At my request providing my application is successful, would you please send one of your Representatives to my home to finalise my Personal loan application. I agree that Naylors Finance Ltd may search the files of a credit reference agency which will keep a record of the search. The search may be used to obtain information about me and those with whom I am linked financially, and other companies may also use it. If I give you false or inaccurate information and you suspect fraud or money laundering, you will record this and share this information with other organisations.
In order to process your application, we will perform credit and identity checks on you with one or more Credit Reference Agencies (CRA’s). Where you are taking banking services from us we may also make periodic searches at CRA’s to manage your account with us.
To do this, we will supply your personal information to CRA’s and they will give us information about you. This will include information from your credit application and about your financial situation and financial history. CRA’s will supply to us both public (including the electoral register) and shared credit, financial situation and financial history information and fraud prevention information.
We will use this information to:
We will continue to exchange information about you with CRA’s while you have a relationship with us.
We will also inform the CRA’s about your settled accounts. If you borrow and do not repay in full and on time, CRA’s will record the outstanding debt. This information may be supplied to other organisations by CRA’s.
When CRA’s receive a search from us they will place a search footprint on your credit file that may be seen by other lenders.
If you are making a joint application or tell us that you have a spouse or financial associate, we will link your records together, so you should make sure you discuss this with them, and share with them this information, before lodging the application. CRA’s will also link your records together and these links will remain on yours and their files until such time as you or your partner successfully files for a disassociation with the CRA’s to break that link.
The identities of the CRA’s, their role also 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 the CRA’s are explained in more detail in the Credit Reference Agency Information Notice (CRAIN)