Approval Store may disclose information about you to the following types of third parties: Approval Store affiliates; service companies (companies that provide services to Auto Loans in Canada in order to process your application); financial institutions, and credit bureaus, collection agencies. Your information is disclosed to the foregoing entities solely for the getting a loan that meets your criteria. Outlined below is the information shared with each type of third party and as appropriate, your options:
- Sharing Information with Service Companies – In order to provide quality service, Approval Store contracts with service providers for essential roles in processing your application. We may disclose some or all of the information we collect to these service providers but only in order to obtain credit for you. All of Approval Store’s service providers have entered into a contract with Approval Store that forbids them from using information provided by Approval Store for any purpose other than providing the service for Approval Store customers. Auto Loans in Canada takes security precautions to monitor the use of the information and prevent the use of the information for any other purpose.
- Information Sharing With Merchants – Approval Store does not share any information with unrelated merchants for the purpose of extending offers of goods and services without your consent.
- Information Sharing with Partners – Approval Store offers its products in conjunction with financial institutions and other businesses (collectively, Approval Store Partners). By completing a credit application with Approval Store for the purpose of locating a loan that meets your criteria, you agree to the sharing of information with that partner. These relationships are clearly stated in the application and by completing the application you agree to the information sharing by Approval Store and the partner which may include: your name, address, phone number, e-mail address, and personal financial information.
- Credit Reports and Other Uses of Information – In applying for credit, you agree that we may request consumer credit reports from one or more credit reporting agencies in connection with your application and the administration of such application. You also authorize us to exchange credit information concerning you or your use of the Account with (and answer questions and requests from) others, such as merchants, other lenders and credit reporting agencies.