Data protection
FAIR PROCESSING NOTICE - TO SOLE TRADERS AND PARTNERSHIPS
To comply with the terms of the Data Protection Act, Lloyds TSB Commercial Finance Limited (we) are required to advise you of a range of actions which we may wish to undertake. The purpose of this note is to explain to you what these actions are and to clarify your legal rights.
You have a legal right to object to the processing of information about you as described below and to obtain details of the credit reference and fraud prevention agencies from whom we obtain and with whom we record information about you. You may contact our Data Protection Officer in writing or, initially, by telephone on 01295 202455.
You also have the right, on payment of a fee, to receive a copy of the information we hold about you if you apply to our Data Protection Officer in writing.
The address is:
Lloyds TSB Commercial Finance Limited
No 1 Brookhill Way
Banbury
OX16 3EL
The possible actions that we need to bring to your attention are as follows:
- We may search your record at one or more credit reference agencies from time to time. These agencies will add to your record details of our searches and any other organisations carrying out later searches will be able to see that these searches have been made.
- We may check your details with one or more fraud prevention agencies and if you give us false or inaccurate information and we suspect fraud, we will record this.
- We may provide information about your payment record to these agencies or to credit reference agencies operating as part of our group of companies.
This information is recorded so that we and other organisations may use and search these records to:
- help make decisions about credit and credit related services for you and members of your household;
- help make decisions on motor, household, credit, life and other insurance proposals and insurance claims for you and members of your household;
- trace debtors, recover debt, prevent fraud and to manage your accounts or insurance policies;
- check your identity to prevent money laundering, unless you furnish us with other satisfactory proof of identity.
We, the credit reference agencies and the fraud prevention agencies will also use the records for statistical analysis about credit, insurance and fraud.
Information about you may be used by us and other group members for training purposes, credit or financial assessments (including establishing credit limits and providing credit ratings for the benefit of other clients), market research and product analysis and preparing statistics, and to recover monies and prevent fraud and money laundering. Such information may affect the credit terms we can offer you.
Unless you object, then we and other group members and carefully selected businesses may contact you by letter, telephone or e-mail about services and products which may be of interest to you.
We may also give information about you to third parties such as insurers, guarantors, professional advisors, and any business providing a similar service to ours.
