This policy discloses which information we collect and how we use it, as well as the choices you can make about the way your information is collected and used. We also explain how any personal and/or personally identifiable information that we may request will be used. These explanations can usually be found on the same pages where the information is requested. We also detail below our security policy which describes how your personal information is protected both electronically and physically. In general, and as described in detail below, we collect several types of information from you.
Personal Information Required to Verify Your Identity
Personal and financial information necessary to assess your eligibility to borrow money through MAS EFECTIVO, INC. or one of its marketing partners.
Optional personal information you may wish to share in the furtherance of your goals in using our site.
Information about your visits to and use of this website or the websites of third-party servicers to help us maintain the appropriate features, functionality and user experience.
Information We Collect From You and About You
We collect personal and financial information from you, and most of this collection occurs during the loan application process. Some information is required, some is optional and some will remain private. We always let you know which is which. Additional information may be gathered subsequent to the application process.
Certain personal information must be supplied during the application process, as indicated below, in order to: (a) determine borrowers’ eligibility for loans through our proprietary credit scoring process; (b) verify borrowers’ identities; (c) establish borrowers’ ability to request loans and to invest by verifying that they are at least eighteen (18) years of age; and (d) guard against potential fraud. This basic personal information includes:
Your date of birth
Your email address
Your home address and telephone number
Your Social Security Number
When you apply to be a borrower, we will use this information to pull a credit report from a credit bureau to determine your creditworthiness. We will also use your required and optional information to facilitate activities and transactions that need to occur during the lending process, such as:
Generating public borrower profiles.
Assigning you a borrower credit grade based on your credit history and financial circumstances.
Enabling our financial services partners to implement automatic payments and fund transfers.
Contacting you if there is a problem completing a transaction you requested or to discuss a problem with your account.
Implementing collection activities as needed.
Maintaining regular communications with you concerning transactions you initiate, such as requesting information or assistance, submitting a loan request, making payments, transferring funds, etcetera.
Finally, we (and/or our service providers) may collect information about your computer and your visits to our website, such as your IP address, geographical location, browser type, referral source, length of visit and page views through the use of log files. We (and/or our service providers) use this aggregated information in the administration of our website to improve its usability and to evaluate the success of particular marketing/advertising campaigns, search engine optimization strategies and other marketing activities. We (and/or our service providers) use non-identifying and aggregated information to help optimize our website based on the needs of our users.
We will retain your information for as long as your account is active or as needed to provide you services. We will retain and use your information as necessary to comply with our legal obligations, resolve disputes and enforce our agreements.
MAS EFECTIVO, INC. may, with your consent, share required and optional information about you. We may share your information with law enforcement or other government agencies as required by law or for the purposes of limiting fraud. We reserve the right to disclose your personal information when we believe that disclosure is necessary to protect our rights and/or to comply with a judicial proceeding, court order or legal process served on us.
MAS EFECTIVO, INC. works with a number of trusted partners that perform vital functions as part of our operations, including credit bureaus, collection agencies, electronic payment service providers and customer support call centers. Information is shared with these third parties only to the extent necessary for us to process the transactions you initiate or perform other specific services, like collections. Our partners are legally required to keep your information private and secure.
Compliance with State and Federal Laws
We store all sensitive financial data such as social security numbers and bank accounts in a secure environment. We use computer safeguards and secured files and buildings. And we restrict access to non-public personal information about our customers to those employees or subcontractors who need to know that information to provide services to you.
We May Make Changes to This Policy
This policy may be updated from time to time as such needs dictate, and we will always communicate these changes to you.
You may contact us at:
MAS EFECTIVO, INC.
1761 W Hillsboro Blvd. Suite 329 Deerfield Beach, FL 33442
Deerfiled Beach, FL 33442
Attention: Compliance Department
If MAS EFECTIVO, INC. is involved in a merger, acquisition or sale of all or a portion of its assets, you will be notified of any change in ownership or uses of your personal information, as well as any choices you may have regarding your personal information.