Privacy Policy
Effective Date: October 20, 2023
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Welcome to Velocity Vault Lenders! This Privacy Policy outlines how we gather, use, disclose, and protect your personal information when you engage with our services as a loan brokerage company. We are dedicated to safeguarding your privacy and ensuring the security of your personal data. By using our services, you consent to the practices outlined in this Privacy Policy.
Information We Collect
We collect personal information from you when you interact with our website, get in touch with us, or utilize our services. This personal information may encompass:
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1. Identifying Information: This includes your name, address, email address, phone number, and other contact details.
2. Financial Information: Data related to your financial status, such as income, employment particulars, credit history, and bank account details.
3. Loan Information: Pertinent information concerning your loan application, encompassing loan amount, purpose, and desired terms.
4. Communication Information: Any information you provide when reaching out to us, including inquiries, feedback, or customer support requests.
5. Website Usage Information: Details regarding your interactions with our website, including your IP address, browser type, device information, and usage patterns.
How We Utilize Your Information
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We may employ the personal information we collect for various purposes, including:
1. Providing Services: Assisting with the loan application process, assessing eligibility, connecting with potential lenders, and supporting you throughout the loan procedure.
2. Communication: Addressing your inquiries, providing customer support, and delivering crucial updates pertaining to your loan application.
3. Enhancing Services: Analyzing website usage patterns, assessing user preferences, and improving our services and website functionality.
4. Legal Compliance: Adhering to applicable laws, regulations, and legal obligations.
5. Marketing: With your consent, forwarding promotional materials, newsletters, or information regarding products or services that might interest you.
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Information Sharing and Disclosure
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We may reveal your personal information in these situations:
1. Service Providers: Sharing your personal data with trusted third-party service providers who assist us in delivering our services, such as lenders, credit bureaus, payment processors, and IT service providers. These service providers are contractually bound to maintain the confidentiality and security of your personal data.
2. Legal Obligations: Disclosing your personal information if required by law, court order, or governmental authority, or if we believe such disclosure is necessary to protect our rights, property, or safety, or that of others.
3. Business Transfers: In the event of a merger, acquisition, or sale of all or a portion of our assets, your personal information may be transferred as part of the transaction. We will notify you via email or prominent notice on our website before your personal information becomes subject to a different privacy policy.
Data Security
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We take reasonable precautions to safeguard your personal information from unauthorized access, use, or disclosure. However, please note that no method of transmission over the internet or electronic storage is 100% secure. Therefore, while we strive to use commercially acceptable means to protect your personal information, we cannot guarantee its absolute security.
Your Choices
You have the right to access, update, and correct your personal information held by us. You may also opt-out of receiving marketing communications from us by following the instructions provided in our communications. Please note that even if you opt-out of marketing communications, we may still send you non-promotional messages related to your loan application or our services.
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Changes to the Privacy Policy
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We may update this Privacy Policy periodically to reflect changes in our practices or applicable laws. The updated policy will be posted on our website, and the effective date will be revised accordingly.
Contact Us
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If you have any questions about this Privacy Policy or your dealings with us, please reach out to us at:
Velocity Vault Lenders
Email: info@velocityvaultlenders.com
Phone: 305-123-4567
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