AAA Financial Corporation Pty Ltd, the Credit Provider (and Affiliates) and the lenders mortgage insurers listed below may use the personal information about you for the purpose of arranging or providing credit, insuring credit and for direct marketing of products and services offered by the Originator, unless you tell us you would not like to receive direct marketing about the products we think might interest you.
The information provided by you will be held by the Originator and the lenders mortgage insurers. You can gain access to the information held about you by contacting the Originator.
1. Collection of your personal information and credit-related personal information
We, AAA Financial Corporation Pty Ltd (herein known as “The Originator”), collect your personal information and credit-related personal information to assess your application, to provide you with the product or service that you have requested and to assess any future applications for products or services you may make to us or our Affiliates. If you are a guarantor we collect your personal information and credit-related personal information to assess whether to accept you as a guarantor for credit applied for, or provided to, the borrower. Collection of some of this information is required by the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. If you provide incomplete or incorrect information we may be unable to provide you with the product or service you are applying for.
2. Collection of personal information and credit-related personal information about third parties
We may need to collect personal information and credit-related personal information about a third party from you as part of this application. If we do this, you agree you will advise that person that we have collected their information. Further details about how we process personal data can be found at www.aaafin.co.uk/gdpr, and third parties of the information we hold about them.
3. Use and disclosure of your personal information and credit-related personal information
We may use your personal information and credit-related personal information to perform our business functions (for example internal audit, operational risk, product development and planning). We may also use your personal information to confirm your details (for example contacting your employer to confirm your employment and income details).
We treat your personal information and credit-related personal information as confidential and only disclose it to others where necessary. For example, we usually disclose your information to organisations to whom we outsource functions such as mailing and printing houses, IT providers, our agents and specialist advisers such as accountants and solicitors. Other disclosures usually include joint account holders, account operators and account applicants, Credit Reporting Bodies (as defined below), insurers, intermediaries, valuers, debt collection agencies and government authorities. Your information may also be disclosed to our Affiliates and joint venture partners where its confidentiality is maintained at all times.
4. Disclosure of personal information and credit-related personal information to overseas organisations
Some of the organisations we disclose your personal information and credit-related personal information to may be located overseas. Where an organisation is located overseas we will ensure that it is processed in accordance with applicable data protection legislation.
5. Access to and correction of your personal information and credit-related personal information
In most cases you can gain access to and seek correction of your personal information and credit-related personal information. Should you wish to do so, or if you have any queries about your information, please contact us.
6. Collection, use and disclosure of your credit-related personal information
By signing this application you agree that we can do all of the following:
- Commercial credit-related personal information
Seek and use commercial credit-related personal information to assess an application for consumer credit or commercial credit. - Consumer credit-related personal information Seek and use consumer credit-related personal information to assess an application for consumer credit or commercial credit.
- Collection of overdue payments Seek and use a credit report provided by a credit reporting body to collect overdue payments.
- Exchange of information between credit providers Seek from and use or give to another credit provider (including a credit provider who has lent money on the same security) any information or opinion about credit worthiness, credit standing, credit history or credit capacity.
- Exchange of information with intermediaries Seek from and use any consumer or commercial credit-related information from or disclose that information to, any introducer, financial adviser, accountant, originator, lawyer, or other intermediary (including any intermediary mentioned on the front page of this application form) acting in connection with any credit applied for or provided.
- Provide credit information to credit reporting bodies In this privacy disclosure statement, the “Credit Reporting Body” means each of the organisations (whether acting individually or together) listed in the “Schedule”, we give to a Credit Reporting Body credit information. Credit information includes, to the extent applicable:
- identification information;
- consumer credit liability information;
- repayment history information;
- a statement that an information request has been made in relation to you by us, or a mortgage insurer or trade insurer;
- the type of consumer credit or commercial credit, and the amount of credit, sought in an application:
- that has been made by you to us; and
- in connection with which we have made an information request in relation to you;
- default information;
- payment information;
- new arrangement information;
- court proceedings information;
- personal insolvency information;
- publicly available information:
- that relates to your activities in Australia or the external Territories and your credit worthiness; and
- that is not court proceedings information about you or information about you that is entered or recorded on the National Personal Insolvency Index;
- in our opinion that you have committed, in circumstances specified by us, a serious credit infringement in relation to consumer credit provided by us to you.
