Light Finance Privacy Policy
lightfinance.co.uk acts as a credit broker, not a lender.
Summary
Below is a summary of some key terms set out within this Privacy Policy. We are committed to protecting your personal information when you use our site and we want you to be confident that your personal information is safe and secure with us. This Privacy Policy explains how we use your personal information including the following:
- What personal information do we collect
- How we use your personal information which is gathered
- Who your personal information is shared with;
- How we communicate with you; and
- Your rights and choices you have when it comes to your personal information
Use of our Site is subject to the terms of this Privacy Policy and our Terms and Conditions. If you do not agree to these terms, please stop using our Site/Services immediately.
We process your personal data in order to provide you with the service that you have applied for using our site. We act as a credit broker where your application will be shared with our panel of lenders, credits brokers and alternative solution providers. See "How do we use your personal information" for further details.
This Privacy Policy may change from time to time so please check this page when using our site to ensure that you are happy with any changes.
If you wish to make an enquiry or exercise any of your rights as set out in this Privacy Policy, please contact our Compliance Department at compliance@tfli.us
Who Are We?
lightfinance.co.uk is a trading name of TFLI (US) INC who is an Appointed Representative of TFLI Limited who acts as a credit broker, not a lender and is entered on the Financial Services Register under reference number: 723630. TFLI (US) INC is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 946605.
TFLI (US) INC is registered in the United States of America (Company number P20000059850). Registered Office: 1200 Brickell Avenue Suite 1950 #1016. Miami, Florida 33131. Licenced by the Information Commissioner's Office, Registration Number ZB053626).
TFLI (US) INC is a controller in relation to the processing of personal information that is provided when you complete our application. If you want to contact our data protection officer or you have any data protection questions, please contact our Compliance Department.
How Do We Collect Information From You And Where From?
From you - personal information we collect will be directly from you when you use the site to submit an application. We will collect the information from you via our websites, mobile applications, or other similar devices or applications operated by or on behalf of TFLI US INC an Appointed Representative of TFLI Limited who acts as a credit broker.
From our partners - if you have made applications with one of our partners regarding a loan application your personal information may be shared with us to find you a loan.
The personal information we collect when you use our site to make an application includes, but is not limited to, your: name, current and previous addresses, residential status, date of birth, marital status, number of dependents, residential status, value of property, time at address, mobile number, email address, employment status, income details, bank account and sort code, loan amount, loan purpose, loan outcome, IP address and device type.
We do not collect any personal information from children, or about children, nor do we collect any sensitive or special category data.
In the course of finding you a lender, we may store information about how you use our site, for example, the pages viewed, the platform from which you came to visit our site and the application completion.
We may monitor or record your calls, emails, SMS or other communications but we will do so in accordance with data protection legislation and other applicable laws. Monitoring or recording will always be for business purposes, such as for quality assurance and training (for example where calls or emails have been sent to our customer service department) to enable us to deliver our services.
Note that it is your responsibility to check and ensure that all information, content, material or data you provide on this site is correct, complete, accurate, and not misleading and that you disclose all relevant facts.
How Do We Use Your Personal Information?
- to enable you to access and use the services;
- passing it to our trusted partners including companies whose products or services are included on our site, with a view to them providing you with an online or telephone quote for finance requested by you. When our trusted partners use your personal information to provide a quote they will act as data controllers of your personal information - you can see a list of our partners in section 5 below;
- to process an application between you and a third party such as the lender, credit broker or alternative solution provider;
- where you consent to receive a credit score and/or credit report (as applicable) for the purpose of the application, this will leave a footprint (also known as a 'soft' search) on your credit file, which does not affect your score and is not visible to lenders, but will be visible to you.
- to communicate with you at your request to offer help and support and to resolve any Service issues;
- to communicate with you, including some or all of the following:
- to track sales, which may involve us sharing data with your product provider relating to the product(s) you have purchased. Your product provider may also send us information they hold relating to the product(s) you have purchased for this purpose;
- to circulate our customer survey review which is available to customers once an application has been completed;
- to send you marketing messages regarding financial service products such as personal loans, secured loans, and mortgages;
Keeping you informed about our services: where you agree that we will contact you via email and/or SMS, in relation to our similar financial products such as personal loans, secured loans, mortgages and life insurance services that may interest you.
