claims or benefits, the confirmation of information to the consumer or the consumer’s agent, and the billing, processing, or clearing of items in the normal course of business; to provide information to insurance rating advisory organizations, guaranty funds or agencies, agencies that are rating Loan Smart LLC, persons who are assessing Loan Smart LLC compliance with industry standards and Loan Smart LLC attorneys, accountants and auditors; to the extent permissible under the Right to Financial Privacy Act; and to a consumer reporting agency under the Fair Credit Reporting Act (FCRA). Our Policies regarding FCRA are outlined below. To comply with federal, state or local laws, rules and other applicable legal requirements.
Safeguarding Customer Information:
At Loan Smart LLC, we protect customer privacy by ensuring that only employees who have a business reason for knowing information have access to it. Loan Smart LLC maintains physical, electronic and procedural safeguards that comply with federal regulations to guard your nonpublic, personal information. We continually assess new technology for protecting information. We continually strive to ensure that our operational and data processing systems are in a secure environment that protects your account information from being accessed by unauthorized parties. You can also take steps to help safeguard your personal information. Protect your account numbers, PIN and customer access numbers. Never disclose confidential information to unknown callers.
Accuracy of Information:
Loan Smart LLC has established procedures to ensure that your financial information is accurate, current and complete, in keeping with reasonable industry standards. We continually strive to maintain complete and accurate information about you and your accounts. Should you believe our records contain inaccurate or incomplete information about you, please feel free to contact us. We will investigate your concerns and correct any information we determine to be inaccurate.
Fair Credit Reporting Act Disclosure:
The Fair Credit Reporting Act sets standards that regulate the use of consumer reports. This Act permits us to share with our affiliates and non affiliate’s information regarding transactions and experiences. While it also permits (with opt-out provisions) the sharing of information we obtain from third parties (consumer or credit reports for example), it is the policy of Loan Smart LLC not to do so except where allowed by regulation or law. (See "Exceptions to Your Opt-Out Rights" above.) If you have opted-out of the sharing agreements with companies outside of the Loan Smart LLC family of companies referred to in this Privacy Policy, there is no need to do so for the purposes of the Fair Credit Reporting Act.
Former Customers:
Even if you are no longer a customer, our Privacy Policy, including our Online Privacy Policy, will continue to apply to you.
Online Privacy Policy:
Loan Smart LLC Privacy Policy explains how we use and share information about you as we provide financial products and services. However, because of the unique nature of online transactions, there is some additional information you should be aware of when you visit our website. This policy describes our online-specific Privacy Policy. Customers who conduct online activities are subject to both the Privacy Policy described before and this Online Privacy Policy. Capitalized terms not defined herein shall have the meanings set forth in the Privacy Policy.
Information We Collect Online:
When you use our website, we may collect personally identifiable information from you, such as your email address and your name and address, if you are submitting an online loan application.
Protection of Your Online Information:
Loan Smart LLC is dedicated to the security of your personal information, and we take every commercially reasonable precaution to maintain that protection. To prevent unauthorized access or disclosure, maintain data accuracy and facilitate the appropriate use of information, we use physical, electronic and managerial procedures to attempt to protect the personal information we collect online. Encryption tools are used when collecting or transferring sensitive information, such as account numbers or credit card data.
Cookies:
We also collect information about you and your use of our site through the use of cookies. “Cookies” are small computer files that we transfer to your computer’s hard drive that allow us to know how often someone visits our site and the activities they conduct while on our site. Cookies contain no personal information and are not used to monitor activity once you leave our website. This information helps us dynamically generate advertising and content on Web pages specifically designed for you and also allows us to statistically monitor the number of people using our site and for what purpose. Sponsors and advertisers may also use cookies when you select their advertisements and we do not control their use of cookies or how they manage the information they gather.
Choice:
Loan Smart LLC believes that choice is one of the most important privacy principles. You have the choice not to submit any personally identifiable information to us (although under such circumstances you may not be able to use many of our online services). You also may choose to submit only those mandatory files of data absolutely required for registration on our website. Finally, you may choose to limit the use of, or access to, your personally identifiable information by, among other things, requesting or not requesting that we communicate Loan Smart LLC product or service information to you. You may opt out of any such communications lists at any time simply by contacting us. Additionally, each email message we send you will clearly state how you may remove your name from the email list. Please note that you will not be able to opt out with regard to the collection and disclosure of aggregate information. Such information does not include anything personally identifiable, however, and simply reflects statistical analysis of various aspects of site usage.
Retention of Information:
Once you have provided personal information to Loan Smart LLC, we will store and maintain the information you have volunteered for so long as you have not directed us otherwise. Our retention of this data allows us to continue providing you with personalized services and appropriate products without interruption.