MyCarLoanNow.com Consumer Privacy Policy
This policy includes information about:
The categories of information that we collect from you during your relationship with us; How we use and share the information that we collect from you; Options available to you to instruct us about how your information may be used or shared; The procedures we follow to protect the information that we collect about you; Our affiliated companies.
This policy covers Customer Information, which means personally identifiable information about a consumer or a consumer's current or former relationship with us. This policy applies to MyCarLoanNow.com and any affiliates listed below. This policy is provided to you as required by the Federal Financial Privacy Law [15 U.S.C. 6801 - 6810].
1. Information Collection
We collect and use various types of information to save you time and money, and better respond to your needs. This Customer Information can be categorized in the following ways:
Application Information: This includes information that you provide to us on applications and through other means. Examples include your assets, income and debt.
Transaction and Experience Information: This includes information about your transactions and account experience, as well as information about our communications with you. Examples include your account balances, payment history, parties to transactions, credit card usage, requests for copies of checks and our responses, and pre-approved credit offers.
Consumer Report Information: This includes information from a consumer report obtained from a consumer reporting agency. Examples include your creditworthiness and credit history.
Information from Outside Sources: This includes information from outside sources regarding your employment, credit and other relationships. Examples include your employment history, loan balances, credit card balances, property insurance coverage and other verifications.
Other General Information: This includes information from outside sources, such as data from public records, which is not assembled or used for the purpose of determining your eligibility for a product or service.
As required by the USA PATRIOT Act, we also collect information and take actions necessary to verify your identification.
2. Information Shared
We may share all the Customer Information that we collect, as described above, for the following purposes:
To provide you with the products and services you requested;
To offer you additional products and services, from us or from others, that may be of interest to you;
To comply with reporting and other legal requirements; and/or
To otherwise conduct business.
MyCarLoanNow.com provides Customer Information to financial service providers, such as banks and finance companies.
Information Sharing with Non-Affiliates as Permitted by Law: We are permitted by law to share all the information we collect with (1) companies that perform marketing services on our behalf and (2) with other financial institutions with whom we have joint marketing arrangements. For example, we may share information with financial services providers with which we offer products such as credit cards or accelerated loan payment programs. We may also share all the information we collect with other nonaffiliated third parties that assist us with preparing monthly statements and with the processing and printing of checks. These other nonaffiliated third parties also include credit reporting agencies to whom we report information about your transactions with us. Please be advised that the opt out rights described below will not apply to the sharing of information with these third parties or to the sharing of information with marketing service providers and joint marketers as described above.
Information Sharing with Other Non-affiliated Third Parties: Unless you request otherwise, we may share all the information we collect, as described above, with additional types of non-affiliated third parties, such as financial service providers (e.g., life insurance companies) and non-affiliated businesses that provide offer value-added packages of products and services. However, you have the right to ensure that nonpublic personal information is not shared with these non-affiliated third parties (other than as permitted by law) by following the "opt out" procedures described below. Some state laws may impose additional restrictions on disclosure of information about customers in those states to non-affiliated third parties for certain purposes.
3. Opt Out Options
If you do not want to receive prescreened offers of credit from this or any other companies, call the consumer reporting agencies toll-free, 1-888-567-8688 or visit the website at www.optoutprescreen.com; or write TransUnion Opt-Out Request PO Box 505, Woodlyn, PA 19094-0505, Equifax Options, P.O. Box 740123 Atlanta, GA 30374, Experian Information Systems, Inc., P.O. Box 919, Allen, TX 75013.
If you have previously opted out, you will not need to do so again, unless you are establishing a new customer relationship with us. If you are calling to opt out of a newly established relationship, please wait 10 days before calling to give us your opt out preferences. We will not share your nonpublic personal information (except as permitted by law) during this 10-day period.
4. Procedures for Protecting Nonpublic Personal Information
MyCarLoanNow.com is committed to protecting the security and integrity of Customer Information through procedures and technology designed for this purpose. For example:
We limit employee access to customer information to those who have a business reason to know this information. Employees are required to honor our code of conduct, which includes standards to protect customer confidentiality. They are subject to disciplinary action if they fail to do so.
We maintain policies and procedures covering the proper physical security of workplaces and records.
Our physical, electronic, and procedural safeguards meet or exceed federal standards regarding the protection of customer information.
We require independent contractors and outside companies who work with us to adhere to strict privacy standards through their contracts with us.
We use technological means (such as backup files, virus detection and eradication software, firewalls, and other computer software and hardware) to protect against unauthorized access or alterations to customer data.
5. Miscellaneous
This policy applies to consumer customer relationships established in the United States.
This version of the Consumer Privacy Policy is effective December 5, 2006. There have been no significant changes to this policy since that date. The policies and practices described in this disclosure are subject to change, but we will communicate any significant changes to you as required by applicable law and will provide you with a copy of the latest version of this policy as required by applicable law. The policies and practices described in this disclosure replace all previous notices or statements regarding this subject.
This notice constitutes our Do Not Call Policy under the Telephone Consumer Protection Act for all consumers and is pursuant to state law.