FACTS
What does Illinois Lending Corporation(“ILC”) do with your personal information?
Why? | Financial companies must disclose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. This Privacy Policy applies to any transaction with ILC. Please read this notice carefully. |
What? | This privacy policy covers all of your personally identifiable information. The types of personal information we collect and share may depend on the product or service you have with us. This information can include:
|
How? | All financial companies need to share customers’ personal information in the course of their everyday business. In the section below, we list the types of sharing of customers’ personal information, how we share, and whether you can limit this sharing. |
Reasons we can share your personal information and to whom | Do you share? | To whom is information shared with?Can you limit this sharing? |
| For our everyday business purposes – such as to verify your personal information, to approve and process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus | Yes | 3rd Party processors and providers who have a duty of confidentiality, to courts when an order is received, and to major consumer credit reporting agencies and verification services such as Teletrack, CL Verify, etc.No |
| For our marketing purposes – to offer our products and services to you | Yes | 3rd party providers such as email services and text message providers who have an obligation of confidentiality.Email: No, Text: Yes. |
| For joint marketing with other financial companies | Yes | No |
| For our affiliates’ everyday business purposes – information about your transactions and experiences | Yes | No |
| For our affiliates’ everyday business purposes – information about your creditworthiness | Yes | No |
| For our affiliates to market to you | Yes | Yes |
| For non-affiliates to market to you | Yes | Yes |
TO LIMIT SHARING
Write to us at: Illinois Lending Corporation, 701 Lee St. #570, Des Plaines, IL, 60016 within thirty (30) days of your application.
Please note: If you are a new customer, we begin sharing your information for business purposes to process your transactions immediately. We will not share your information to unrelated companies for the purpose of marketing their goods and services to you for 30 days from the date you receive this notice. When you are no longer our customer, we continue to share your information as described in this notice.However, you can contact us at any time to limit our sharing as provided for in this privacy policy, allowing us enough time to act on your request.
QUESTIONS?
Call us at (877) 562-6195 or go to www.illinoislending.com
WHO WE ARE
Who is providing this notice?
Illinois Lending Corporation is providing this privacy policy and it applies to all products and services.
WHAT WE DO
How does ILC protect my personal information?
We take your privacy very seriously. To protect your personal information from unauthorized access and use, all electronic files are protected by SSL encryption, the industry security standard, and all networks are secured by firewalls. Data is stored on secure servers, and any documents are protected in locked offices in locked cabinets with security cameras. Only those employees with a need to access your information may do so. All employees and vendors are subject to a duty of confidentiality.
How does ILC collect my personal information?
We collect your personal information, for example, when you:
- Apply for a loan or other product or service from us
- Give us your income information
- Make deposits or withdrawals from your bank account
- Provide account information
- Provide employment information
We also collect your personal information from third party vendors, such as credit bureaus, affiliates or other companies under a permissible purpose for the FCRA.
Why can’t I limit all sharing?
Federal law gives you the right to limit only:
- Sharing for affiliates’ everyday business purposes – information about your creditworthiness
- Affiliates from using your information to market to you
- Sharing for non-affiliates to market to you
State laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law.
DEFINITIONS
Affiliates
Companies related by common ownership or control. They can be financial and nonfinancial companies.
Non-affiliates
Companies not related by common ownership or control. They can be financial and nonfinancial companies.
Non-affiliates can include debit card processors, banks, wire transfer services, credit bureaus, and information verification services.
Joint marketing
A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
Our joint marketing partners can include institutions such as other lenders, lead providers and other service providers.