Whenever you provide us with personal information, where necessary we will seek your consent and/or we will give you an opportunity to tell us you do not consent to the use and sharing of your information for marketing purposes. Unless you tell us otherwise, you are consenting to such use.
You can withdraw your consent to us and our panel of finance providers (Lenders) credit brokers and alternative solution providers processing your personal data for the purposes of the application at any time by clicking the "unsubscribe" option in any SMS, Email, or within the communications sent by partners. You can also email us at compliance@tfli.us
Who Do We Share Your Personal Information With?
When you complete an application, you consent to us disclosing your personal information to the following parties:
- lightfinance.co.uk and TFLI (US) INC: (i) to communicate with you, including sending you information about products and services which may be of interest to you; (ii) to speed up form filling, or to personalise, or improve your experience on its website, mobile applications or other similar devices, channels or applications; or (iii) in accordance with its privacy policy.
- TFLI Limited acts as a credit broker who will process your finance application and share your personal data with their panel of Lenders, Credit Brokers, Credit Line, Guarantor Lenders, and Credit Builders listed below in the Trusted Third Parties section, you can also view details to how they will process your personal data within their privacy policies.
- Lenders, Credit Brokers and Alternative Providers as detailed below. They will contact you directly with regards to your finance application:
Services Provided Company Details: Privacy Policy: Credit Brokers Autofunder is a trading name of TFLI US INC Privacy Policy Best Loans is a trading name of TFLI US INC Privacy Policy Cheap Loans is a trading name of TFLI US INC Privacy Policy ConsumerExperts is a trading name of TFLI US INC Privacy Policy Everything Financial Technologies Limited Privacy Policy Freedom Finance Limited trading as Aro Privacy Policy Light Finance is a trading name of TFLI US INC Privacy Policy Low Loans is a trading name of TFLI US INC Privacy Policy Monevo Limited Privacy Policy Credit Line GAIN Credit LLC trading as Lending Stream Privacy Policy Lenders PDL Finance Limited trading as Mr Lender Privacy Policy Loans 2 Go Limited Privacy Policy My Finance Club Limited Privacy Policy Trusted Third Party Services Company Details: Privacy Policy: Life Insurance TFLI Limited trading as Livesinsured.co.uk Privacy Policy Personal & Short Term Loans Credit Brokers Best Loans is a trading name of TFLI (US) INC who is an Appointed Representative of TFLI Limited Privacy Policy Light Finance is a trading name of TFLI (US) INC who is an Appointed Representative of TFLI Limited Privacy Policy Low Loans is a trading name TFLI (US) INC who is an Appointed Representative of TFLI Limited Privacy Policy - the Financial Conduct Authority and/or other regulatory/governing bodies, for the purposes of compliance monitoring;
- Google and Facebook to enhance targeting/exclusions from advertising.
- Credit Reference Agencies and Other Agencies where we collect your data and share with organisations where they have a lawful reason, which will include these organisations' own legitimate interests. The data will be used to trace individuals, verification and/or validation of the identity of individuals for the purpose of, but not limited to, anti-money laundering regulations, national security, crime prevention and detection, anti-fraud processes, asset recovery and asset reunification.
- Under data protection laws we are permitted to share some information where the reason for doing so is legitimate and isn't outweighed by the effects it will have on the relevant individuals. On that basis, we may pass your data to TransUnion (https://www.callcredit.co.uk/legal-information/bureau-privacy-notice) or similar organisations who may combine it with data from other sources, analyse and profile it (such as by predicting information about you), and pass their knowledge on to other companies to help trace you to provide important information or return assets to you. Your data may also be used in a similar manner to aid debt recovery and to prevent fraud by helping to identify you (for instance when you are applying for new products). TransUnion, and similar organisations also provide your data to other organisations to support the assessment of credit risk, pricing and affordable payments. If you do not wish for your data to be used this way by TransUnion, or any other organisations for this purpose then please email us at compliance@tfli.us or refer to this policy.
