A guide to the use of your personal information by ourselves
By confirming your agreement to proceed you are accepting that we may each use your information in this way.
How we will use your data
Links between financial associates will remain on your and their files until such time as you or your partner successfully files for a disassociation with the credit reference agencies.
¹ A financial associate will be someone with whom you have a personal relationship that creates a joint financial unit in a similar way to a married couple. You will have been living at the same address at the time. It is not intended to include temporary arrangements such as students or rented flat sharers or business relationships. Credit reference agencies may link together the records of people that are part of a financial unit. They may do this when people are known to be linked, such as being married or have jointly applied for credit or have joint accounts. They may also link people together if they, themselves, state that they are financially linked.
5. Credit reference agencies will supply to us, public information such as bankruptcies, electoral register information and fraud prevention information on applicants’ and their known financial associates current and previous names, addresses and dates of birth.
How your data WILL be used:
6. The information which we and other organisations provide to the credit reference agencies about you, your financial associates and your business (if you have one) may be supplied by credit reference agencies to other organisations and used by them to
6.1. Prevent crime, fraud and money laundering by, for example checking details provided on applications for credit and credit related or other facilities
6.2. Check the operation of credit and credit-related accounts
6.3. Verify your identity if you or your financial associate applies for other facilities.
6.4. Make decisions on credit and credit related services about you, your partner, other members of your household or your business.
6.5. Manage your personal, your partner’s and/or business (if you have one) credit or credit related account or other facilities.
6.6. Trace your whereabouts and recover debts that you owe.
6.7. Undertake statistical analysis and system testing.
6.8. Credit reference agencies can also be fraud prevention agencies.
6.9. Conduct income verification, identity verification and credit checks
How your data may be used by fraud prevention agencies:
7. The information which we provide to the fraud prevention agencies about you, your financial associates and your business (if you have one) may be supplied by fraud prevention agencies to other organisations and used by them and us to: -
7.1. Prevent crime, fraud and money laundering by, for example;
7.1.1. checking details provided on applications for credit and credit related or other facilities
7.1.2. Managing credit and credit related accounts or facilities
7.1.3. Cross Check details provided on proposals and claims for all types of insurance.
7.1.4. Checking details on applications for jobs or when checked as part of employment
7.2. Verify your identity if you or your financial associate applies for other facilities including all types of insurance proposals and claims.
7.3. Trace your whereabouts and recover debts that you owe.
7.4. Conduct other checks to prevent or detect fraud
7.5. Undertake statistical analysis and system testing.
8. Your data may also be used for other purposes for which you give your specific permission or, in very limited circumstances, when required by law.
9. Your data may also be used to offer you other products, but only if permitted
10. Dap Finance (Pty) Ltd is paid a commission from the lender..
10.1 Where you were introduced to us by a third party, we may pay a commission to the third party upon completion of your personal loan.
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