Privacy Policy

Last Updated on 22 October 2020

At Monevo Limited, we’re committed to protecting and respecting your privacy. This Policy explains when and why we collect personal information about people, how we use it, the conditions under which we may disclose it to others and how we keep it secure. This Privacy Policy is specific to customers who have been passed to Monevo Limited from Credit Karma UK Limited (Credit Karma). If you did not begin your application for loan offers here then the applicable Policy can be found here.

An application refers to a request for loan offers made via Credit Karma. You’re under no obligation to proceed with any of the lenders or brokers who make you an offer. The loan request results in a soft search being performed which won’t impact your credit score, this search will be recorded in your report however it’s origin will only be visible to you.

We may change this Policy from time to time so please check this page occasionally to ensure that you’re happy with any changes. By using our website, you’re agreeing to be bound by this Policy.

Topics:

Who are we?

What information do we collect from you?

How do you keep my information secure?

What do we use your information for?

Who might we share your information with to provide our services?

Who we might share your information with for other uses?

Credit Searches

How long do we keep hold of your information?

How can I access the information you hold about me?

What are my rights?

Do you use cookies?

Changes to this Privacy Policy

How can I contact you?
 

Who are we?

Monevo is a registered Trading Name of Monevo Limited which is an Appointed Representative of Quint Group Limited, and is entered on the Financial Services Register under reference number: 723672. Quint Group Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 669450. Monevo Limited is registered in England and Wales (company number 06511345), Oxford House, Oxford Road, Macclesfield, Cheshire, SK11 8HS.

Monevo is a Data Controller and is responsible for the personal data we collect about you. We are Licenced by the Information Commissioner's Office (registration number Z1498441).    

We have appointed a Data Protection Officer whose contact information can be found here.

If you do not provide personal information, we will not be able to provide our services to you of trying to find you a loan or other credit product.


What information do we collect from you?

We collect information about you when you apply for loan offers via Credit Karma. We also collect personal information about you from Credit Reference Agencies. We also collect information when you voluntarily provide feedback via our contact form, email or telephone. Website usage information is collected using cookies and further information can be found here.

The type of information we collect from you during an online application includes, but is not limited to, your: name, current and previous addresses, residential status, date of birth, email address, telephone numbers (home, mobile, work), employment status, income details, IP address and device type.

We do not collect any personal information from children, or about children, nor do we collect sensitive or special category data
 

How do you keep my information secure?

Your security and privacy comes first in everything we do; if your data is not secure then it’s not private. We utilise the most advanced security infrastructure and measures to ensure your data is private whilst in transit and at rest. If we share your information to any third parties, we will only do so if we are sure that they maintain the same levels of security and privacy as ourselves.
 

What do we use your information for?

What we use your personal information for

Further detail

Lawful basis we rely upon

 

 

 

Process your application and to take steps to introduce you to a lender, broker or alternative solution provider, according to your request (our Services).

Enable us to provide your information to lenders, other brokers or alternative solution providers.

Validate your identity.

Access your credit history.

Enable us to contact you regarding your application.

Help us to find you the most appropriate product(s).

Confirm that you can afford the selected product(s).

Confirm whether you were accepted for a product following our introduction to a lender, other broker or an alternative solution provider.

  1. Necessary for the legitimate interest of providing our Services that you have requested when applying for a loan or other credit product.

To improve our business and develop and improve the ways we serve our customers.

Extract certain information for the purpose of generating statistics for our own internal purposes (including credit and/or behaviour scoring, and market product analysis).

Develop and manage products and services to meet your needs.

Determine your eligibility for different products and services that may be of interest to you.

Update our website to better meet your needs in the future.

  1. Necessary for the legitimate interest of improving and developing our business and the products and services we provide to customers.

To manage risk, prevent crime and to comply with all our legal and regulatory obligations

Detect, prevent and investigate actual and potential fraud and related activities such as money laundering.

To respond to any requests for information from our regulators (e.g. the FCA).

To respond to complaints and try and resolve them with our customers.

  1. Necessary for the legitimate interest of protecting our business, complying with the rules and regulations that apply to us and detecting and dealing with crime.
     
  2.  To comply with our legal obligations

 

Sharing your information with other companies

See further detail below.

  1. Legitimate interest of developing our business and the legitimate interest of the other companies we share data with (see further detail below).

 

Who might we share your information with to provide our services?

