Terms and Conditions for Applications

  • USE OF YOUR INFORMATION: In considering whether to enter into this Agreement we will search your record with us and at CRAs. Your record may be linked to your spouse/partner or other person with whom you are linked financially (“associated records”) in which event you will be assessed with reference to associated records. Please be sure that you have agreements to disclose information about them. Our search may create a “search footprint”. CRAs provide us with both public (including the electoral register) and shared credit and fraud prevention information. They may add to their record about you, details of our search and your application and, where relevant, the name and address of your business and its proprietors. This will be seen by other organisations that make searches and, together with other information about you and those with whom you are linked financially, may be used to make credit decisions about you and those with whom you are linked financially. If you are a director we may seek confirmation from the CRA that the residential address provided is the same as that shown on the restricted register of directors usual addresses at Companies House. We may use a credit scoring or other automated decision making system. We will add to your record with CRAs details of your agreement with us, any payments you make under it and any default or failure to keep to its terms. Records remain on file for 6 years after they are closed, whether you settled the debt or defaulted. It is important that you provide us with accurate information. We may check your details with FPAs. If false or inaccurate information is provided and fraud is identified, details may be passed to FPAs and other organisations to prevent fraud and money laundering. These records will be shared with other organisations and may be used and searched by us and them, for example, to consider applications for credit and credit related services, or other facilities for you and any associated person; check details on proposals and claims for all types of insurance; trace debtors, recover debts and mange your accounts(s); check details of job applicants and employers. Law enforcement agencies may access and use this information, We may make periodic searches at CRAs and FPAs to manage your account with us. We and other organisations may access and use from other countries the information recorded by CRAs and FPAs. We may 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. If we transfer, charge or assign your agreement to a third party or if we employ a third party to manage any aspect or your account , we may pass relevant information about you to them. Your personal data may also be used for other purposes with your specific consent, or in limited circumstances, where required by law or permitted under the Data Protection Act 1998. Where any search or application is completed or agreement entered into involving joint parties, you both consent to our recording details at CRAs. 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 a future search is made by us or any other lender unless you file a “disassociation” at the CRAs. How to find out more: Details of our Privacy Policy and the Credit Reference Agency’s Information Notice (CRAIN) can be found on our website www.stourvale.co.uk or you can contact us to request a printed copy . You also have a right to receive a copy of the information we hold about you.
  • Data handling: In processing this finance application, we will need to share the data provided within our organisation and with other relevant organisations, and other companies that provide services to us. These include, but are not limited to, credit reference agencies (CRAs) and fraud prevention agencies. We do this to assess creditworthiness and product suitability, check identity, manage our customer’s account, trace and recover debts and prevent criminal activity, including fraud and money laundering. The process may also include automated affordability checks, using information provided in the application and the information available with the Credit Reference Agency. Although in the first instances we use a quote ‘soft search’ with a Credit reference agency, they may make a record of credit checks and fraud searches. Using this type of search, the effect on your credit file is minimised. We will not share the data provided with 3rd parties for marketing purposes. 
  • True and not misleading: The details provided for this application must be true and not misleading. Providing false or misleading information in order to obtain finance could be an act of fraud.
  • Contact: This application acts as consent to receiving contact from us by email, phone, text/WhatsApp, using the details provided, with regards to this enquiry.
  • Approval terms: Approval of finance is subject to confirmation of I.D. and affordability, and is subject to terms and conditions. The amount of finance approved may be limited by the value of the vehicle or the affordability assessment.
  • Dealer Commitment: Where the application is provided by the Vehicle Supplier (‘Dealer’), a commitment is made by the Dealer to comply with all relevant data protection, consumer rights and money laundering legislation, and operate in accordance with the FCA handbooks, current at the time of the application.
 
 

Privacy policy

Data Protection is a huge issue in the modern world, Above all, we keep your data safe and we never share it unless it’s absolutely necessary. 

CRAIN

The Credit Reference Agency Information Notice is important to understand how credit reference agencies use personal information.