Effective Date: January 1, 2023
Last Updated: June 1, 2025
1. Introduction
Lending Team, Inc. ("we," "us," "our," or "Company") operates the LendingTeams.com website (the "Service"). This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you visit our website and use our lending services.
By using our Service, you consent to the collection and use of information in accordance with this Privacy Policy. If you do not agree with the terms of this Privacy Policy, please do not access or use the Service.
2. Information We Collect
2.1 Personal Information
We may collect personally identifiable information that you provide directly to us, including but not limited to:
- Identity Information: Full name, date of birth, Social Security number, driver’s license number
- Contact Information: Email address, phone number, mailing address
- Financial Information: Bank account details, credit card information, income information, employment details, credit history
- Loan Information: Loan application details, payment history, account balances
- Authentication Information: Username, password, security questions and answers
2.2 Automatically Collected Information
When you visit our website, we automatically collect certain information about your device and usage, including:
- Device Information: IP address, browser type and version, operating system
- Usage Data: Pages visited, time spent on pages, click-through rates, referral URLs
- Location Data: General geographic location based on IP address
- Cookies and Tracking Technologies: Information collected through cookies, web beacons, and similar technologies
2.3 Information from Third Parties
We may receive information about you from third parties, including:
- Credit Bureaus: Credit reports and scores for loan underwriting purposes
- Identity Verification Services: Information to verify your identity and prevent fraud
- Financial Institutions: Account verification and transaction history
- Marketing Partners: Information for marketing and promotional purposes (with appropriate consent)
3. How We Use Your Information
3.1 Primary Business Functions
- Loan Processing: Evaluate loan applications, make lending decisions, and service loans
- Identity Verification: Verify your identity and prevent fraud
- Account Management: Create and maintain your account, process payments
- Customer Service: Respond to inquiries, provide support, and resolve issues
3.2 Communication
- Service Communications: Send account statements, payment reminders, and service updates
- Marketing Communications: Send promotional materials and offers (with your consent)
- Legal Notices: Provide required legal notifications and policy updates
3.3 Business Operations
- Analytics: Analyze website usage and improve our services
- Compliance: Meet legal and regulatory requirements
- Risk Management: Assess and manage credit and operational risks
4. How We Share Your Information
4.1 Service Providers
We may share your information with third-party service providers who assist us in operating our business, including:
- Technology Providers: Cloud hosting, data processing, and software services
- Financial Services: Payment processing, banking, and lending partners
- Professional Services: Legal, accounting, and consulting services
- Marketing Services: Email marketing, advertising, and analytics providers
4.2 Legal Requirements
We may disclose your information when required by law or in response to:
- Legal Process: Subpoenas, court orders, or other legal proceedings
- Government Requests: Requests from law enforcement or regulatory agencies
- Compliance Obligations: Requirements under applicable financial regulations
4.3 Business Transfers
In the event of a merger, acquisition, or sale of assets, your information may be transferred to the acquiring entity.
4.4 Consent-Based Sharing
We may share your information with your explicit consent for specific purposes not covered in this policy.
5. Data Security
We implement appropriate technical and organizational security measures to protect your personal information against unauthorized access, alteration, disclosure, or destruction. These measures include:
- Encryption: Data encryption both in transit and at rest
- Access Controls: Restricted access to personal information on a need-to-know basis
- Security Monitoring: Regular monitoring for security threats and vulnerabilities
- Employee Training: Regular security awareness training for all employees
- Third-Party Security: Due diligence on the security practices of our service providers
Despite our security efforts, no method of transmission over the internet or electronic storage is 100% secure. We cannot guarantee absolute security of your information.
6. Data Retention
We retain your personal information for as long as necessary to fulfill the purposes outlined in this Privacy Policy, unless a longer retention period is required or permitted by law. Retention factors include:
- Legal Requirements: Compliance with applicable laws and regulations
- Business Needs: Ongoing business relationship and service provision
- Dispute Resolution: Potential legal claims or disputes
When we no longer need your personal information, we will securely delete or anonymize it.
7. Your Privacy Rights
Depending on your location, you may have rights regarding your personal information:
7.1 Access and Portability
- Request access to your personal information
- Request a copy of your personal information in a portable format
7.2 Correction and Update
- Request correction of inaccurate or incomplete information
- Update your account information at any time
7.3 Deletion
- Request deletion of your personal information (subject to legal and business requirements)
7.4 Restriction and Objection
- Request restriction of processing in certain circumstances
- Object to processing based on legitimate interests
7.5 Communication Preferences
- Opt out of marketing communications
- Manage your communication preferences
To exercise these rights, please contact us using the information provided below.
8. Cookies and Tracking Technologies
We use cookies and similar tracking technologies to enhance your experience on our website. You can manage your cookie preferences through your browser settings. Disabling certain cookies may affect the functionality of our Service. For more details, see our Cookie Policy.
9. Third-Party Links
Our Service may contain links to third-party websites or services. We are not responsible for the privacy practices of these third parties. Review the privacy policies of any third-party sites you visit.
10. Children’s Privacy
Our Service is not intended for individuals under 18. We do not knowingly collect personal information from children under 18. If we discover we have collected information from a child under 18, we will promptly delete it.
11. International Data Transfers
If you are outside the United States, your information may be transferred to, stored, and processed in the U.S. By using our Service, you consent to such transfers.
12. Changes to This Privacy Policy
We may update this Privacy Policy periodically. We will post any changes on this page and update the "Last Updated" date. Continued use of the Service after changes constitutes acceptance of the updated policy.
13. State-Specific Privacy Rights
13.1 California Residents
If you are a California resident, you may have additional rights under the California Consumer Privacy Act (CCPA) and California Privacy Rights Act (CPRA), including:
- Right to know what personal information we collect and how we use it
- Right to delete personal information
- Right to correct inaccurate personal information
- Right to opt out of the sale or sharing of personal information
- Right to limit use of sensitive personal information
- Right to non-discrimination for exercising privacy rights
13.2 Other State Laws
Residents of other states may have additional privacy rights under their state laws. Please contact us for more information.
14. Contact Us
If you have questions about this Privacy Policy or our practices, contact us:
Lending Team, Inc.Email: robert@lendingteams.com
Phone: 267-415-3900
Address:
95 Almshouse Road, Unit 307
Richboro, PA 18954
Data Protection Officer: dpo@lendingteams.com
