Privacy Policy

Customer Privacy Policy

1. Patriot Act Notice.  Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who obtains a loan or extension of credit.  The purpose of this Federal law is to combat terrorism and money laundering activities.  As a result, Lender will ask for Borrower’s name, address, date of birth, and other information that will allow Lender to identify Borrower.  Lender may also ask to see Borrower’s driver’s license or other identifying document.
2. ECOA Notice.   The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act.  The Federal agency that administers compliance with law concerning this creditor is the Federal Trade Commission, Equal Credit Opportunity, Washington, D.C. 20580.
3. Privacy Policy.  Protecting your privacy is important to Cash King and our employees.  We want you to understand what information we collect and how we use it.  In order to provide our customers with payday advances as effectively and conveniently as possible, we use technology to manage and maintain customer information.  The following policy serves as a standard for all Cash King employees for collection, use, retention, and security of non-public personal information related to our payday advance programs.  If you become an inactive customer, we will continue to adhere to the privacy policies described in this notice.
4. What Information We Collect.  “Non-public personal information” is non-public information about you that we obtain in connection with providing a payday advance to you.  We may collect “non-public personal information” about you from the following sources:
   
   • Information we receive from you on applications or loan forms, such as your name, address, social security number, assets and income;
   • Information about your loan transactions with us, such as payment history and loan balances; and
   • Information we receive from third parties, such as consumer reporting agencies and other lenders, regarding your creditworthiness and    credit history.
5. What Information We Disclose.  We are permitted by law to disclose non-public personal information about you to third parties in certain circumstances.  For example, we may disclose non-public personal information about your payday advance to consumer reporting agencies and to government entities in response to subpoenas.  Moreover, we may disclose all of the non-public personal information about you that we collect, as described above, to financial service institutions with which we have joint marketing arrangements.  Such disclosures are made as necessary to effect, administer and enforce the loan you request or authorize.  Otherwise, we do not disclose non-public personal information about our customers or former customers to anyone, except as permitted by law.
6. Our Security Procedures.  We also take steps to safeguard customer information.  We restrict access to non-public personal information about you to those of our marketers/servicers and employees who need to know that information to provide payday advances to you.  We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your non-public personal information.
7. Notice of Rights to Cancel.   Borrower may rescind the loan at no cost at any time prior to the close of business on the next business day following the day on which the loan was made by paying the principal amount of the loan to the Lender in cash or other immediately available funds.