Privacy Policy

PRIVACY POLICY

Protecting your privacy is important to Advanced Business Services (ABS) and our employees. We want you to understand what information we collect and how we use it. In order to provide our customers with loans as effectively and conveniently as possible, we use technology to manage and maintain customer information. The following policy serves as a standard for all Advanced Business Services employees for collection, use, retention, and security of nonpublic personal information related to our loans programs.

WHAT INFORMATION WE COLLECT

We may collect "nonpublic personal information" about you from the following sources: Information we receive from you on applications or other loan forms, such as your name, address, social security number, assets and income; Information about your loan transactions with us, such as your payment history and loan balances; and Information we receive from third parties, such as consumer reporting agencies and other lenders, regarding your creditworthiness and credit history "Nonpublic personal information" is nonpublic information about you that we obtain in connection with providing a loans to you. For example, as noted above, nonpublic personal information includes your name, social security number, payment history, and the like.

COLLECTION AND USE OF BANK ACCOUNT INFORMATION

If we extend credit to a consumer, we will consider the bank account information provided by the consumer as eligible for us to process payments against. In addition, as part of our information collection process, we may detect additional bank accounts under the ownership of the consumer. We will consider these additional accounts to be part of the application process.

WHAT INFORMATION WE DISCLOSE

We are permitted by law to disclose nonpublic personal information about you to third parties in certain circumstances. For example, we may disclose nonpublic personal information about your loans to consumer reporting agencies and to government entities in response to subpoenas. Such disclosures are made as necessary to effect, administer and enforce the loan you request or authorize. Otherwise, we do not disclose nonpublic financial information about our customers or former customers to anyone, except as permitted by law. If you become an inactive customer, we will continue to adhere to the privacy policies and practices described in this notice.

OUR SECURITY PROCEDURES

We also take steps to safeguard customer information. We restrict access to nonpublic personal information about you to those of our and our servicer's employees who need to know that information to provide loans to you. We maintain physical, electronic and procedural safeguards that comply with federal standards to guard your nonpublic personal information.