Where permitted by data protection and privacy law, we may also disclose information about you (including electronic identifiers such as IP addresses) and/or access your account:
- if required or permitted to do so by law;
- if required to do so by any court, the Financial Conduct Authority, the Competition and Markets Authority or any other applicable regulatory, compliance, Governmental or law enforcement agency;
- if necessary, in connection with legal proceedings or potential legal proceedings; and/or
- in connection with the sale or potential sale of all or part of our business.
- Google and Facebook to enhance targeting/exclusions from advertising.
- TFLI (US) INC collect your data and will share it for commercial gain with third parties. These organisations will have a relationship with you or it may be used where they have a lawful reason, which may include these organisation's own legitimate interest. Use includes tracing of individuals, verification and/or validation of the identity of individuals for the purposes of, but not limited to, anti-money laundering regulations, national security, crime prevention and detection, anti-fraud processes, asset recovery and asset reunification.
You can object to us processing your data in this way by contacting our Compliance Department at compliance@tfli.us or using the contact details stated in section 12.
FRAUD PREVENTION AGENCIES (FPA'S)
If we reasonably believe false or inaccurate information has been provided, including in relation to a person's identity, and fraud is suspected, details, including personal data may be passed to fraud prevention agencies to prevent fraud and money laundering.
Your details may be passed to statutory bodies, regulators, legal bodies, credit reference agencies, fraud prevention entities and identity and address verification agencies who may record and use your details. They may also disclose your information to other organisations for credit reference, debt tracing, and fraud and money laundering prevention purposes. If you have any queries regarding these uses, please contact the relevant organisation.
By submitting an application form on our site, you confirm that all of the information provided is true and accurate. You also, when applying, authorise the lender or finance provider to use both fraud prevention and credit referencing agencies to help make relevant decisions. Credit checks and credit reference agencies can also help prevent fraudulent applications.
What Is a Fraud Prevention Agency?
Fraud Prevention agencies (FPA) collect, maintain and share information on any known or suspected fraudulent activity.
They work in the following ways with various organisations:
- If false or inaccurate information is provided and fraud is identified, details will be passed to Fraud Prevention Agencies
- Law enforcement agencies may access and use this information.
- FPA's along with ourselves and other organisations, may also access and use this information to prevent fraud and money laundering, for example, when:
- Checking details on applications for credit and credit-related accounts, or other, facilities;
- Managing credit and credit-related accounts or other facilities;
- Recovering debt;
- Checking details on proposals and claims for all types of insurance; and,
- Checking details of job applicants and employees.
- We, and other organisations may also access and use the information recorded by FPAs from other countries.
You have the right to object to this processing at any time by contacting us at compliance@tfli.us
How We and Our Partners May Contact You as Part of Your Application?
We, and our panel of lenders, credit brokers and alternative solution providers, will keep you informed about the progress of your application. Unless you state otherwise you may be contacted via telephone, email and SMS. (see further section on 'How we keep you informed)
Lawful basis for collecting your personal information
We rely upon a different lawful basis to process your personal data according to the reason for which you have provided your data to us.
Our use of your personal data will always have a lawful basis.
Consent:
When you submit your application with TFLI (US) INC who is an Appointed Representative of TFLI Limited, will process your personal data on the basis that you have provided your consent to be contacted by TFLI (US) INC who is an Appointed Representative of TFLI Limited, our panel of finance providers (Lenders), credit brokers and alternative solution providers in relation to your application.
You can withdraw your consent to us and our panel of finance providers (Lenders), credit brokers and alternative solution providers processing your personal data for the purposes of the application at any time by clicking the "unsubscribe" option in any SMS, Email, or within the communications sent by partners.
Alternatively, you can withdraw your consent by contacting our Compliance Department at compliance@tfli.us or using the contact details stated in sections 8/ 18. If you change your mind about agreeing to us processing your personal data, this will not have any effect on the lawfulness of any processing we have carried out before you changed your mind.
