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PURPLE SHOOTS BUSINESS LENDING LTD
Data Protection Policy
Purple Shoots Business Lending Ltd (Purple Shoots) will collect personal data on individuals for the purpose of providing financial support and business advice, and will maintain registration under the Data Protection Act. Purple Shoots undertakes to treat this personal information as required by this Act.
Customers will be informed of how the data they provide will be used and have the right to ask for details which Purple Shoots holds about them and this will be provided on request. Details of how to contact us will be provided by us at the time the information is provided, on our website and on the public register held by the ICO. No personal information will be disclosed without checking the ID of the caller – this would be done by checking the file and asking the caller to answer two questions relating to it – for example the date the loan was completed, the amount of monthly repayments etc.
The Director is responsible for ensuring compliance under the Data Protection Act and will ensure that any staff or volunteers are also aware of these requirements.
When collecting people’s personal information, we will tell them how we will use it and we will not keep it any longer than necessary. On receipt of a request for disclosure of information held, we will do so within 5 working days.
Personal data will be stored electronically, protected by a password, and in locked cabinets in the company’s premises. All data is backed up daily to a secure Cloud. Only data necessary for the loan assessment process will be collected. Generally sensitive data as defined by the Act is not collected apart from possibly criminal record.
Personal data is only shared with the loan verifier (who is also ICO registered) and a limited amount is shared with Purple Shoots Trustees, Purple Shoots’ credit controllers and Purple Shoots’ accountant.
At the time of application, consent is requested for use of the client’s business in promotional activities. If this is not given, the client’s connection with Purple Shoots remains confidential.