Higham Business Finance Ltd – Privacy Notice
Higham Business Finance act as a commercial finance broker of non-regulated finance for our customers. Higham Business Finance uses trading styles “Moneywow & Astmoor Finance”. Astmoor Finance Ltd are Authorised and Regulated by the Financial Conduct Authority Firm Reference Number 917382. Astmoor Finance Ltd are an appointed representative of White Rose Finance group who are Authorised and Regulated by the Financial Conduct Authority Firm Reference Number 630772.
How we will use the information about you
Here at Higham Business Finance we take 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, and obtain information about you from, credit reference agencies or fraud prevention agencies.
We will not disclose your information to any company outside of Astmoor Finance Ltd & White Rose Finance Group Ltd 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 the information we hold on you, please contact firstname.lastname@example.org
However, from time to time we would like to contact you with detail of other products and 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 ☐ Email ☐ Phone ☐ Text
What we need
Higham Business Finance 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.
Your Personal Data May Include
Title, names, date of birth, gender, nationality, civil/marital status, contact details, addresses and documents that are necessary to verify your identity.
Employment and remuneration information, (including salary/bonus schemes/overtime/sick pay/other benefits), employment history.
Bank account details, tax information, loans and credit commitments, personal credit history, sources of income and expenditure, family circumstances and details of dependents.
Any pre-existing financial products and the terms and conditions relating to these.
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 the processing of data to be lawful under GDPR Higham Business Finance use;
(a) Consent: the individual has given clear consent for you to process their personal data for a specific purpose.
(b) Contract: the processing is necessary for a contract you have with the individual, or because they have asked you to take specific steps before entering into a contract.
(c) Legal obligation: the processing is necessary for you to comply with the law (not including contractual obligations).
(d) Vital interests: the processing is necessary to protect someone’s life.
(e) Public task: the processing is necessary for you to perform a task in the public interest or for your official functions, and the task or function has a clear basis in law.
(f) Legitimate interests: the processing is necessary for your 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
Automated Decision Making: Higham Business Finance will pass your data captured to lenders 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 effects. You can request human intervention and challenge a decision made this way by contacting email@example.com
All the personal data we use is controlled by Higham Business Finance in the UK, however, for the purposes of IT hosting and maintenance, this information is located on servers within the European Union. No 3rd 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. More information on this framework can be obtained on request by writing to The Training and Compliance manager.
We may pass your data to other third parties to provide you with offers of products suitable to meet your customer requirements. Your data is stored electronically on our cloud encrypted server. Our server is based in the UK
How long we keep it
We are required under regulation to keep your basic personal data, such as name, address, and contact details 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?
If at any point you believe retained information is incorrect you can request to see this information and even have it corrected and possibly deleted. Providing you with this information is free of charge, but charges may apply for excessive requests.
If you wish to raise a complaint on how we have handled your personal data, you can contact our Data Protection Officer 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 Data Protection officer is Sean Gardner and you can contact them at firstname.lastname@example.org
We will share your details with companies who will process your information, in turn allowing Higham Business Finance to offer suitable products that lenders may provide.
Before we can proceed, we need your consent to do this. You can withdraw your consent at any time. Please be aware though, that if you do this, we will not be able to proceed any further with your application, and depending on the stage reached we may not be able to remove all your data due to our responsibilities laid out by the Financial Conduct Authority.
Do you agree to us holding and sharing your data in this way?