Prism Finance - Privacy Statement

Privacy

We take our obligations under the Data Protection Act 1998 and all related regulations ("the Act") very seriously and have taken steps to ensure compliance with the provisions of the Act.

This Privacy Policy sets out the principles governing our use of your Personal Data. By using the Site generally, you agree to the principles set out below. Defined terms in this Privacy Policy have the same meanings as in the Act.

Please read the following policy to understand how we will treat your personal data when you use our site. If this policy changes then we will let you know via our homepage but we assure you that we only use your data as specified here and for our legitimate business reasons.

How do we collect data?

We can collect data on you from in variety of different ways.

When you request a quote or complete a loan application form on the site;
When you become a subscriber;
When you speak to our customer services personnel;
Via implicit data capture measures such as studying which pages you read the most and the use of cookies;

In any of the above cases the data we collect could be personal data.

What do we do with your personal information?

When you apply via the site, we may need to collect information about you to process the transaction, fulfil your order and provide you with the services you expect. This information may include, but is not limited to, details such as your name, your address and your email address.

Unless we have your express consent we will only disclose personal data to third parties if this is required for the purpose of providing you with your loan. This is of course subject to the proviso that we may disclose your data to certain permitted third parties, such as members of our own group, our own professional advisers who are bound by confidentiality codes, to help process and administer any loan that you require and when we are legally obliged to disclose your data.

Prism Finance retains and uses your personal information to provide you with the best online e-commerce experience by providing you with a personalised service and to give you details of offers which we think will be of interest to you. We may also use the information to process any transactions you undertake with us and for internal administration and analysis.

We do not sell, rent or trade your personal information to third parties for marketing purposes without your express consent.

Data

In the UK we operate and are registered in accordance with applicable data protection legislation. Prism Finance conforms to the requirements of the Data Protection Act, 1998. ("The Act")

DATA PROTECTION ACT 1998

I/we confirm that I/we have the consent of any third party whose details I/we may disclose to Prism Finance ("You") to disclose such details and to authorise You and the third parties referred to in the paragraph below to process such details for the purposes of assessing my/our application and administering and enforcing any subsequent loan which may be granted to me/us. I/we also confirm that you have my/our permission to pass my/our details to more than one lender/broker to find me/us the best possible rate for my/our circumstances. I/we agree that You and any lender or broker partner resulting from this application (the "Lender or Broker") shall be entitled to use and process, by any medium, the information given by me/us in this application form and any other information about me/us which may be acquired during the lifetime of any loan ("the Data") for the following purposes:-

i providing the information to and searching the files of one or more licensed credit reference agencies (such agencies will keep a record of such search to confirm the information and for the purposes of credit assessment or account administration).

ii To disclose the information to credit reference agencies when requested by them for consideration of any future applications for finance made by you or members of your household/family or for fraud prevention and/or tracing debtors - the agencies may also disclose your information to other lenders for these purposes.

iii To disclose the information to any of our broker partners and/or to other potential lenders/mortgagors and/or to mortgage brokers or third parties (e.g. debt counsellors and insurers) for the purposes of assessing your application, and administering and enforcing any subsequent loan which may be granted.

iv Disclosing the data to any third party who replaces Prism Finance in its capacity as a broker.

Information held by us will be processed only for purposes for which we have registered under the Data Protection Act. Upon you making a request in writing we will provide you with a copy of the information which we hold concerning you on payment of a fee of £5.

Consent

By disclosing your personal information to us using this website or over the telephone, you consent to the collection, storage and processing of your personal information by Prism Finance in the manner set out in this Privacy Policy.

Change/Modify Details

Prism Finance is a licensed credit broker registered with the Office of Fair Trading Licence Number: 561551

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER DEBT SECURED ON IT

Special plans on different terms for clients with CCJ's arrears, and for the self employed without income proof. (fees may apply but only on problem cases - max 10% - no deal, no fee) Written quotations available on request. Other terms and amounts available. All finance subject to status in the United Kingdom to home owners aged 18 and over and may incur a second charge on your property.

*Only applies to certain loan products. It is not offered by all lenders and is a deferred payment product subject to status. Interest is charged from the date of completion, with payments spread over the length of the term, less 5 payments i.e.: 180 months term, interest payments will be spread across 175 months.

**As a 'Thank You' to our customers, every application automatically enters you into our monthly draw (starting in Dec 2004) where you can win a DVD Recorder. The draw will take place on the last day of each month and the winner will receive their prize, delivered to them free of charge, as soon as possible after this date. Applicants must be over 18 years old. No purchase is necessary. A list of winners will be available by writing to us at Dixcart House, Sir William Place, St Peter Port, Guernsey, Channel Islands. GY1 1GX