Privacy Policy

Introduction

This policy applies to our website, application process, products or services that link to this policy or do not have a separate privacy policy.

The purpose of this privacy policy is to give you a better understanding of:-

  • what information we collect;
  • how we use that information;
  • how this information is shared;
  • your rights; and
  • other useful privacy and security related matters.

We hope you take the time to read this policy. It is important to check back often for updates to this policy. If we make changes we consider to be important, we will let you know by placing a notice on the relevant service.

Who is the Data Controller?

QI Finance.com Limited, Bank House, 2 Library Place, St Helier JE2 3NL.

The Data Protection Officer (DPO)

Qi Finance has appointed a Data Protection Officer (DPO). Our Customer Service team will be your initial point of contact if you wish to exercise your rights. Please see the 'Your Rights' section below. You can contact our DPO at steve@qigroupltd.com.

Website visitors

Like most website operators, we collect non-personally-identifying information of the sort that web browsers and servers typically make available, such as the browser type, language preference, referring site, and the date and time of each visitor request. Our purpose in collecting non-personally identifying information is to better understand how visitors use our website.

We also collect potentially personally-identifying information like Internet Protocol (IP) addresses for users completing forms on our website. We only disclose logged in user IP addresses under the same circumstances that we use and disclose personally-identifying information as described below.

We may also collect statistics about the behaviour of visitors to our website. For instance, we may monitor the most popular pages on the site. We do not display this information publicly or provide it to others.

Cookie collection

A cookie is a string of information that a website stores on a visitor's computer, and that the visitor's browser provides to the website each time the visitor returns. We use cookies to help identify and track visitors, their usage of the website, and their website access preferences. Visitors to the website who do not wish to have cookies placed on their computers should set their browsers to refuse cookies before using our website, with the drawback that certain features of the website may not function properly without the aid of cookies.

Collection of initial Information

We collect information about you during the loan application process for any of our products and services. This information includes personally identifiable information, employment information, financial data and any other details that might be required from you for the purpose of using our services.

Collection of additional information and documentation

We may also collect the following additional information and documentation:

  • Verification of identity document, e.g. passport;
  • Verification of residential address document, e.g. utility bill.
  • Employment contracts and payslips.
  • Business financial statements and accounts.
  • Bank statements.
  • Tax assessments and notices.
  • Statements for any existing credit arrangements.
  • Information from third party databases to comply with credit underwriting, legal and regulatory obligations.
  • Any other information that may be deemed relevant and specific to an application for a credit facility.

Third party and publicly available sources

Not all the personal and credit information we hold about you will always come directly from you. We may also collect information from third parties such as our partners, credit service providers and publicly available websites (i.e. social media platforms), to comply with credit underwriting, legal and regulatory obligations.

How we use this information

The prime purpose of collecting this information is for the application, provision and management of credit related financial products and services. The processing of such information is considered necessary in order to:-

  • Fully understand your needs and assess your individual, personal and financial circumstances with respect to the underwriting of a credit facility.
  • Verify the accuracy of your personal and financial information, including disclosure of such information to third parties, e.g. third-party credit reference agencies.
  • Approach third party lenders on your behalf in order to try and obtain a suitable credit facility.
  • Establish internal records for the provision of business operations and services.
  • Fulfil legal and regulatory obligations. We may be required to use and retain personal and financial information for legal and compliance reasons, such as the prevention, detection and identification of money laundering and the financing of terrorism.
  • Meet our internal and external audit requirements, information security purposes, and as we otherwise believe to be necessary or appropriate under applicable law and to respond to requests from courts, law enforcement agencies, regulatory authorities, and other public and government authorities.

How information is shared

Your personal and financial information may be transferred or disclosed to trusted third parties, for the processing of that personal information based on our instructions and in compliance with this policy and any other appropriately confidential and secure measures.

Our third-party service providers and partners include:-

  • IT hosting platforms.
  • Credit reference agencies.
  • Lending and financial organisations.
  • Payment gateway providers.
  • Debt collection, tracing and recovery organisations.
  • Regulatory authorities, government agencies and law enforcement agencies.
  • Financial ombudsman.
  • Auditors and accountants.