To enable us to find you the most appropriate product, to complete our Services and to run our business, we will need to share your information with the following third parties, operating as data controllers or data processors:

Category

 

Further information

Companies within our Group

Quint Group Limited

Loan Providers

Loan Providers including but not limited to:

118118 Money (https://www.118118money.com/wp-content/uploads/privacy-policy/)

1st Stop (https://www.1ststop.co.uk/privacy-policy/)

AA Loans (https://www.theaa.com/privacy-notice)

Admiral (www.admiral.com/your-privacy-and-security)

Bamboo (www.bambooloans.com/s/how-we-use-your-information)

Better Borrow (https://betterborrow.co.uk/privacypolicy/)

Credit Spring (https://www.creditspring.co.uk/cookies-privacy-policy)

Everyday Loans (https://www.everyday-loans.co.uk/legals/?a=privacy)

Ikano https://ikano.co.uk/auxiliary-pages/legal/website-privacy)

Lendable (https://www.lendable.co.uk/privacy)

Lending Works (https://www.lendingworks.co.uk/docs/privacy-policy)

Likely Loans (https://likelyloans.com/privacy-policy)

LiveLend (https://livelend.co/privacypolicy/)

My Community Finance (https://www.mycommunityfinance.co.uk)

Post Office (https://www.postoffice.co.uk/privacy)

Shawbrook Bank (https://www.shawbrook.co.uk/privacy-notice/)

Zopa (https://www.zopa.com/privacy-notice)

Brokers

Brokers including but not limited to:

Carfinance247 (https://www.carfinance247.co.uk/privacy-policy)

CreditPlus (https://www.creditplus.co.uk/privacy-policy/)

Fluent Money (https://www.fluentmoney.co.uk/data-protection)

Zuto (https://www.zuto.com/privacy/)

Affiliate

Credit Karma UK Ltd who introduced you to us.

Credit Referencing Agencies

TransUnion whose privacy policy can be found here and Experian.

Third party processors

These are companies who provide services to us and who may process your personal information based solely on the instructions they receive from us. For example, IT providers and companies that host our platforms and keep them secure.

 

Who we might share your information with for other uses?

We may also need to share your information if we decide to sell, transfer, or merge parts of our business. If this happens, we may share your data with other parties involved but only if they agree to keep your data safe and private. 
 

Credit Searches

We will make searches about you at credit reference agencies who will supply us with credit information, as well as information from the Electoral Register. The agencies will record details of the search whether or not this application proceeds. We may use credit-scoring methods to assess this application and to verify your identity. Credit searches and other information which is provided to us and/or the credit reference agencies, about you and those with whom you are linked financially may be used by Monevo and other companies if credit decisions are made about you.

Information held about you by the Credit Reference Agencies may be linked to records relating to your partner. For the purposes of this application you and your partner are financially independent and you request that your application be assessed without reference to any “associated” records, although you recognise that this may adversely affect the outcome of your application. You believe that there is no information relating to your partner that is likely to affect our willingness to offer financial services to you. You authorise us to check the validity of this declaration with credit reference agencies and if we discover any associated records, which would affect the accuracy of this declaration we may decide not to proceed with the application on this basis. We may periodically check and update your credit profile to provide you with up to date relevant offers. This will not impact your credit score, credit worthiness or your ability to obtain credit.
 

How long do we keep hold of your information?

The amount of time we hold your information depends on the reason it was provided. Your data will not be kept indefinitely and will only be kept for as long as is required for legitimate business reasons (for example to provide you with our Services or for the other reasons we explained above) and in order for us to comply with our legal and regulatory obligations.

The personal information we receive when you make an application (whether on our website or which comes to us via one of the websites of our affiliates) is kept for a maximum of six years, which will commence at the end of the relationship. We are required to do so to ensure that if any disputes or complaints are raised, we have your information to enable us to address the complaints or disputes.

If you request that we do not contact you for advertising and marketing reasons, we will need to keep your information as this would reflect your preferences.

To request details relating to your personal data retention, please use the contact details here.


How can I access the information you hold about me?

You will be able to access the records we hold about you upon request. We will not charge a fee to provide this information, unless the request is manifestly unfounded or excessive. If you require further copies a fee may apply. To request access to your information please contact compliance@monevo.com.
 

What are my rights?

You have the following rights regarding the processing of your personal data, given to you through legislation:

The right to be informed

You have a right to be informed about how your personal data is processed in a concise, transparent, intelligible and easily accessible manner, written in clear and plain language, that is free of charge. This is the purpose of this Privacy Policy.

