Privacy Policy

Arkle Finance Privacy Policy
Use of Personal Data

This document sets out the basis for our handling and processing of Personal Data.

Personal Data means any information relating to an identifiable person who can be directly or indirectly identified in particular by reference to an identifier.

 

 

How we use your information

In order to process your application we need to perform credit and identity checks on you with one or more credit reference agencies (“CRAs.”) To do this, we will supply your personal information to CRAs and they will give us information in return about you, your financial situation and financial history. When CRAs receive a search from us they will place a search footprint on your credit file that may be seen by other lenders. CRAs will supply to us both public (including electoral register) and shared credit, financial situation and financial history information as well as fraud prevention information.

We will use this information to:

  • Assess your creditworthiness and whether you can afford a product;
  • Verify the accuracy of the data you have provided to us;
  • Prevent criminal activity, fraud and money laundering;
  • Manage your account(s);
  • Trace and recover debts; and
  • Ensure any offers provided to you are appropriate to your circumstances.

If you make joint application we will link your records together, so you should make sure you discuss this with your partner/spouse/financial associate and share this information with them before lodging the application. CRAs will also link your records together and these links will remain on your file and theirs until such time as you or your partner successfully files for a disassociation with the CRAs to break that link.

We will continue to exchange information about you with CRAs while you have a relationship with us. We will also inform the CRAs about any settled accounts. If you borrow and do not repay in full or on time CRAs will record the outstanding debt. This information may be supplied to other organisations by CRAs. We will retain information on our files for a period of six years after your relationship with us comes to an end.

Identities of the CRAs, their role as fraud prevention agencies, the data they hold, the ways in which they use and share personal information, data retention periods and your data protection rights with them are explained in a Credit Reference Agency Information Notice (“CRAIN”) more detail of which can be found at www.equifax.co.uk/crain. CRAIN is accessible from each of the three CRAs – Equifax, Experian and Callcredit.

We will not disclose any personal information to any company outside the Weatherbys Group, which includes Arkle Finance Limited and Weatherbys Bank Limited, except to CRAs as indicated above, to help prevent fraud or if we are required to do so by law.

You can find a full copy of the Privacy Policy of our parent company at www.weatherbys.bank/privacy-policy.