Contract:
Your personal data will also be processed on the basis that we need this information to fulfil our obligations under the contract we have entered into with you by providing you with a finance quote. TFLI (US) INC who is an Appointed Representative of TFLI Limited, our panel of finance providers (Lenders), credit brokers and alternative solution providers will contact you regarding your application.
You can object to us processing your data in this way by contacting our Compliance Department at compliance@tfli.us or using the contact details stated in sections 8/ 18. In addition, if you object to your personal information being used in this way you should stop using our site/services immediately.
Legitimate Interest:
We have a legitimate interest in processing your data (i.e. to share your application with our panel of finance providers (Lenders) credit brokers and alternative solution providers to obtain the service you have applied for.
It also includes processing your data for tracing, verification and validation of identity. Tracing could take place for the purpose's debt collection fraud prevention and anti-money laundering processes and asset reunification. Checking of individual identities. Age verification and authentication. Individual reference or lookup services. Know your customer due diligence services.
You can object to us processing your data in this way by contacting our Compliance Department at compliance@tfli.us or using the contact details stated in sections 8/ 18. In addition, if you object to your personal information being used in this way you should stop using our site/services immediately.
How You Contact Us
If you are required to telephone us using the specified telephone numbers on our website under the Contact or advertising/marketing correspondence then your call may be recorded for training, quality and regulatory purposes.
You can also contact us by sending an email us at compliance@tfli.us
By Post:
TFLI Limited (on behalf of TFLI (US) Inc)
First Floor Beechwood Court
Springwood Way
Tytherington Business Park
Macclesfield
Cheshire SK10 2XG
By Telephone: 01625 32 25 55
We pride ourselves in complete customer care and this gives us the opportunity to continuously improve and monitor our customer experience.
How We Keep You Informed
We may want to make contact with you at some point in order to keep you informed regarding offers on products or services which we think you may find of interest; this contact will be made via email and SMS. Third parties may also wish to contact you from the information we have shared with them regarding the loan application, any information that is shared with third parties is completely trusted for the purpose it is specified for, third parties may also use the same means of contact stated above.
As part of the application process/ finance journey, if we / our partners are unable to offer you the finance you are looking for, we and, or third parties, may pass your details onto another lender, Credit broker and alternative solution provider, who may need to carry out a further credit check. Whilst the lender or third party will make contact with you to confirm whether your application has been successful, they will have their own privacy policy and we recommend you refer to them, upon making your application, you will be requested to agree to their use of your information.
Should your application be declined, you may be contacted by third-party alternative solution providers.
What Marketing Communications Will I receive?
Soft opt-in is an exception to the general requirement to obtain consent before sending direct marketing to you by electronic means (such as email or text message for example) and applies where you have previously engaged with us (for example by submitting your contact details on our website to make an enquiry about Our Service), and we are marketing our similar products and services. Under the 'soft opt-in', we will assume you still want to hear about our other related products and services until you opt-out or unsubscribe. For most customers, this is beneficial as it allows us to tell you about our other similar products and services that we think would be useful to you alongside the specific one you originally expressed an interest in.
Unless the customer states otherwise we will contact you via means of SMS and Email to provide marketing communications and alerts relating to our services and our associate products where you have consented to be contacted.
You can withdraw your consent within the application process within the opt-in statement where you can confirm your contact preferences. In addition, you can withdraw your consent at any time by clicking the "unsubscribe" option in any SMS, Email, or by emailing us at compliance@tfli.us.
Ensuring Your Personal Details & or Preferences Are Kept Up To Date
It is your responsibility to ensure that any information we have on record for you is kept up to date and correct. If you do require any of your information to be updated then please contact us as soon as possible so we can ensure it is corrected.
If you require your preferences to be updated then please contact our Compliance Department as soon as possible at compliance@tfli.us
Who Might Our Panel of Lenders / Credit Brokers Share Your Personal Information with?
Some of our providers will use your personal information to assess your circumstances (including information about any third party who is named on the application) and verify the information that you have provided before providing a quote to you. Some providers may carry out checks with fraud prevention and credit reference agencies. Both public data (e.g. the electoral roll) and private data (e.g. your personal credit history) may be checked in this way.
