Privacy Statement

Introduction/Commitment

Needy Money is trusted to commit and protect the privacy and the confidentiality of your personal information. It is our goal to maintain compliance with the highest standards of privacy so you may comfortably and safely know your personal information is kept safe and protected.

Personal Information Collected

Protecting your privacy and the confidentiality of your personal information is fundamental to the way Needy Money does business. We may only collect, use or disclose your personal information relevant to our business relationship with you in accordance with the privacy statement.

Personal information obtained from you would help Needy Money determine which product would be suited for you and consider an approved application.

If you do not provide us with consent to use your personal information, Needy Money may not be able to deal with you or provide you with a particular product or service.

Agreement

You agree that the Lender and any other Financier who at the time provides or intends to provide credit or has any interest in the credit can do any of the following at any time:

  1. Commercial credit information Seek and use commercial credit information about me/us to assess an application for consumer credit or commercial credit
  2. Consumer information Seek and use consumer credit information about me/us to assess an application for commercial credit or consumer credit
  3. Collection of overdue payments Seek and use a credit report about me/us provided by a credit-reporting agency to collect overdue payments from me/us
  4. Provide information to mortgage insurer Provide information to a mortgage insurer to assess the risk of providing mortgage insurance or to assess the risk of default
  5. Exchange of information between credit providers Seek from and use or give to another credit provider (including without limitation any other credit provider who has lent money on the same security) any information about my/our credit worthiness, credit standing, credit history or credit capacity. In particular, the Lender may provide a bank opinion on me/us
  6. Exchange of information with advisers Seek from or give to any broker, financial consultant, accountant, lawyer, or other advisor acting in connection with any financing provided or proposed to be provided to me/us any consumer or commercial credit information
  7. Provide information to credit reporting agencies Give to a credit reporting agency personal or commercial information about me/us. The information may include identity particulars; the fact that credit has been applied for and the amount; the fact that the Lender is a current credit provider to you; payments which become overdue more than 60 days, payments for which action is commenced; advice that payments are no longer overdue; advice that cheques drawn by you have been dishonoured more than once; in specified circumstances that in the opinion of the Lender you have committed a serious credit infringement; and the credit provided to you by the Lender has been paid or otherwise discharged
  8. Provide information for securitisation Disclose any report or personal information about me/us to another person in connection with funding financial accommodation by means of an arrangement involving securitisation
  9. Provide information to Guarantors Provide information to any person who proposes to guarantee or has guaranteed repayment of any credit provided to me/us

Marketing

Serving customers well is essential to our business. As part of this service we may use your personal information to offer you products and services we believe may be of interest & benefit to you. If you do not wish to receive marketing material from Needy Money, please notify us.

By consenting to our marketing material, you allow Needy Money to send out promotional emails and SMS from time to time about our products and services.