Legal Information

This Site is controlled and operated by Peoples Loans Ltd, trading as Peoples Loans, from the United Kingdom and complies with English law.

This site is intended for UK residents, and only they may apply for any of the services on offer. Further terms and conditions will apply.

Those who choose to access the Site from other locations do so on their own initiative and are responsible for compliance with any applicable local laws.

1. No material from this Site may be copied, uploaded, posted, modified or distributed in any way, except that you may download one copy of the materials on any single computer for your personal, home use only, provided you keep intact all copyright and other proprietary notices. The use of any such material on any other Web site or computer environment is prohibited.
   
   
2. It is a condition of use of this Site that you accept and agree to the following terms and conditions of  Peoples Loans ("the Company"). No other terms shall apply unless stated below. The Company may vary these terms from time to time and the revised terms will be deemed to apply at the relevant time in respect of your application. By proceeding to enter the Site you agree to be bound by the following: i. The Company reserves the right to alter or delete material from the Site at any time and may, at any time, revise these terms by updating this posting. You are bound by any such revision and should therefore periodically visit this page to review the then current terms. ii. While the Company uses reasonable efforts to include accurate and up to date information in the Site, the Company makes no warranties or representations as to its accuracy. The Company assumes no liability for any errors or omissions in the content of the Site.
   
   
3. The Company provides the Site for your general interest and information only. The Company makes no representation or warranties about the accuracy or suitability of any product or purpose of any content of the Site and all other implied warranties are excluded to the fullest extent permissible under English law. By using the Site you hereby agree not to rely on any of the information contained herein. Under no circumstances shall the Company be liable for any direct, incidental, special, consequential, indirect or punitive loss or damages that result from the use of the materials on the Site or the materials in any sites linked to the Site or any services offered on the Site whether by the Company or its commercial partners. The Company shall have no responsibility in respect of any goods or services brought by you from any other organisation referred to on this Site.
   

Privacy Statement

Data Protection

In simple terms the Data Protection Act requires companies and individuals who process and retain information about their customers to tell the customer how the information will be used and to what purposes it will be put. The Act does not restrict itself only to information kept on a computer; it is relevant to any ordered filing system. If you have applied to a FISA company the information below describes how your data will be processed. If your information is to be processed differently the trader will tell you.

OUR TYPICAL RATE IS 11.9% APR VARIABLE. (1st March 2006)
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESED IF YOU DO NOT KEEP UP REPAYMENTS
ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

Credit Brokers

If you have applied to a credit broker they will use the information you have provided to:

process the application you have made;

• make, or cause searches to be made, at a credit reference agency, or agencies - these searches will be shown in any other searches which are made in connection with applications made by yourself and other members of your household. The disclosure of multiple searches may adversely affect your credit profile and may make credit harder for you to obtain;
  
  
• information held about you by a credit reference agency may already be linked to records relating to another person, for example your spouse, and for the purpose of your loan application you will be treated as financially linked. Your loan application will be assessed with reference to all linked records;
  
  
• if you have confirmed you are linked financially with another person, you are declaring that you are entitled to (a) disclose information about that person and/or anyone else referred to by you and (b) that you authorise the broker and any lender involved in the application to search, link and/or record information at credit reference agencies about you and/or anyone else referred to by you.

The broker may also use the information:

• to offer you other products which they make available;
• to pass your details on to a lender or lenders they feel may be willing to lend you money;
• to pass on your details to another broker, if your broker is not able to arrange finance for you;
• to write to you in the future with a view to offering you products they feel may be of interest to you;
• to pass your details to another broker in the future with a view to them offering you products they feel may be of interest to you;
• to permit access to your information by the FISA or other regulatory bodies to ensure that the broker is processing information correctly and complying with regulatory requirements.
  

The broker may keep the information for several years. You can ask for the information not to be used to offer you other products. Any other broker or lender to whom the information is passed during processing your application may use it in the same way. Every company or person who processes or keeps data has a duty to keep that information up to date and accurate.

Lending Companies

Use of information when application is being processed.

Lenders to whom the application is passed will make wider use of the information than a broker. If you have received any lender documents, they should include a statement telling you what they will do with the information, or telling you where to look to find out what use they will make of it. This statement will usually be near any signature box, or clearly placed on the front page. If the information is not by the signature box there may be an “information padlock” sign (like the one above) drawing your attention to where the information is.

Almost all lending companies will check the information supplied on loan or mortgage applications with data held by credit reference agencies. The lender may search on more than one occasion. Every time a search is made it is recorded by the agency and disclosed to other organisations on any later searches. Lenders will use the information obtained in the credit reference searches to help them assess the application and they may use the result of any search in a credit scoring system. A credit scoring system is a system by which points are given for various factors like your age, your job or even for information obtained from a credit reference agency, such as how you have repaid previous or existing credit. Lenders use different methods of scoring depending upon their interpretation of the importance of different factors and the level of risk they are willing to accept.

The lender may check your details with the credit reference agency or with other agencies to satisfy itself that all the details on the application are true, and that the application has really been made by you. If it suspects information is false or inaccurate it may report it to a fraud prevention agency. Please ensure the information you give is true as lending companies will check with fraud prevention agencies and if you give false or inaccurate information, and the lender suspects fraud, it will record this.