The Credit Reporting Body may include the information given by us in reports provided to other credit providers to assist them to assess your credit worthiness. The Credit Reporting Body has a policy for managing your credit information that you may access by contacting them. In some cases a Credit Reporting Body may use your information for pre-screening your eligibility to receive direct marketing from us or other credit providers. If you do not want a Credit Reporting Body to do this contact the Credit Reporting Body. Where you believe on reasonable grounds that you have been or are likely to be a victim of fraud you may request a Credit Reporting Body not to use or disclose your information. - Seek and use information from Fraud Prevention Agencies
The personal information we have collected from you will be shared with fraud prevention agencies who will use it to prevent fraud and money laundering and to verify your identity. If fraud is detected, you could be refused certain services, finance or employment. Further details of how your information will be used by us and these fraud prevention agencies, and your data protection rights, can be found in the Lender’s Privacy Policy. - Provide information for securitisation
Disclose any report or information to another person in connection with funding by means of an arrangement involving securitisation. - Provide information to guarantors
Disclose any information to any person who proposes to guarantee or has guaranteed repayment of any credit provided.
7. Privacy Policy and Credit Reporting Policy
You can refer to the Privacy Policy and Credit Reporting Policy of your Originator, Lender, Credit Reporting Body on the links provided in the “Schedule”. Our Privacy Policy contains information about:
- how you can access and seek correction of your personal information;
- how you can complain about a breach of the privacy laws by us and how we will deal with a complaint;
- if we will disclose personal information to overseas entities, and where practicable, which countries those recipients are located in.
Our Credit Reporting Policy contains information about:
- how you can access and seek correction of your credit eligibility information;
- how you can seek correction of your credit information;
- how you can complain about a breach of the credit reporting laws by us and how we will deal with a complaint;
- if we disclose your credit information or credit eligibility information to overseas entities, and where practicable, which countries those recipients are located in.
Our Privacy Policy and Credit Reporting Policy is available upon request or can be found on the website noted below.
Schedule
In this Notice, the “Lender” means each and every one of the following organisations (whether acting individually or together):
| Lender (and their associated entities) | RCN | Its privacy policy is set out at... |
|---|---|---|
| ColCap Financial UK Limited | 14127877 | https://colcap.co.uk/privacy-policy/ |
| Molo Tech Ltd | 10510180 | https://molofinance.com/terms-and-cond/privacy-policy/ |
| In this Notice, the " Credit Reporting Body” means each and every one of the following organisations (whether acting individually or together): |
||
| Credit Reporting Body | RCN | Its privacy policy is set out at... |
| Experian | 00653331 | https://www.experian.co.uk/privacy/ |
| Originator | ABN | Its privacy policy is set out at... |
| AAA Financial Corporation Pty Ltd | 83 065 481 505 | www.aaafin.co.uk/privacy.html |
8. Protection of Personal Data
We will take reasonable steps to protect your personal information by storing it in a secure environment. We may store your personal information in a paper and electronic form. We will also take reasonable steps to protect any personal information from misuse, loss and unauthorised access, modification or disclosure. Measures are taken to ensure the integrity, prudence, and competence of persons having access to personal data. Data is only transmitted by secure means to prevent unauthorized or accidental access.
9. Outsourcing Arrangements:
We may engage with local third-party service providers to maintain some of our IT systems and websites. All our service providers are bound by contractual duty to keep confidential any data they come into contact with against unauthorized access, use and retention.
10. GDPR Statement
To see our GDPR Statement please go to www.aaafin.co.uk/gdpr.html