Privacy Policy

Installment Loans is committed to protecting the privacy of your personal information. We are bound by and comply with the National Privacy Principles contained within the Privacy Act 1988 (Cth), the Privacy Amendment (Private Sector) Act 2000 (Cth) and the obligations set out in Part 13 of the Telecommunications Act 1997 (Cth).

IMPORTANT NOTICE TO APPLICANT(S) FOR CREDIT

We hold your personal information to establish your credit worthiness, both initially and ongoing, to communicate with you in regard to the status of your loan application, your loan(s) and for our own administrative and marketing purposes.

Information may be given before, during or after the provision of credit to you. So that you know what kind of information is used and how we use it, we require you to sign your agreement to our gathering and using some of the information you give us. Please read it carefully before signing. Where there is more than one borrower, or you are a guarantor, each of you must sign.

1. Giving information to a Credit Reporting Agency

2. Accessing Credit Information

I/we agree that Installment Loans may obtain information about me/us from a business which provides information about the credit worthiness of persons and businesses for the purpose of assessing my/our application for consumer credit or commercial credit; and

I/we agree that Installment Loans may obtain a credit report containing information about me/us from a credit reporting agency for the purpose of assessing my/our application for credit; and>

3. Exchanging Credit Worthiness Information

I/we agree that Installment Loans may exchange information with any other credit provider upon request or named in a credit report or issued by a credit reporting agency for the following purposes:

* to assess an application by me/us for credit or to which we are a party;

* to notify other credit providers of a default by me/us;

* to exchange information with other credit providers as to the status of this or any other loan you may have with us or with any other credit provider, including but not limited to, information as to current balances, credit limits, arrears and defaults; or

* to assess my/our credit worthiness.

I /we understand that the information exchanged can include anything about my/our credit worthiness, credit standing, credit history or credit capacity that credit providers are allowed to exchange under the Privacy Act 1988 (Cth).

4. Agreement to us being given a consumer credit and/or commercial credit report by a credit reporting agency to assess a guarantor.

In the event that we ask you to be a guarantor to a loan, I/we agree that Installment Loans may obtain from a credit reporting agency a consumer credit and/or commercial credit report containing information about me/us for the purpose of assessing whether to accept me/us as a guarantor for credit applied for by, or provided to, the borrower(s).

I/we agree that this agreement commences from the date of this agreement and continues until the credit covered by the borrower(s) application ceases.

5. Agreement to us as a credit provider disclosing a report including a consumer credit and/or commercial credit report to potential or existing guarantor.

I/we agree that Installment Loans may give to a person who is currently a guarantor, or to whom I/we indicate is considering becoming a guarantor, a credit report containing information about me/us for the purpose of the prospective guarantor deciding whether to act as a guarantor, or to keep the current guarantor informed about the guarantee.

I/we understand that the information disclosed can include anything about my/our credit worthiness, credit standing, credit history or credit capacity that credit providers are allowed to disclose under the Privacy Act 1988, and includes a credit report.

This means that Installment Loans may therefore give information about you to a credit reporting agency, for the following purposes:

• to obtain a consumer credit report about you; and

• to obtain a commercial credit report about you or your business where you have applied for commercial credit; and

• to allow the credit reporting agency to create or maintain a credit information file containing information about you or your business.

Where this information relates to you personally, it is limited to:

• identity particulars. This is your name, sex, address (and the previous two addresses), telephone number (including your mobile number), date of birth, name, telephone number and address of employer, and your driver’s licence or passport number; and

• your application for credit. This is confirmation that you have applied for credit and the amount; and

• in order for other credit providers to comply with statutory responsible lending requirements, the fact that we have granted you credit, the amount of such credit or where not all of it has been drawn, the amounts of credit drawn down and undrawn; and

• the fact that Installment Loans is a current credit provider to you; and

• details of loan repayments which are overdue by more than 60 days, and for which debt collection action has started; and

• advice that your loan repayments are no longer overdue in respect of any default that has been listed; and

• any information that may establish or support our opinion that you gave us fraudulent or misleading information. This may include an intention not to comply with your credit obligations; and

• details of dishonoured cheques or payments drawn by you that have been dishonoured more than once; and

• that the credit provided to you by Installment Loans has been paid or otherwise discharged to our satisfaction.

6. Agreement to use information for marketing purpose

I/we agree that Installment Loans may use my/our personal details for marketing purposes to me/us, including but not limited to making further offers of credit to me/us at any future date.

7. Agreement for others to use the information

We will not supply personal information about you to another party except:

* to those that we engage, including their authorised agents, to provide administration, reporting, payment and debt recovery processes. These agencies, who may include suppliers of software, payment processing, associated legal proceedings and debt collection services, do not have any right to use the personally identifiable information we provide to them beyond that is absolutely necessary to assist us at that time.

* to government departments and agencies where we have a legal obligation to disclose your personal information, but only to the extent required. In addition, our software supplier may include some of your personal details such as occupation, age, suburb or postcode or payment default history but no specific personal information that could identify you in providing us with non-personalised reporting that assists us in making appropriate credit decisions.

You can request us to provide you with the details of the personal information we hold and may disclose or use. Requests foraccess to this information must be in writing either by email, facsimile or to 5229, Algester, Qld. 4115.