NOTE - OTHER AGENCIES SEARCHED

As well as the credit reference agencies, there are agencies dealing specially with the checking of application details to identify possible fraud. This is a protection for honest applicants, although it can sometimes cause delays. Some of these agencies are listed below.

What if my loan application is not accepted?

Sometimes a lender may not wish to lend. This may be for a number of reasons. The lender may think you cannot afford the loan. If it is a secured loan, your property may not be of sufficient value.

A lender does not have to tell you exactly why you have been refused a loan but you can ask them for the name and address of any credit reference agency used and they will supply this information free of charge.

If you are refused credit because of a computerised credit scoring system you can ask the lender for an explanation of how their credit scoring works (this applies only if the decision has been made on the basis of a computerised system alone). The lender may charge a small fee for providing this information. You also have the right to require a personal, non automated, review of the decision.

Nobody has a right to receive a loan.

Loans are always granted at the discretion of the lending company.

Use of information once a loan has been made

All lending companies keep information about their customers in their own records. This will include all the initial information given by you, and extra information about how your account has been run and any other dealings between you and the lender. Lenders will record the conduct of any loan throughout its duration, including how punctually the payments are made and other information, with one or more of the credit reference agencies. This enables them, and others, to make decisions about credit and credit-related services for you and members of your household including decisions on motor and household credit, life and other insurance proposals and insurance claims.

Information may also be provided to the other agencies listed below. These will help lenders and other subscribers to those agencies to trace debtors, recover debt, prevent fraud and to check your identity to prevent money laundering. In particular, any difference between the information given by you or your broker and any later information discovered by the lender is likely to be noted.

Lenders may also use your information for statistical analysis about credit, insurance and fraud. This may be done by them or by third parties contracted to do the work by them. If they use a contractor, they are obliged to ensure that your data is properly secure. Many lenders will also need to give information about you and your account to their bankers, other providers, insurers and re-insurers of funding for their lending or any other product they have offered to you.

If your broker or lender intends to use your information for any purposes not included above, it will explain this in its documents.

Brokers and lenders are under a legal duty to keep all the information they hold accurate and up to date.

The agencies do not keep “blacklists” nor do they give any opinion about whether or not credit should be granted. They do have a duty to keep information up to date and accurate.

Credit Reference Agencies

The main credit reference agencies are:

Experian Limited,
Consumer Help Service,
PO Box 8000,
Nottingham,
NG1 5GX

Equifax Plc,
PO Box 1140
Bradford
BD1 5US

All the FISA lending companies use one or more of these agencies. Credit reference agencies keep a wide range of information. This includes information from the electoral roll (sometimes known as the voters roll) and records of most county court judgements and bankruptcies. They also retain information relating to previous and existing credit and a record of searches made against the file. The lenders share information through the agencies providing a history of how punctually payments are being made or have been made. Loan information is usually held on file for 6 years. Details of the voters roll may be held for much longer. Information about credit searches is kept for up to two years.

Other Agencies…

CIFAS

Reports from CIFAS relating to fraud and fraud avoidance are also available to its members (most lenders) - these contain information indicating that fraud, or attempted fraud, has been notified by a lender. The information might not directly relate to you, it might relate to someone who has tried to impersonate you. Data available to members of CIFAS, may also be used to help make decisions on motor, household, credit, life and other insurance proposals for you and members of your household.

CML Repossession Register

The Council of Mortgage Lenders, Repossession Register is available to its members through the main credit reference agencies. If you have had a property repossessed or have given it up voluntarily this will show on the register.

All Agencies, Brokers and Lenders

You are able to see what information any of the above hold about you. You can ask them for a copy at anytime. They must also tell you where the information was obtained. You will need to write and they may charge a small fee (£10 maximum). The firm will have to reply within 40 days from receipt of their fee.

If you wish to see the information contained on a credit reference agency file you can do so by writing to the relevant agency. The agency must respond within 7 working days. There is a small fee of £2 required. If your credit reference file contains information about other people with whom you have no financial connection or if it contains information which is incorrect you can ask for the entry to be corrected, removed, or have a note put on the file explaining why you think the information is wrong. The agency will not remove correct information.

The Information Commissioner provides a useful leaflet which explains how to request changes to your credit reference file. The easy to read leaflet includes examples of letters and details of various actions you may take to amend a file. You can obtain a copy of the free leaflet by writing to:

No Credit Leaflet,
P.O. Box 99,
Nelson,
BB9 8GS

Other Information

Information is also available at www.dataprotection.gov.uk

Should you wish to obtain a copy of the personal data we hold on you please write to the Compliance Officer, People’s Loans Ltd, Ground Floor Kingswood House, 58-64 Baxter Avenue, Southend on Sea, Essex SS2 6BG enclosing your payment of £10 for our administration costs.  As soon as we are satisfied as to your identity we will send you, within 40 days, a copy of all the data we hold concerning you. Please contact us at the same address if you have any reason to believe the data we hold on you is inaccurate.

Contacting Us

If you have any questions about our Data Protection Policy or any other aspect please contact us at:

peoples loans network ltd
Ground Floor
Kingswood House
58-64 Baxter Avenue
Southend on Sea
Essex
SS2 6BG

company registration 3488338

Monday - Thursday 8.30am - 7.30pm
Friday 8.30am - 5.30pm
Saturday 10.00am - 2.00pm
Sunday Closed