In this Privacy Statement the terms, 'we', 'us' or ‘CF247’ means CarFinance 247 Limited (and/or the trading names 247 Money and 247 Insurance) registered in England and Wales 6035525, and regulated by the Financial Conduct Authority (FCA), firm reference number 653019.
Your privacy is important to us, and we are committed to keeping your information secure and managing it in accordance with our legal responsibilities under applicable data protection laws. We are registered with the UK Information Commissioner's Office (ICO) as a data controller under registration number Z1897658.
Please read this Privacy Statement carefully as it contains important information to help you understand our practices regarding any personal information that you give to us.
By accessing, browsing or otherwise using the Website or mobile application you confirm that you have read and agree to this Privacy Statement. If you do not agree with any part of this Privacy Statement, you should not use the Website or mobile application. If you are applying for one of our products or services online or by phone and do not agree with any part of this Privacy Statement, you should not continue with your application.
1. What Information We Collect
We may collect personal information (which means any information about an individual whose identity is apparent or can be reasonably ascertained from such information) from you in connection with a service or product provided to you by us, including:
Where information fields are marked as mandatory on any application form that you complete, you will need to provide such information in order for us to continue with your application. Should you complete mandatory sections of the application form, but not complete the application, we may use the information provided to contact you to provide support with the application process.
2. How We Collect Your Information
We may collect information provided in connection with the following activities:
3. Lawful Basis for Processing
Four lawful bases have been defined for the processing of data:
Depending on the continuing relationship with CF247, ordinarily all four legal basis for processing will apply and CF247 will not use personal data for any other purpose than written within this Privacy Statement.
During the processing of your personal data, CF247 may identify special category data in the course of business. We will always obtain explicit consent from you when recording this data, and it will only be used for the specific purpose of facilitating the contract.
CF247 and associated companies will rely on the lawful bases of consent, contract and legal obligations when processing data for the purpose of an application for employment.
4. Use of Your Information
Your information will be used by us in connection with the following purposes:
|Service Provision and Internal Processing||
|Management of Relationship||
|Training, Service Review and Statistics||
5. How We Might Share Your Information
The third parties with whom we may need to share personal information to help us provide services and products to you are detailed within this section.
Car, Bike and Van Finance
Our partners, including brokers, introducers, lenders and motor dealers we work with dependent upon your individual credit profile and the specific criteria determined by the lender.
The current panel of lenders are:
|Alphera Financial Services||Advantage Finance Limited|
|Santander UK Plc||Moneyway Motor Finance|
|Hitachi Personal Finance||Moneybarn Ltd|
|Paragon Bank Plc||The Funding Corporation|
|247 Money Limited||1st Stop Car Finance|
|Raphael’s Bank||Billing Finance Ltd|
|Startline Motor Finance||Amigo Loans Ltd|
|Blue Motor Finance||RateSetter|
Motor Insurance & Guaranteed Asset Protection (GAP) Insurance
Insurance providers, in the event that you apply for an insurance product, for the purposes of underwriting, processing, claim handling and fraud prevention;
The current panel of insurers and insurance brokers are:
|Auto Protect (GAP only)||Liverpool Victoria (LV=)|
Some of our insurance providers will use your personal information to assess your circumstances (including information about any other person who you choose to be a Named Driver on your policy) and verify the information that you have provided before providing a quote.
We or the insurer or the re-insurer will exchange information with various databases and registers to help us check information provided, to detect and prevent crime or fraud and to obtain information about your no claims history. These may include the Claims and Underwriting Exchange Register run by Insurance Database Services Limited (IDS Ltd), the Motor Insurance Anti-Fraud and Theft Register run by the Association of British Insurers (ABI) and any other relevant industry databases or registers. Information may be shared with these registers and checks carried out against the information held on these registers when we or the insurer or the re-insurer deal with your request for insurance, at renewal, when amendments are made to your motor policy, where a claim is made or where it is necessary to update our policy records.
Information relating to your insurance policy will be added to the Motor Insurance Database (MID) managed by the Motor Insurers' Bureau (MIB). MID and the data stored on it may be used by certain statutory and/or authorised bodies including the Police, the DVLA, the DVLANI, the Insurance Fraud Bureau and other bodies permitted by law for purposes not limited to but including:-
I. Electronic Licensing
II. Continuous Insurance Enforcement
III. Law enforcement (prevention, detection, apprehension and/or prosecution of offenders)
IV. The provision of government services and/or other services aimed at reducing the level and incidence of uninsured driving.