Some providers may carry out checks against data they already hold on you, (or is held by the company whose brand they administer the product for, or members of their group of companies) such as data from existing products, account data, data from previous product transactions, accounts you may hold with them or loyalty scheme data to share with lenders in order to determine your finance amount. If providers carry out these searches, a record of the search will appear on your credit report. Some providers may also check public and private higher education sources to obtain information about your educational background.
This information exchange allows providers to verify the information that is provided during the quote process (including information about any third party who is named on the policy), and also helps to detect fraudulent applications/loans. These checks are not unique to users of our Services - they may also be carried out if you obtain quotes from other sources.
If you decide to enter into a finance agreement, the information you have provided to us, together with any further information requested by, and supplied by you or us to the third-party provider, will be held by the provider for the purposes set out in that provider's privacy policy. Therefore, you are strongly advised to read your chosen provider's privacy policy and satisfy yourself as to the purposes for which the provider will use your personal information before entering into the financial agreement.
How Secure Is Our Site and What Steps Do We Take to Keep Your Personal Information Safe?
Our Sites are "Let's Encrypt Secure Websites" and keeping information about you secure is very important to us. However, no data transmission over the internet can be guaranteed to be totally secure. Sensitive information, for example, your card details, is encrypted to minimise the risk of interception during transit.
We do our best to keep the information you disclose to us secure. However, we can't guarantee or warrant the security of any information which you send to us, and you do so at your own risk. By using our Sites you accept the inherent risks of providing information online and will not hold us responsible for any breach of security.
Where Will Your Personal Data Be held?
Your personal data may be held within the European Economic Area (EEA) or outside the EEA. If any personal data is transferred or stored outside of the EEA, we check whether the EU Commission has determined that it will be afforded the same level of protection as it would within the EEA (this is called an adequacy decision). If it will not, we will ensure any such transfer is subject to appropriate safeguards (for example by putting appropriate contractual provisions in place with relevant third parties to provide us with reassurance about the security of your personal data) or is otherwise permitted (for example with your express consent to transfer) in accordance with the provisions of the GDPR.
Rights of Access to Your Personal Information
You have certain rights under the General Data Protection Regulations. For example, we will always let you have a copy of the personal information we hold about you, if you request it from us in writing.
- Right to be informed when we collect your data, we have to tell you what we are going to do with it primarily through this Privacy Policy and within the opt-in/consent statement.
- Right to Object - because you have asked us to help you find a financial product or service, we need to process the personal information you give us to enable us to find the best product or service available amongst our panel of Lenders, Credit Brokers and Alternative Solution providers. You can object to this processing at any time by sending us an email at compliance@tfli.us. We will action any request you make promptly, although this will mean that we will not be able to help you find the financial product or service that you asked us to search for.
- Right of Access - you can ask us at any time to confirm whether we hold your personal information, and if so, you can access it by emailing us at compliance@tfli.us at: Compliance Department.
- Right to rectification - if we hold personal information about you that is inaccurate, you can ask us to correct it, and we will do this as quickly as possible.
- Right to erasure - if it is no longer necessary for us to hold your personal information bearing in mind the reason why you provided it to us, you can ask us to delete it. If you ask us to do this, we will delete your personal information as soon as possible although this will mean that we may not be able to help you find the financial product or service that you asked us to search for.
- Right to restrict our use of your information - you can ask us to restrict our processing of your personal information if you think for example that the personal information you gave us is inaccurate. This may mean that we may not be able to help you find the financial product or service that you asked us to search for.
- Right to data portability - this gives you the right to ask a holder of your information to transfer that information to another business. This right would most commonly be used if you were switching banks, insurance companies and utility companies.
- Right related to automated decision-making including profiling - You have a right to object to automated decision-making, to express your point of view, ask for human intervention, and to be provided with an explanation of the decision with your option to challenge it. You can request this by emailing us at compliance@tfli.us
- Right to complain to the Information Commissioner's Office (ICO) - we will try to resolve any complaint that you may have in relation to data protection issues. If you are not happy with our final response you have the right to have your complaint dealt with by the ICO. Please refer to our Complaints section How To Make a Complaint below for further information.
