Effective Date: 10/02/2020
Information We Collect
When you use the Website, we may collect personal information about you, such as your name, address, Social Security number, telephone number, email address, asset information, income information, or any other information that you submit on applications or other forms made available through the Website. We collect this information when you complete a digital application.
We may also collect personal information about you from third party sources, which we may combine with information that you provided to us or we previously collected. For example, we may receive information from a social media service about you if you use a social media account to log into the Website.
We also automatically collect certain information related to you and your activities on the Website when you visit the Website. This information includes information such as your IP address, your internet browser and operating system type, the date and time of your visit, and the website that referred you to us.
How We Use Collected Information
We use personal information and anonymous information for the following purposes:
- To complete and fulfill your loan application;
- To respond to and fulfill your requests;
- For our marketing efforts, such as to send you marketing communications that we believe may be of interest to you;
- For our business purposes, such as for analysis and to develop new products and services;
- To improve the Website and for analytics purposes; or
- For any other purpose to which you consent.
How We Share Personal Information
- Such as vendors who provide employment verification, degree verification, title, document import, or other necessary services;
- For any purpose to which you expressly consent;
- To protect our rights or the rights or safety of others; and
- As may be required by law or regulation.
For example, after you authorize us to verify your credit history, we send the minimal set of information needed (potentially including your social security number) to ensure we are requesting the correct record in an encrypted form to the relevant credit bureaus with the sole purpose of retrieving your credit report and associated credit history data. We would not send the same level of information to a service provider where it is not essential to perform their services.
In addition, consumers who initiate or complete the process of applying for financial products or services are subject to the federal Gramm-Leach-Bliley Act (“GLBA”) and implementing regulations, such as the California Financial Information Privacy Act (“FIPA”), and apply also to representatives of businesses that seek to obtain our products or services.
In the event that we enter into a corporate transaction, such as a reorganization, merger, sale, joint venture, assignment, transfer, or other disposition of all or any portion of our business, assets, or stock (including in connection with any bankruptcy or similar proceedings), personal information that we have collected may be transferred in the course of that corporate transaction to the relevant third party purchaser, joint venture partner, merged entity, assignee or similar party.
How We Protect Personal Information
SELFi uses reasonable physical, technical, and administrative security measures to protect personal information we collect from loss, misuse, unauthorized access, or improper disclosure.
Links to Other Websites
This Website is not intended for persons under the age of 18. We do not knowingly collect, maintain, or use personal information from children under the age of 18. If we become aware that a child under the age of 18 has submitted personal information to us through the Website, we will immediately delete such information.