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Privacy Notice | ABFL Ltd

Privacy Notice

Asset Based Finance and Leasing Ltd Privacy Notice
Who are we?

Asset Based Finance and Leasing Ltd are a trading style of ABFL which are Commercial Finance Brokers based in Pinner, Middx, UK. We act as an introducer/advisor/broker/intermediary for our customers. Asset Based Finance and Leasing Ltd are Authorised and Regulated by the Financial Conduct Authority (FRN: 726152).

How we will use the information about you?

Here at Asset Based Finance and Leasing Ltd we take your privacy seriously and will use your personal information in a number of ways which will help us, including but not limited to;
1. Make lender decisions, 2. For fraud prevention, 3. For audit,
4. For statistical analysis, 5. Credit reference checks
We may share your information with, and obtain information about you from, credit reference agencies or fraud prevention agencies. Information you provided may be put onto a register of claims and shared with other insurers to prevent fraudulent claims.
We will not disclose your information to any company outside of a bank/lender/authorised and regulated broker except to help prevent fraud or if required by law to do so.
For further information on how your information is used, how we maintain the security of your information and your rights to access/alter and change information we hold on you, please contact mike@abfl-ltd.co.uk

Additional Marketing
However, from time to time we would like to contact you with detail of other funding products or our credit broking and debt advisory services and non-financial business and consultancy services that we provide. If you consent to us contacting you for this purpose please tick to say how you would like us to contact you. This is what we would ask each individual.
☐ Post
☐ Email
☐ Phone
☐ Text
☐ Automated Call

Your Personal Data:

What we need
Asset Based Finance and Leasing Ltd will be what’s known as the ‘controller’ and the ‘Processer’ of the personal data you provide to us. We collect personal data about you which may also include any special types of information or location based information.
We also gather
Name, address, email, dependents, financial status, receive Photo ID and utility bills, mortgage statements, council tax bills and other relevant personal financial information. This may include an assets and liability statement for each individual director/shareholder for each borrowing transaction where Asset Based Finance and Leasing Ltd is helping you as our client.

Why we need it
We need to know your basic personal data in order to provide you with an accurate recommendation for your personal circumstances. We will not collect any personal data from you we do not need in order to provide and oversee this service to you.

What we do with it
All the personal data we use is controlled by Asset Based Finance and Leasing Ltd in the UK, however, for the purposes of IT hosting and maintenance, this information is located on servers within the European Union. No 3rd parties have access to your personal data unless the law allows them to do so. We have a Data Protection regime in place to oversee the effective and secure processing of your personal data. More information on this framework can be found on our website.

We may pass your data to
Lenders (that are non-bank financial institutions)
Other FCA authorised and regulated brokers/intermediaries/advisers
in order to provide you with offers of products suitable to meet your customer requirements
Your data is stored electronically on our cloud encrypted server. Our server is based in the UK.

How long we keep it
We are required under to keep your basic personal data, such as your name, address, contact details and all personal data including but not limited to the information listed beforehand in this Privacy Notice for a minimum of 6 years after which time it will be destroyed, unless the term of any finance arranged by Asset Based Finance and Leasing Ltd exceeds the 6 years’ time period. The information used for marketing will be kept with us until you notify us that you no longer wish to receive this information.

What are your rights?
If at any point you believe retained information is incorrect you can request to see this information and even have it corrected and possibly deleted. Providing you this information is free of charge, but charges may apply for excessive requests.
If you wish to raise a complaint on how we have handled your personal data, you can contact our Data Protection Officer who will investigate the matter.
Where relevant, you have the right to withdraw consent at any time and this means that we cannot process your data provided without your convent.
If you are not satisfied with our response or believe we are processing your personal data not in accordance with the law you can complain to the Information Commissioner’s Office (ICO).
Our Data Protection Officer is Mike Deacon and you can contact them at mike@abfl-ltd.co.uk

What happens next?
If an application for borrowing credit arises, then we will share your details with the lenders and organisations we will advise you of as part of our services to you, so that they process your information, allowing Asset Based Finance and Leasing Ltd to offer suitable and sustainable products that they provide. If any individual that we deal with consents to us passing such individual’s personal details for that purpose, such individual will be asked to formally consent to us to share such information.