Yes Loans is a trading name of Quick Loans Ltd who is the Data Controller under the Data Protection Act. Registered with the Information Commissioners Office for the purposes of the Data Protection Act 1998 with Registration Number ZA207923
Quick Loans may change this policy from time to time by updating this page. You should check this page each time you use this website to ensure that you are happy to accept any changes. This policy is effective from 07/03/2017
What we collect
We may collect the following information:
- personal details such as name, date of birth
- contact information including email address
- employment information
- financial information
- other information relevant to making a loan application
What we do with the information we gather
As a credit broker we electronically pass the information we collect to lenders and other credit brokers who will use it to make an assessment to whether they are able to consider your application further.
Once we have completed this operation and either forwarded you to that lenders/brokers website or advise you that we are unable to help, your data is removed from our systems, this means.
- We do not keep any of your data after we have used it to attempt to find you a loan.
- We do not hold your data for more than 5 minute, after which we do not retain your data on our systems.
What the lenders and brokers that we pass your data do with it.
The lenders and brokers that we pass your data to may do the following in order to find you a loan.
- Search their own databases for details of any previous relationships or interactions with you.
- Search the databases of Credit Reference Agencies (CRA) or Fraud Prevention Agencies (FPA) to assist in their lending decision. You will give an explicit consent to this when you complete the application form, but you should be aware that this will leave a footprint on your credit file. Please see the section ‘Credit Reference Agencies (CRA) and Fraud Prevention Agencies (FPA) – A Concise Guide’
- Assess your application, along with the information collected about you, against their lending criteria.
- Communicate with you by email, SMS or telephone in regards to your application.
- Pass your details to other lenders and brokers to search for a suitable loan for you. These will also use the data as described in this section.
- Help to identify you if you call them.
Security of your data
We are committed to ensuring that your information is secure.
In order to prevent unauthorised access or disclosure we have put in place suitable physical, electronic and managerial procedures to safeguard and secure the information we collect online.
All data you enter is transmitted to us using HTTPS and we use the same protocol when we transmit your data to the lenders and brokers.
We do not store your data after the process is complete.
Retention of your data
We do not retain your data after the process has been completed.
The lenders and brokers that we pass your data to will retain your data in accordance with their own Data Retention Policy.
Data disclosure to other 3rd parties
We will not sell, distribute or lease your personal information to third parties unless we have your permission or are required by law to do so.
You have the right to access the data that we hold on you. We can provide this to you for a small fee of £10.00. We have up to 40 days from the payment of the fee to provide the information to you.
If you would like a copy of the data we hold about you, please write to us at Unit 3,
Fountain Parade, Barnsley, S75 6FW. We will advise you at that point how to make the payment.
Credit Reference Agencies (CRA) and Fraud Prevention Agencies (FPA) – A concise guide.
We, (including the other brands we own) and the lenders and brokers we ask to consider your application, may carry out credit and fraud prevention checks with one or more licensed credit reference and fraud prevention agencies. We and they may keep a record of the search. Information held about you by these agencies may be linked to records relating to other people living at the same address or with whom you are financially linked. These records may also be taken into account in credit and fraud prevention checks. Information from your application and payment details of any loans made will be recorded with one or more of these agencies and may be shared with other organisations to help make credit and insurance decisions about you and members of your household with whom you are financially linked and for debt collection and fraud prevention. This includes those who have moved house and who have missed payments. If you provide false or inaccurate information and fraud is suspected, it will be recorded and may be shared with other people and organisations. We, and other credit organisations, may also use technology to detect and prevent fraud.
When a credit check is performed a footprint will appear on your credit file, this can be seen by other lenders and financial organisations. CRA’s provide shared credit information, fraud prevention information, public information including the electoral register.
Where you are financially linked to another person, their data may also be provided by the CRA’s and FPA’s and a footprint left on their file too. You, or they, can apply to the CRA’s to have this financial link removed.
You can obtain from the CRA details of the information they hold on you. Some may make a small charge for this, up to a statutory maximum. Contact details for the 3 main UK CRA’s are:
- CallCredit, Consumer Services Team, PO Box 491, Leeds, LS3 1WZ or call 0870 0601414
- Equifax Ltd, Customer Service Centre, PO Box 10036, Leicester, LE3 4FS or call 0800 014 2955 or 0333 321 4043 or log on to www.equifax.co.uk
- Experian, Consumer Help Service, PO Box 8000, Nottingham NG80 7WF or call 0844 4818000 or log on to www.experian.co.uk
- (Calls to 0800 numbers are free from UK landlines and since July 2015 free from UK mobiles, calls to 0333 numbers from landlines and mobiles are normally included in bundled call packages, otherwise calls cost 9.58p per minute and 15.97p connection fee from a BT landline. Other networks and mobiles may vary.)
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Links to other websites
Our website may contain links to other websites of interest. However, once you have used these links to leave our site, you should note that we do not have any control over that other website. Therefore, we cannot be responsible for the protection and privacy of any information which you provide whilst visiting such sites and such sites are not governed by this privacy statement. You should exercise caution and look at the privacy statement applicable to the website in question.