This Privacy Statement is made on behalf of Rapid Loans NZ Limited and all references to “Rapid Loans”, “we”, “us” or “our” in this statement are references to Rapid Loans NZ Limited (Company Number 3579431)
Please read carefully before signing any documentation.
Protecting your information is important
At Rapid Loans, we understand the importance of protecting information that identifies you. This Privacy Statement tells you how and why we collect information when you apply for funding and also how we may use the information.
Rapid Loans requires information from Consumers in order to adequately and responsibly assess a Consumer’s request for funds. Rapid Loans assures Consumers that all information provided by them in association with the facilitation of credit, shall be used by Rapid Loans only for the primary purposes of:
The Privacy Act 1993 empowers and regulates Rapid Loans in its collection of information about you, both from you and from other sources such as credit reporting agencies, your referees, your bank, past or present employers, any other business organisation that may have information relevant to your application for funds and from any publicly available source of information. The Privacy Act 1993 also regulates the use and storage of such information.
Information Disclosure and Communications under the Unsolicited Electronic Messages Act 2007 Act
You are informed that Section 9 of the Unsolicited Electronic Messages Act 2007 Act provides that Rapid Loans cannot communicate with you via a “commercial electronic message” (email, fax, SMS) without your consent. As you would expect, for speed and convenience, where possible and with your permission, Rapid Loans would prefer to communicate with you using such electronic means. By submitting an application via Rapid Loans’s website, you consent to receiving commercial electronic messages from Rapid Loans. Without your permission, written communications will have to be conveyed by ordinary post.
What information we collect about you
Rapid Loans and / or its authorised agents collects information about you when you apply for funding. We collect personal information about you to verify your identity, address and income so that we can adequately assess your application. By acknowledging this form you also give us authority to do credit reference checks. If your funding is approved, elements of your application and repayment history may be used in calculating statistics. Your details are never associated directly with the resulting statistics which are only ever used to enable us to better serve you and future customers and to aid our marketing. (For example your age may be used in calculations which profile age brackets of our customer base).
We may also use your information to provide you with offers and information about our services that we think may interest you. If you do not want to receive this information, contact us and we will remove you from our mailing list.
Rapid Loans adopts and endorses the Information Privacy Principles contained in the Privacy Act 1993:
Rapid Loans collects personal credit information only for the following purposes:
This information can include any information about your credit worthiness, credit standing, credit history or credit capacity, that funds providers and credit reporting agencies are allowed to give to, or receive from, each other under the Privacy Act 1993.
This information is accessed, only as required by Rapid Loans, its employees, professional advisers, contractors and other service providers, to facilitate the above purposes. Rapid Loans will not sell, rent or trade your personal information. We assume that any referral to third parties that you may give us, in order to obtain your personal and other information will have been with the agreement and knowledge of the third parties involved and that you will have made them aware of the purposes and use of such information, prior to our contacting them.
Information Regarding Contact Details Of Friends Or Relatives (Referees)
This information will only be used for the purpose of enabling Rapid Loans to contact these people regarding your whereabouts if we are unable to contact or locate you. You should advise them if you have given Rapid Loans their contact details and immediately notify us if they do not want to be contacted.
Information Disclosure To Credit Reporting Agencies
You are hereby informed that, in accordance with the terms of the Privacy Act 1993, Rapid Loans as a credit provider, may disclose your credit information to credit reporting agencies (including but not limited to Equifax (formerly Veda Advantage)) for the following purposes:
In order to assess an application for commercial funds, Rapid Loans will need to obtain a report containing information about your commercial activities and/or commercial worthiness, from a business which provides information about the commercial credit worthiness of people.
Information Disclosure To Confirm Your Identity
Information that we disclose to credit reporting agencies for the purpose of confirming your identity may include the provision of your name and/or address and/or date of birth and drivers licence number as you have provided to us. Please note that the provision of your driver licence number is voluntary and you can refuse to provide it. However, this may affect our ability to adequately confirm your identity. Such information is provided to credit reporting agencies by Rapid Loans, for a matching process entailing comparison with personal information about you which they already have on their files. If there is no satisfactory match found and/or the level of verification which we must seek, as part of our mandatory credit unsuitability/suitability assessment process, is inadequate we may give you the opportunity to verify your identity by contacting the credit reporting agency yourself, or by alternative means, before we can advance a loan. In these circumstances, if you choose not to attempt to verify your identity by contacting the credit reporting agency yourself, or by alternative means, or your contact with the credit reporting agency is unsuccessful, or we determine that the alternative has failed to provide adequate identity verification, we cannot advance you a loan.
Information Disclosure To Other Organisations
The information disclosed to the above is limited to (if applicable):
This information may be given before, during or after the term of the provision of funds.
Information Disclosure In The Event Of A Default Of Your Payment Obligations
In the event of any default of the payment conditions entered into in association with Rapid Loans, any information provided by you shall be made available to personnel employed by solicitors and/or debt collection agencies authorised by Rapid Loans in the process of recovery of funds advanced, plus all associated fees and charges (if any) and all legal and administrative costs incurred, following the default.
How to contact us
email: firstname.lastname@example.org ; or
telephone: 0800 727 436