Preferred Loans Privacy Policy

Preferred Loans LLC takes great pride in our commitment to ensuring the security of a consumer’s financial information.  Our policy toward the sharing of your financial information exceeds federal legal requirements.  In fact, we do not share your protected information  (known as nonpublic personal information)  with nonaffiliated third parties except for routine processing of a transaction at your request and as otherwise permitted or required by law.  We do not share protected information with outside marketing agents.

 

For our internal use, we collect the following types of information about you:

 

 *        Information we receive from you on applications and other forms, such as name, address, social security number, assets, and income.

 

 *        Information about your transactions with us, such as account balances, payment history, parties to transactions, and credit care usage; and

 

 *        Information we receive from consumer reporting agencies, such as creditworthiness and credit history.

 

If you choose to close your account (s) with us or if you become an inactive customer, we will continue to adhere to the privacy policies and practices described in this notice.

 

We restrict access to protected information to those employees who need to know that information to provide products or services to you.  We also maintain physical, electronic, and procedural safeguards that comply with federal standards to protect your information.