Consent to processing and acceptance of this policy

By providing personal information to us as part of the application for credit facilities, you fully understand and expressly consent to the processing of that data as described within this policy. If you do not agree to this policy, please do not apply for any of the available credit products and services.

Online applications:

Prior to submitting an application for one of our credit products you will be asked to confirm your permission to continue based upon the conditions set out in this document by your completion of a tick box. Upon acceptance the data will be forwarded to us. Should you be unwilling to accept this Privacy Policy at that point, the application will not be forwarded and you will be free to discard without any further interaction with Qi Finance.

Your rights

Under the General Data Protection Regulation (GDPR), you, as a data subject have a number of rights which are detailed below. Some of these only apply in specific circumstances and are qualified in several respects by exemptions in data protection legislation. We will advise you in our response to your request if we are relying on any such exemptions.

  • Access to personal data

    You have a right to request a copy of the personal information that we hold about you. Should you wish to make such a request, please see the Contact Us section for information on how to contact us.

    You should include adequate information to identify yourself and such other relevant information that will reasonably assist us in fulfilling your request. Your request will be dealt with as soon as possible but no later than within one month.

  • Correction of personal data

    You can request us to rectify and correct any personal data that we are processing about you which is incorrect.

  • Right to withdraw consent

    Where we have relied upon your consent to process your personal data, you have the right to withdraw that consent.

  • Right of erasure

    You can request us to erase your personal data where there is no compelling reason to continue processing. This right only applies in certain circumstances and is not a guaranteed or absolute right. Any regulatory or legal requirement to retain your records will take precedence.

  • Right to data portability

    This right allows you to obtain your personal data that you have provided to us with your consent or which was necessary for us to provide you with our products and services in a format which enables you to transfer that personal data to another organisation.

  • Right to restrict processing of personal data

    You have the right in certain circumstances to request that we suspend our processing of your personal data. Where we suspend our processing of your personal data we will still be permitted to store your personal data, but any other processing of this information will require your consent, subject to certain exemptions.

  • Right to object to processing of personal data

    You have the right to object to our use of your personal data which is processed on the basis of our legitimate interests. However, we may continue to process your personal data, despite your objection, where there are compelling legitimate grounds to do so or we need to process your personal data in connection with any legal or regulatory claims.

  • Rights relating to automated decision making and profiling

    You have the right not to be subject to a decision which is based solely on automated processing (without human involvement) where that decision produces a legal effect, or otherwise significantly affects you. This right means you can request that we involve one of our employees or representatives in the decision-making. We are satisfied that we do not make any automated decisions of this nature.

Changes to the Privacy Policy

Although most changes are likely to be minor, we may change our Privacy Policy from time to time, and at our sole discretion. We encourage visitors to frequently check our Privacy Policy. Your continued use of the website and the products and services after any change in this Privacy Policy will constitute your acceptance of such change.

How to contact us

For any requests related to your personal information or any of your rights referenced above, please feel free to contact us in one of the following ways:-

  • Email: steve@qigroupltd.com
  • Post: The DPO, Qi Finance, Bank House, 2 Library Place, St Helier, Jersey JE2 3NL.

Filing a complaint

If you are not satisfied with how we manage your personal data, you have a right to make a complaint to your local Information Commissioner.

Other useful privacy & data security related matters

Record retention

We retain personal information for as long as we reasonably require it for legal or business purposes. For the jurisdictions in which operate, and subject to us not having a legal or regulatory requirement, or a risk management reason for retaining your information for a longer period, your information will not be kept for longer than 6 years following that date on which your relationship with us ceases. We will take all necessary steps to ensure that the privacy of information is maintained for the period of retention.

Security

We recognise that online security and data protection is an area of vital importance for all our customers, so it is important to us that you have confidence in the security of your personal details. We are committed to employing security measures to protect your information from access by unauthorised persons and to prevent accidental or unlawful processing, disclosure, destruction, loss, alteration and damage. As the security of some communications via the internet is not completely secure, we cannot guarantee the security of any information that you disclose using your internet connection. You accept the inherent security implications of using the internet and Qi Finance will accept no liability for any direct, consequential, incidental, indirect, or punitive losses or damages arising out of such an occurrence