Are you in need of a loan? Money Wise is one of the leading online lending companies. The company does its best to connect its clients to suitable lenders with affordable offers to prevent them from accumulating debt.
Money Wise is one of the most reliable lending platforms that strives to deliver excellence to its customers. Correspondingly, the transparency in the brand’s approach enhances people’s trust in the quality of its performance. The company works hand in hand with a network of verified lenders to ensure fast action. Not to mention, the brand delivers hard cash to its clients within 24 hours of the loan approval.
Undeniably, Money Wise has earned its high ratings and its customers’ trust by satisfying millions of customers with its customer-oriented policies. Nevertheless, like all other brands, Money Wise has its own privacy policies.
You can contact the brand for further information about navigating the website or utilizing its services. However, if you decline either of the two documents, it is best for you to leave the website.
Personally Identifiable Information (PII)
Some of the basic information that falls under the category of PII includes full name, residential address, contact information, email address, bank details, SSN, etc. Nevertheless, your SSN and account details are used solely to search for the most suitable services that fulfill your needs.
Non-Personally Identifiable Information
Apart from PII, the site also collects information like your IP address, the operating system, browser details, and geolocation. These are a few examples of data that is considered non-personally identifiable information (NPII). The site collects this data irrespective of whether you submit your PII. Moreover, NPII is also sent to third parties with which the company is bound in contract. However, you can request for them to stop using Your NPII.
Usage of Your PII
Also, the company uses your information to prevent you from falling prey to cybercrimes like fraud and scams. Not to mention, Your PII also helps the company come into contact with you.
Nevertheless, Your PII can only be saved and used if you give your consent by clicking on the box. The company can disclose your PII to legal or authorized authorities in certain situations where it is necessary. These include, but are not limited to, preventing a crime, compliance with legal procedures, protecting the belongings of the site’s owner, or for public and personal safety.
Also, the brand can disclose your basic PII (except highly sensitive information like account information, SSN, etc.) to third parties under contract with the company for technical expertise.
For marketing purposes, the company might share Your PII, other than confidential information like SSN and bank details, with third-party advertisers for marketing purposes. It can also be forwarded to third-party lenders who can offer you products that interest You. Nevertheless, if you do not want to receive marketing offers, you can unsubscribe and extract your PII from a third party.
The company can also use your NPII to keep track of Your behavioral activities, such as your internet browsing details. Hence, these third parties can offer you more customized offers that interest you.
Using PII for Verification
Apart from all other uses, third-party lenders also use your PII for verification purposes. The lenders may verify your ID through your SSN. Not to mention, many lenders require credit verification before they give their approval. Hence, they use your PII to obtain a credit report from credit bureaus to ensure the credibility of the information you have provided.
Requesting a credit report adversely affects your credit score. Therefore, when accepting the site’s policies, remember that you consent to verify your identity and credit details.
Agreeing to the site’s documentation, you explicitly consent the website’s owners to use your information for marketing and advertising. The fundamental modes of advertisements include telemarketing and emails. Therefore, the company may utilize your contact information to try to communicate with you on call. Not to mention, in compliance with the amended telemarketing sales rule, even if your number is on the do-not-contact registry, the site, and the third-party marketers and lenders can still use it to call you because of your freely given consent.
Collecting Non-personally Identifiable Information (NPII)
To make your online experience unique and customized for your needs and interests, the site collects non-personally identifiable information. NPII includes browsing history, geolocation, IP details, and geolocation. The site collects NPII through its cookies, browser analysis tools, and pixel tags.
Whenever a user clicks a website, the site’s server automatically assigns them small files, i.e., the site’s cookies. This assignment is a response to the various online activities. You perform on the website. These cookies collect data from your computer and forward them to the company. Besides collecting data about your online presence and preferences, cookies can also detect cyber threats and prevent security breaches.
Web Beacons and Pixel Tags
Web beacons and pixel tags are other features to personalize the user’s experiences. These monitor the session activity of users and allow the website to adjust its marketing according to the users’ needs.
Another feature that keeps a record of your NPII is log files. These contain information about your IP address, OS, browser, clicking history, exiting and referral pages, ISP, and the platform you use. These files help enhance the web experience of users.
Securing Your PII
Collection Information From Children
The website works in compliance with the Children’s Privacy Protection Act. Hence, it filters the PII to detect if the user is below the age of 18 and immediately deletes the information. The site does not voluntarily collect, save, and use the information provided by users below 18 years.