To make enquiries and/or exercise any of your rights set out in this Privacy Policy please contact our Customer Services Team ast compliance@tfli.us
How Long Will We Retain Your Personal Information For?
The amount of time we retain your information for will depend on the reason it was provided:
- If you request to opt out of marketing, we will still need to retain your information in order to evidence your preferences.
- We will need to retain, for a minimum period of 6 years, any information relating to applications you have entered into on our website. This period will commence once your relationship with us has ended. We need to keep your information for this length of time to assist with any potential future complaints.
- Your information/data will not be used for marketing purposes once 12 months have passed following your application.
If you require further information on our data retention policies, please email us at compliance@tfli.us
Right to Opt-Out of Future Contact From Us And Our Trusted Third Parties
You can opt out of future contact from Light Finance at any time. During the application process, you can opt out of future contact within the opt-in statement application page. All of our marketing messages provide an opt-out link - please allow up to 48 hours for us to process your opt-out request. Alternatively, you can email us at compliance@tfli.us where your details will be removed from any future marketing campaigns.
If you are receiving contact from third parties you will need to contact them directly and request them to remove your details.
Your Right to be Forgotten / Erasure of Your Personal Information
Under the General Data Protection Regulation (GDPR), all individuals have the right to request the deletion or removal of personal data (the right to be forgotten) under the following circumstances:
- Where the personal data is no longer necessary in relation to the purpose for which it was originally collected/processed.
- When the individual withdraws consent.
- When the individual objects to the processing and there is no overriding legitimate interest in continuing the processing.
- Personal data was unlawfully processed (i.e. otherwise in breach of the GDPR).
- Personal data has to be erased in order to comply with a legal obligation.
- Personal data is processed in relation to the offer of information society services to a child.
There are some circumstances where the right "to be forgotten" does not apply i.e. where we need to comply with a legal obligation.
If you wish to request your "right to be forgotten" please email us at compliance@tfli.us
Our marketing partners will also be informed of your request where you have stipulated to do so.
How To Make A Complaint
Light Finance always aim to be fair and honest in everything we do, so if you have a complaint about any aspect of our service, we're keen to resolve it as quickly as possible. You can contact us in any of the following ways:
By Email: compliance@tfli.us or
By Post:
Complaints Manager
TFLI Limited (on behalf of TFLI (US) Inc)
First Floor Beechwood Court
Springwood Way
Tytherington Business Park
Macclesfield
Cheshire SK10 2XG
By Telephone: 01625 32 25 55
How we handle your complaint
Once you've made a complaint, the Compliance Department will log the complaint, send you an acknowledgement and try to resolve the concerns within 3 working days of receipt. The acknowledgement will include the name and contact details of the individual dealing with the complaint.
We aim to resolve this as soon as possible usually within 15 working days issuing you with a final response. A final response must be issued within these 8 weeks, and we will always keep you updated on the progress of the complaint.
If for some reason we haven't been able to resolve your complaint within 8 weeks, or you're not satisfied with the resolution you can refer your complaint to the Financial Ombudsman Service.
What if you are still dissatisfied with our response?
If you receive a final response letter from us and you're not satisfied with the resolution, you can contact the Financial Ombudsman Service, you'll need to do this within 6 months of receiving our letter
You can contact the Financial Ombudsman Service by writing to:
Financial Ombudsman Service
Exchange Tower
London
E14 9SR
Telephone:
0800 023 4567
The phone lines are open between 8am and 5pm, Monday to Friday.
Visit the Web site: www.financial-ombudsman.org.uk
Or Email: complaint.info@financial-ombudsman.org.uk
Information regarding the service can be found on the Financial Ombudsman website:
http://www.financial-ombudsman.org.uk/publications/consumer-leaflet.htm
You can report any of your concerns to the Information Commissioner's Office (ICO)
Information Commissioner's Office
Wycliffe House
Water Lane
Wilmslow
Cheshire
SK9 5AF
Tel: 0303 123 1113 (local rate) or 01625 545 745 if you prefer to use a national rate number
Fax: 01625 524 510
Last updated August 2024.