INSPIRE ASSET FINANCE LTD. PRIVACY POLICY
Inspire Asset Finance Ltd is our trading style operating as a Finance Broker based in Kent. We act as an introducer/advisor/broker/intermediary for our customers. Inspire Asset Finance Ltd is Authorised and Regulated by the Financial Conduct Authority. FRN 729614.
How we will use the information about you
How we will use the information about you
Inspire Asset Finance Ltd takes your privacy seriously and will use your personal information in several ways which will help us:
- Make lender decisions,
- For fraud prevention,
- For audit,
- For statistical analysis,
- Credit reference checks
We may share your information with Lenders, their agents and fraud prevention agencies. We will not disclose your information to any company outside of those to whom we apply for credit on your behalf except to help prevent fraud or if required by law to do so.
For further information on how your information is used, how we maintain the security of your information and your rights to access/alter and change information we hold on you, please contact Alan Bineham at alan.bineham@inspire-finance.co.uk.
For the purposes of Data Protection we will maintain a separate database consisting of just email addresses of those wishing to receive regular emails consisting of news, changes in law and other essential finance information. This is not marketing it is advisory.
Additional marketing
Additional Marketing
However, from time to time we would like to contact you with details of other offers/services we provide. If you consent to us contacting you for this purpose please tick to say how you would like us to contact you:
☐Post
☐Phone
☐Text
☐Automated Call
Your Personal Data:
What we need
What we need
Inspire Asset Finance Ltd will be what is known as the ‘controller’ and the ‘processer’ of the personal data you provide to us. We collect personal data about you which may also include any special types of information or location-based information. 2 [Privacy Notice] v0.5 ©NACFB Compliance 2018.
We also gather
We also gather
Other financial information including Name, Address, Personal & Income details for the purposes of finance application.
Why we need it
Why we need it
We need to know your basic personal data to provide you with an accurate recommendation for your personal circumstances. We will not collect any personal data from you we do not need to provide and oversee this service to you. For processing of data to be lawful under GDPR Inspire Asset Finance Ltd use:
(a)Consent: the individual has given clear consent for us to process their personal data for a specific purpose.
(b)Legal obligation: the processing is necessary for us to comply with the law (not including contractual obligations).
(c)Vital interests: the processing is necessary to protect someone’s life.
(d)Public task: the processing is necessary for us to perform a task in the public interest or for our official functions, and the task or function has a clear basis in law.
(e)Legitimate interests: the processing is necessary for our legitimate interests or the legitimate interests of a third party unless there is a good reason to protect the individual’s personal data which overrides those legitimate interests.
What we do with it
What we do with it
Automated Decision Making: Inspire Asset Finance Ltd will pass your data captured to brokers/lenders/funders/Funders’ Agents who may use automated decision-making in respect of your application for finance. We will only collect the minimum amount of data needed and have a clear retention policy for the profiles we create. You have the right not to be subject to a decision based solely on automated processing, including profiling, which produces legal effects concerning you or any significant affects. You can request human intervention and challenge a decision made this way by contacting Alan Bineham.
All the personal data we use is controlled by Inspire Asset Finance Ltd in the UK, however, for the purposes of IT hosting and maintenance, this information is located on servers within the European Union. No third parties have access to your personal data unless the law allows them to do so. We have a Data Protection regime in place to oversee the effective and secure processing of your personal data. Your data is stored on our cloud encrypted server.
How long do we keep it?
How long we keep it
We are required, in certain circumstances to keep your basic personal data for a minimum of 6 years, after which time it will be destroyed. The information used for marketing will be kept with us until you notify us that you no longer wish to receive this information.
What are your rights?
What are your rights?
- You have the right to be informed about the collection and use of your personal data
- You have the right to access and receive a copy of your personal data and other supplementary information
- You have the right to have inaccurate personal data rectified or completed if incomplete
- You have the right to have personal data erased also known as “the right to be forgotten”
- You have the right to request the restriction or suppression of your personal data
- You have the right to obtain and reuse your personal data for your own purposes across other services
- You have the right to object to the processing of your personal data in certain circumstances
- You have the right to know whether your data has been used in automated decision making and you can object and request human intervention or challenge a decision
If you wish to raise a complaint on how we have handled your personal data, you can contact Alan Bineham who will investigate the matter. Where relevant, you have the right to withdraw consent and object at any time and this means that we cannot process your data provided without your consent.
More information about your rights can be found on the Information Commissioners website. https://ico.org.uk/ If you are not satisfied with our response or believe we are processing your personal data not in accordance with the law you can complain to the Information Commissioner’s Office (ICO). Our reference number at the ICO is Z1250906
If you wish to verify the credit checks we, or our funders may have carried out you can find details of credit reference agencies at the following website:
Credit Reference Agency Information Notice (CRAIN) | Experian
Our Data Protection Officer is Alan Bineham, and you can contact him at alan.bineham@inspire-finance.co.uk.
We will share your details with the funder or agent whom we have selected on your behalf so that they can process your information. If you consent to us passing your details for the purposes within the notice, please sign to confirm.