The right of access

You have the right to obtain confirmation that your data is being processed and to have access to that personal data. You can request this using the contact details here.

The right to rectification

You have the right to have your personal data rectified if it is incorrect or incomplete and we must notify any third parties that we have shared your data to do the same. You can request this using the contact details here.

The right to erasure

You have a “right to be forgotten”, or to have your personal data erased and to prevent processing. The right is not absolute and in certain circumstances, this may not be possible (for example where we have to keep your personal data for legal or regulatory reasons). We must notify any third parties that have been shared your data of your request. You can request this using the contact details here.

The right to restrict processing

You have the right to ‘block’ or suppress the processing of your personal data. This does not stop the storing of your personal data, as it may be required to restrict processing in the future. We must notify any third parties that have shared your data of your request.  You can request this using the contact details here.

The right to data portability

You have the right to obtain and reuse your personal data for your own purposes across different services in a safe and secure way, without hindrance to usability. You can request this using the contact details here.

The right to object

You have the right to object to processing based on legitimate interests or the performance of a task in the public interest/exercise of official authority (including profiling); direct marketing (including profiling); and processing for purposes of scientific/historical research and statistics. You can request this using contact details here.

Rights in relation to automated decision making and profiling

You have a right to object to automated decision making, to express your point of view, ask for human intervention, and to be provided with an explanation of the decision with your option to challenge it. You can request this using the contact details here.

The right to withdraw consent

If you have given us explicit consent to process your personal data you have a right to withdraw that consent at any time, including but not limited to the removal of consent to be contacted for marketing purposes. You can request this using the contact details here.

The right to lodge a complaint with a supervisory authority

You have the right to lodge a complaint with us directly and / or with a supervisory authority. In the UK the relevant authority is the Information Commissioner’s Office (ICO). You can find their contact details here: https://ico.org.uk/global/contact-us/


Do you use cookies?

Monevo uses cookies to help us analyse the traffic on our site and customer behaviour. Cookies may also be used by our partners to understand marketing and traffic patterns. Whilst visiting our website, any pages you choose to view will download cookies onto your computer. Cookies are a good way of helping us measure and assess our visitors and their own profiles, which then enables us to offer our customers a better service. Although we use cookies as above, we would not store anything that would make you identifiable i.e. passwords or locations, activity relating to finances and also your preferences. We also use customer information in order to help us to see how effective our website is, and also to highlight any improvements we may need to make. This information may in turn be passed to other businesses (third parties) purely for advertising reasons. Please be assured again that this information will not include personal information that can make you identifiable. Most web browsers will automatically accept cookies, however you can change normally your browser settings to prevent automatic acceptance. Please be aware that if you do not accept cookies, Monevo Limited cannot guarantee that our website will perform as well.

We use the following cookies on this page:

Necessary Cookies:

These cookies are required for us to be able to operate the website.

Whose Cookie?

Use

Name and duration

Ours

Help detect and prevent fraud

XSRF-TOKEN (2 hours)

 

Run the session whilst you're logged in


Laravel session (2 hours)


Functionality cookies:

These are used to improve the performance of this website.

Whose Cookie?

Use

Name and duration

Third Party

To help speed up page load time and improve security

cfduid (2 years)


Analytical and targeting cookies:

These collect information about how visitors find and use our Service. This helps us to improve our service and to tell if you have reached our website from one of our partners so that we can meet our contractual commitments to that partner.

Whose Cookie?

Use

Name and duration

Third Party

Track and distinguish users across the site

ga (2 years)


We also use cookies on the Credit Karma website (https://www.creditkarma.co.uk/)  and also their web applications. This is covered by Credit Karma’s Cookie Policy, available here
 

Changes to this privacy policy

We may make changes to this privacy policy from time to time. You should check this page regularly to see our most up to date policy. We will tell you about any changes to this privacy policy by showing the date of the changes in the “Last updated” section above.
 

How can I contact you?

If you have any queries or concerns relating to our privacy policy then please send an email to our Compliance Team at: compliance@monevo.co.uk, or our Data Protection Officer at dpo@monevo.co.uk

Alternatively, you can write to our Compliance Manager or Data Protection Officer at the following address:

Monevo Limited
Oxford House
Oxford Road
Macclesfield
Cheshire
SK11 8HS