If you are involved in a road traffic accident (either in the UK, the EEA or certain other territories), insurers and/or the MIB may search the MID to obtain relevant information. You, or appointed representatives, pursuing a claim in respect of a road traffic accident (including citizens of other countries) may also obtain relevant information which is held on the MID.
Please be aware that any false or incorrect information provided may result in your insurance provider invalidating the quote you are given or may lead to your insurance policy being cancelled at a later date.
6. Credit Checking and Automated Decision Making
Whenever you apply for any of our products and/or services we will perform credit and identity checks on you with one or more credit reference agencies (“CRAs”).
To do this, we will supply your personal information to CRAs and they will give us information about you. This will include information from your credit application and about your financial situation and financial history (e.g. bankruptcies, CCJs). CRAs will supply to us both public (including the electoral register) and shared credit, financial situation and financial history information and fraud prevention information.
We will use this information to:
We will continue to exchange information about you with CRAs while you have a relationship with us. We will also inform the CRAs about your settled accounts. If you borrow and do not repay in full and on time, CRAs will record the outstanding debt. This information may be supplied to other organisations by CRAs.
When CRAs receive a search from us they will place a search footprint on your credit file that may be seen by other lenders.
If you are making a joint application, or tell us that you have a spouse or financial associate, we will link your records together, so you should make sure you discuss this with them, and share with them this information, before lodging the application. CRAs will also link your records together and these links will remain on your and their files until such time as you or your partner successfully files for a disassociation with the CRAs to break that link.
The identities of the CRAs, their role also as fraud prevention agencies, the data they hold, the ways in which they use and share personal information, data retention periods and your data protection rights with the CRAs are explained in more detail within the Credit Reference Agency Information Notice (CRAIN). CRAIN is also accessible from each of the three CRAs – clicking on any of these two links will also take you to the same CRAIN document: Callcredit; Equifax and Experian.
Whenever fraud prevention agencies transfer your personal data outside of the European Economic Area, they impose contractual obligations on the recipients of that data to protect your personal data to the standard required in the European Economic Area. They may also require the recipient to subscribe to ‘international frameworks’ intended to enable secure data sharing.
Credit scoring is an automated decision. The decision on the provision of credit provided by 247 Money is subject to the use of credit scoring, however is also subject to a manual assessment, however if we were to reject your application solely on the basis of a credit scoring system, you can request human intervention and ask us to reconsider your application.
7. Retention of Your Personal Information
The personal information that you provide will be retained by us in accordance with applicable laws. However, in accordance with our lawful basis, data will only be retained in line with our stated policy approach and only be used for the purposes detailed, any marketing activity will only be undertaken where we have your consent, following the conclusion of your relationship or employment with CF247 or its subsidiaries and trading styles. Where the information is retained under our legitimate interest’s basis, personal data will be psedonymised and held securely and will not be used to contact you directly or for marketing purposes.
Our retention policies are aligned to individual rights and freedom and any request under those rights will be met in accordance with our stated lawful bases or obligations.
8. Sensitive Personal Data
Sensitive personal data includes information about an individual's health and other categories of personal information which are closely protected (e.g. criminal convictions). We do not generally process such information, unless you have voluntarily provided that information to us (for example, where you have notified us of a health issue).
You agree that, to the extent that you have provided us with sensitive personal data, you provided it voluntarily and agree that we can use any sensitive personal data that you provide us to deliver products or services to you and/or determine your fitness to avail yourself of our products or services. Where possible we shall seek to minimise the collection and use of such sensitive personal data.
Where you tell us you are happy to receive information from us we may send you communications products that we perceive may be of interest to you (including in relation to products and/or services of our partners where we have your agreement).
Depending on the contact preferences you select, we will communicate with you by letter, telephone, SMS, email or other electronic means such as via social and digital media.
If, at any time, you prefer not to receive further communications from us in any or all forms (except in connection with information, products or services that you specifically request), you will have the ability to unsubscribe from such communications by means of a link provided in every e-mail that is sent to you by us or by contacting us (See section on Contact Us below).
10. Refer a Friend
When you provide details of a friend to whom an e-mail is to be sent you confirm the following:
We will not use that person's details for any marketing purposes.
