In considering your application Loanoptions.co.uk will search your record at a credit reference agency/ies. They will add to your record details of our search and your application. This will be seen by other organisations carrying out later searches. Loanoptions.co.uk will use a credit scoring or other automated decision making systems when assessing your application. It is important that you give us accurate information.
Loanoptions.co.uk and other organisations may use and search these records to:
- help make decisions about credit and credit related services, for you and members of your household;
- help make decisions on motor, household, credit, life and other insurance proposals and insurance claims, for you and members of your household;
- trace debtors, recover debt, prevent fraud, and to manage your accounts or insurance policies;
- check your identity to prevent money laundering, unless you furnish us with other satisfactory proof of identity. The credit reference agency/ies and the fraud prevention agency/ies will also use the records for statistical analysis about credit, insurance and fraud.
Loanoptions.co.uk will pass the data that you provide to them to third parties that they consider may be able to assist you to obtain a secured loan product.
Please telephone Loanoptions.co.uk on 0800 612 0435 if you would like further details of those credit reference and fraud prevention agencies from whom Loanoptions.co.uk obtain information and with whom Loanoptions.co.uk record information about you. You have a legal right to these details. You have a right, on payment of a fee, to receive a copy of the information Loanoptions.co.uk hold about you if you apply to us in writing.
Loanoptions.co.uk will contact you directly with the best secured loan product to suit your individual circumstances once credit reference searching and product sourcing has taken place.
If, during the course of our relationship with you, we consider that you would benefit from certain financial products and services, we may make you aware of and recommend suitable financial products and services.