Acorn.finance and Acorn.mortgage are trading styles of Acorn Finance which is a Commercial Finance Broker based in London. We act as an broker for our customers. Acorn.finance are Authorised and Regulated by the Financial Conduct Authority. FRN 660206
Here at Acorn Finance we take your privacy seriously and will use your personal information in several ways which will help us;
- make lender decisions,
- for fraud prevention,
- for audit,
- for statistical analysis,
- credit reference checks
We may share your information with, and obtain information about you from, credit reference agencies or fraud prevention agencies. If you apply to us for insurance we will pass your details to the insurer. Information you provided may be put onto a register of claims and shared with other insurers to prevent fraudulent claims.
We will not disclose your information to any company outside of Acorn.finance & service providers connected to your application except to help prevent fraud 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 [email protected]
However, from time to time we would like to contact you with detail of other services we provide. You may retract this permission at any time.
Your Personal Data:
Acorn.finance 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.
- Name, address, email, dependents, financial status.
We need to know your basic personal data to provide you with an accurate recommendation for your personal circumstances. We will not collect any personal data from you we do not need to provide and oversee this service to you.
For processing of data to be lawful under GDPR Acorn.finance use;
- Consent: You, the individual provides clear consent for you to process their personal data for a specific purpose.
- Contract: the processing is necessary for a contract we have with you, the individual, or because you have asked us 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).
Automated Decision Making: Acorn Finance will pass your data captured to product providers who may use automated decision-making in respect of your application for finance. We will only collect the minimum amount of data needed and have a clear retention policy for the profiles we create.
You have the right not to be subject to a decision based solely on automated processing, including profiling, which produces legal effects concerning you or any significant affects. You can request human intervention and challenge a decision made this way by contacting Paul Thompson.
All the personal data we use is controlled by Acorn Finance in the UK, however, for the purposes of IT hosting and maintenance, this information is located on servers within the European Union. 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. More information on this framework can be found on our website.
We may pass your data to partner organisations and product providers 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 European Union.
We are required under regulation to keep your basic personal data, such as name, address, contact details financial information for a minimum of 6 years, 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.
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 Data Protection Officer who will investigate the matter.
Where relevant, you have the right to withdraw consent and object at any time and this means that we cannot process your data provided without your consent.
More information about your rights can be found on the Information Commissioners website. https://ico.org.uk/
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 Data Protection Officer is Paul Thompson and you can contact them at [email protected]
We will share your details with the Lender or other product provider, so that they process your information, allowing Acorn.finance to offer suitable and sustainable products that they provide.