11. Third Party Websites
Emails sent via the internet can be subject to interception, loss or possible alteration, therefore we cannot guarantee their security. Although we will do our best to protect your personal information, we cannot guarantee the security of your data sent by email and therefore will have no liability to you for any damages or other costs in relation to emails sent by you to us via the internet. If you would like to contact us, please see the section below or use our contact us page.
13. Children's Privacy
It is highly unlikely that we will target particular products at a different age group, the Website is not intended for use by individuals under the age of 18 without the agreement and involvement of a parent or guardian. We do not knowingly collect personal information from individuals under the age of 18.
14. Keeping Your Information Secure
We invest appropriate resources to protect your personal information, from loss, misuse, unauthorised access, modification or disclosure, in particular:
We and the other companies processing your data for the purposes mentioned in Section 4 may from time to time need to undertake some of the processing in countries outside of the European Economic Area. Different privacy laws may apply in these countries and you understand and unambiguously agree to the transfer of personal information to these countries and parties. We only make these arrangements or transfers where we are satisfied that adequate levels of protection are in place to protect any information held in that country or that the service provider acts at all times in compliance with applicable privacy laws.
15. Updates to this Privacy Statement
Our Privacy Statement applies to all of the services offered by CarFinance247 and its trading names. We will keep this Privacy Statement under review and make updates from time to time. We will not reduce your rights under Privacy Statement without your explicit consent. We will post any Privacy Statement changes on this page and, if the changes are significant, we will provide a more prominent notice (including, for certain services, email notification of Privacy Statement changes). If you do not accept the amended Privacy Statement, you should stop using the Website; this may affect our ability to provide certain products and services to you. Please see the section regarding Your Rights for further information regarding continued processing.
17. Your Rights and Freedoms
You have a number of rights under Data Protection law including:
Right to be informed – CF247 provide all customers with this privacy statement to provide transparent and clear information as to arrangements for the collection, control and processing of personal data.
Right of Access – Copies of personal data held can be requested under an access request and will be met in the 30 day legislative standard ordinarily free of charge. Any extension to these requirements will be advised on the basis of the nature of the request but will be by exception and subject to senior management scrutiny, please see contact us section for further detail.
Right to Rectification – In the event we hold inaccurate data please advise us of the correct information and records will be updated within 72 hours and confirmation provided accordingly (Subject to satisfactory verification of your identity).
Right to Restriction of Processing – Data processing will be restricted whilst any claim of accuracy is being contested by you, or you have challenged the legal basis or legitimate grounds for processing for a specific purpose and to establish, exercise or defend legal claim at your request.
Right to Object – You can object to CF247 processing on the basis this is contrary to your rights and freedoms, any objection relating to direct marketing will be acted upon within 48 hours, other objections will be treated as a complaint and assessed against our documented legal basis.
Right to Erasure – Commonly known as the right to be forgotten, CF247 will adhere to your request ordinarily within 72 hours where legal basis is solely or partially established as consent, any data required for legal, regulatory or legitimate interests maybe maintained in accordance with documented retention schedules. However our team will confirm and discuss your request to ensure your rights and freedoms are observed at all times.
Right to Data Portability – You have the right to receive the personal data that you provided to us, in a structured, commonly used and machine-readable format and have the right to transmit those data to another controller in a timely manner, generally 72 hours unless evidenced to be unduly excessive or unreasonable.
You have a further right in connection with automated decisions, however this is covered in the relevant section of this statement.
CF247 has established robust policy and procedural requirements to enable your rights as a data subject to be adhered with, however where this is not possible for the reasons outlined we confirm the detail.
In relation to all of these rights, please write to or contact us at the address below. Please note that we will need to verify your identity.
18. Complaints Process
If you have a complaint about how we have handled your personal information you may contact us using the details below and we will investigate your complaint. You also have the right to lodge a complaint with a supervisory authority (i.e. the ICO) once you have tried to resolve the issue with us.
19. Contact Us
If you have any questions about this Privacy Statement, or you think we have incorrect information or you would like a copy of the information we hold about you, you may request details of personal information which we hold about you please do not hesitate to contact us via any of the below methods:
Data Protection Officer
CarFinance 247 Limited
Devonshire Street North
Queries: [email protected]
Complaints: [email protected]
Telephone queries: 0161 850 4939
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Borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96.
Rates may differ as they are dependent on individual circumstances. Subject to status.