Privacy Policy

Who we are:

Modern Finance Solutions are a trading style of Autoleaseplan Ltd

Our Company No: 05244464 registered at 10 Basildene Road Hounslow TW4 7LE

we are authorised and Regulated by the Financial Conduct Authority No 723438.

We are a credit broker for our Customers and we are not a lender.

 

We may share your information with, and obtain information about you from, credit reference agencies or fraud prevention agencies. However we will not refer your details to a credit reference agency after the expiry of three months from the date of consent, unless we receive a further consent from you to do so.

We will not disclose your information to any company outside of Modern Finance Solutions except to help prevent fraud or obtain or give effect to a third party decision for funding on your behalf 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 info@modernfinancesolutions.co.uk

 

 

How we will use the information about you

Here at Modern Finance Solutions we take your privacy seriously and will use your personal information in a number of ways which will help us;

  • make lender decisions,
  • for fraud prevention,
  • for audit,
  • for statistical analysis,
  • credit reference checks

 

 

What we use personal information for:

see table below:

 

What we use personal information for

 

 

Our reasons

 

What this looks like

 

To manage our relationship with your customers or your business.

 

To develop new ways to meet our customers’ needs and to grow our business.

 

To develop and carry out marketing activities.

 

To study how our customers use products and services from us and other organisations.

 

To provide advice or guidance about our products and services.

 

Your customer’s consent.

 

Fulfilling contracts.

 

Our legal duty.

 

Keeping our records up to date, working out which products and services may interest your customer and telling them about them.

 

Developing our service, and what we charge for them.

 

Defining types of customers for new products or services.

 

See consent when we need it to contact them.

 

Being efficient about how we fulfil our legal duties.

 

 

 

To develop and manage our brands, products and services.

 

To test new products.

 

To manage how we work with other companies that provide services to us and our customers.

 

Fulfilling contracts

 

Our legal duty.

 

Developing our offering and revenue generation.

 

Defining types of customers for new products or services.

 

Being efficient about how we fulfil our legal and contractual duties.

 

To deliver our products and services.
 

Fulfilling contracts.

 

Our legal duty.

 

Being efficient about how we fulfil our legal and contractual duties.

 

Complying with regulations that apply to us.

 

To detect, investigate, report, and seek to prevent financial crime.

 

To manage risk for us and our customers.

 

To obey laws and regulations that apply to us.

 

To respond to complaints and seek to resolve them.

 

 

 

Fulfilling contracts.

 

Our legal duty

 

 

 

 

Developing and improving how we deal with financial crime, as well as doing our legal duties in this respect.

 

Complying with regulations that apply to us

 

Being efficient about how we fulfil our legal and contractual duties.

 

To run our business in an efficient and proper way.

 

This includes managing our financial position, business capability, planning, communications, corporate governance, and audit.

 

 

Our legal duty.
 

Complying with regulations that apply to us

 

 

 

To exercise our rights set out in agreements or contracts.

 

 

 

Fulfilling contracts

 

Your Personal Data: What we need

Modern Finance Solutions will be what is 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, title, address, email, dependents, financial status, telephone numbers, date of birth, banking details, brokered agreements, digital and physical proofs of identity, employment details, finance requirements.

 

Type of personal information Description
Financial Financial Position, status and history
Contact Residence/work contact info
Socio Demographic This includes details about profession, nationality and income
Contractual Details about the services we provide
Locational Data we get about where web users are, such as may come from visiting our website
Technical Details on the devices and technology used to access our website
Communications What we learn from letters, emails and conversations
Social Relationships Family, friends and other relationships, where such information is pertinent to a legal obligation
Open Data and Public records Details that are in public records, such as the Electoral Register and information that is openly available on the internet
Usage Data Other data about how we acquire customers for our products and services
Documentary Data Details that are stored in documents in different formats, or copies of them. This could include things like passports, drivers licences or birth certificates.
Social types of data The law and other regulations treat some types of personal information as special. We will only collect and use these types of data if the law allows us to do so:

• Racial or ethnic origin

• Religious or philosophical beliefs

• Trade union membership

• Genetic and bio-metric data

• Health data including gender

• Criminal convictions and offences

 

Consents Any permissions, consents or preferences that are given us. This includes things like how individuals want us to contact them.
National Identifier

 

 

A number or code given to persons by a government to identify them, such as a National Insurance number, or licence number.

 

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.

For processing of data to be lawful under GDPR, Modern Finance Solutions use;

Consent: the individual has given clear consent for you to process their personal data for a specific purpose.

 

Contract: the processing is necessary for a contract you have with the individual, or because they have asked you to take specific steps before entering into a contract.

Legal obligation: the processing is necessary for you to comply with the law (not including contractual obligations).

What we do with it

All the personal data we use is controlled by Modern Finance Solutions in the UK, however, for the purposes of IT hosting and maintenance, this information is located on servers within the European Union. In the event of the UK no longer having member status within the EU, this information will be held on servers within the UK. 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.

We may pass your data to third party funders or other finance brokers 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 The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 to keep your basic personal data, such as name, address, email, dependents, telephone numbers, date of birth, brokered agreements, and digital and physical proofs of identity for a minimum of 6 years after the end of any agreement, after which time it will be destroyed. 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 with 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 Compliance Director 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 consent, unless we have other lawful grounds for doing so.

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 Compliance Director is Hitesh Kanadia and you can contact him by email at info@modernfinancesolutions.co.uk

We will share your details with our panel of lenders, other finance brokers and companies, so that they process your information, allowing Modern Finance Solutions to offer suitable and sustainable products that they provide.

If you consent to us passing your details for that purpose, please confirm the following.

Additional Marketing

However, from time to time we would like to contact you with details of other finance products, assets for sale or competitions we may run from time to time. If you consent to us contacting you for this purpose please tick to say how you would like us to contact you.

    Additional Marketing

    From time to time we would like to contact you with details of other finance products, assets for sale or competitions we may run from time to time. If you consent to us contacting you for this purpose please tick to say how you would like us to contact you.

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