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Privacy Policy

Eastern Asset Finance

Contact Details

Email: mikestringer@easternassetfinance.co.uk

Email: daleingham@easternassetfinance.co.uk

 USE OF YOUR INFORMATION

Eastern Asset Finance (EAF) is an independent asset finance broker not a lender, as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent financial advisors and so are unable to provide you with independent financial advice. Eastern Asset Finance is authorised and regulated by the Financial Conduct Authority under number 658869.

What we will do when you apply:

 If you are making an application in a personal capacity, the lenders will search your records at credit reference and fraud prevention agencies and that of your ‘financial associate’ if you have one, i.e. a person with whom you have, or have had, joint personal financial arrangements such as joint accounts or have made joint credit applications. The lenders may also, in certain limited circumstances, check the record, including credit details, of members of your family and, if you are a director or partner in a small business, the lenders may also check on your business.

If you tell us that you have a financial associate, the lenders may search, link and record information about you both at credit reference agencies. You must be sure you have your financial associate’s agreement to disclose their information.

If you are making the application in a business capacity, the lenders will search the personal records at credit reference and fraud prevention agencies of the following people, where relevant:

(a)   Sole traders;
(b)   Each partner in a firm;
(c)   Each member of a limited liability partnership; or
(d)   Each director of a limited company.

lf you give us false or inaccurate information and the lenders  identify fraud, the lenders will record this with fraud prevention agencies. Law enforcement agencies may access and use this information.

The lenders will use a scoring or other automated decision-making system to assess your application and to verify your identity.

What the lenders will also do when you have an agreement with them:

The lenders will add to your record with the credit reference agencies details of your agreement with them, the payments you make under it, any default or failure to keep its terms and any change of name or address.

Account information given to credit reference agencies remains on file for a period of time after the account is closed, whether settled by you or upon default.

What the credit reference agencies will do:

Whether or not this application proceeds, the credit reference agency will place a record of their search on your credit file. This record will also be seen by other organisations when you apply for credit in the future.  A large number of applications within a short period of time could affect your ability to obtain credit.

Whether or not this application proceeds, the agencies will link your records and those of your financial associate(s), including any previous and subsequent names.  These links will remain on your and their files until you or they tell the agency you are no longer financially linked and the agency accepts this.

Whether or not this application proceeds, the credit reference agencies will record information on your application, including information on your business and its proprietors.  Credit reference agencies may create a record of the name and address of your business and its proprietors if there is not one already.

The agencies may supply the lender with credit information, such as previous applications, the conduct of accounts in your and your financial associate’s name, any business accounts you have, fraud prevention information and public information such as County Court judgments, bankruptcies and the Electoral Register. When the application is made by a limited company, the credit reference agencies will also search the records held at Companies House in relation to the company and directors.

When an application is made by a limited company, the lender will also search the records held at Companies House in relation to the company and directors.

How the lenders and others use the agency information:

Some information held by the credit reference and fraud prevention agencies will be disclosed to them and other organisations to, for example:

  • prevent fraud and money laundering, for example by checking details on applications for credit and credit-related or other facilities, proposals and claims for all types of insurance and job applications and employee records;
  • recover debts that you owe and trace your whereabouts;
  • manage credit accounts and other facilities;
  • verify your identity;
  • make decisions on credit, insurance and other facilities, about you, your financial associate(s), members of your household or your business; and
  • Carry out statistical analysis to help with decisions about credit and account management.
  • Lender/s data fair processing notices will be provided on request.

The information held by these agencies may also be used for other purposes for which you give your specific permission.

Please email Eastern Asset Finance (contact details above) if you want details of the credit reference and fraud prevention agencies from which the lenders obtain their information.

You have the right to receive a copy of the information held about you, this is available to you if you apply to us by email. 

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