In considering whether to enter into this agreement, we will search your record at credit reference agencies. They will add, to their record about you, details of our search and your application and this will be seen by other organisations that make searches. This and other information about you and those with whom you are linked financially may be used to make credit decisions about you and other members of your household. If a proposal is accepted, additional searches may be carried out during the lifetime of the agreement, without further consent being obtained.
We may use a credit scoring or other automated decision making systems. We will also add to your record with the credit reference agencies details of your agreement with us, any payments you make under it and any default or failure to keep to its terms. These records will be shared with other organisations and may be used and searched by us and them to:
(a) consider applications for credit and credit related searches, such as insurance, for you and any associated person; and (b) trace debtors, recover debts, prevent or detect money laundering and fraud, and to manage your account(s)
It is important that you provide us with accurate information. We may check your details with fraud prevention agencies and if you provide false or inaccurate information or we suspect fraud, this information may be recorded.
Fraud prevention agency records will be shared with other organisations to help make decisions on credit, motor, household, life and other insurance proposals or claims, for you and members of your household.
We will use personal information about you which we acquire in connection with any application you make to us, or any agreement you enter into with us, to manage your agreement and for statistical or market research purposes.
Please telephone or write to us if you want to have details of all the credit reference agencies or any other agencies from whom we obtain, and to whom we pass, information about you. You have a legal right to these details. You have a right to receive a copy of the information we hold about you if you apply to us in writing. A fee may be payable.
We reserve the right to take an email address, mobile and home telephone numbers from you which we may use to contact you in connection with any application or agreement that you enter into with us. These records will not be shared with any other organisation.
By consenting to this Privacy Policy you give permission to Dynamic Funding Ltd’s associated lenders to run personal credit searches on all directors and shareholders of the business. Credit searches can be carried out from the point of receiving such personal data on associated directors and shareholders. Dynamic Funding Ltd’s lending panel will have full authority to carry out necessary credit searches if required for the purpose of business funding applications.
USE OF ASSOCIATED RECORDS We may, before entering into this agreement, search records at Credit Reference Agencies which may be linked to your spouse/partner, or other persons with whom you are linked financially and other members of your household. For the purposes of any application or this agreement you may be treated as financially linked and you will be assessed with reference to "associated" records.
Where any search or application is completed or agreement entered into involving joint parties, you both consent to us recording details at credit reference agencies. As a result an "association" will be created which will link your financial records and your associate's information may be taken into account when we or another lender make a future search unless you file a "disassociation" at the credit reference agency.