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By
explaining our privacy policy to you we trust that this
notice will allow you to better understand how we keep certain
information private and secure while using it to serve you
better. This notice is provided to you as required by the
Federal Privacy Law and refers to our policies and practices
effective on and after July1, 2001.
The notice explains the following:
- Protecting the Confidentiality and Security of Consumer
Information
- Who is Covered by the Privacy Policy; Revisions to the
Policy
- The Types of Information We Have About You and Where it
Comes From
- Sharing Information with Affiliated Companies
- Sharing Information for Legal, Business, and Joint Marketing
Purposes
PROTECTING CONFIDENTIALITY AND SECURITY OF CONSUMER INFORMATION
We take seriously our responsibility to respect the confidentiality
and security of nonpublic personal information - called
"Consumer Information" in this notice. Our policy
calls for safeguards to protect Consumer Information only
by those who need access to do their work. The same holds
true for our affiliated companies, which are companies that,
now or in the future , we own (or control), or are owned
(or controlled) by, or are under common ownership (or control)
with. We also may maintain, as required by applicable federal
regulations, physical, electronic, and procedural safeguards
to guard your nonpublic personal information.
WHO IS COVERED BY THE PRIVACY POLICY: REVISIONS TO THE
POLICY
Our privacy policy applies to individuals (and their legal
representatives) who are our consumers or customers in connection
with financial services primarily for personal, family,
or household purposes, such as leases, installment purchases
of vehicles and insurance. It covers both current and former
customers and treats them the same.
This notice also describes the privacy policy of our affiliated
companies, except as stated in separate notices they give
you. Consumers who transact financial services business
with us but who do not seek financial services from us are
not covered by our privacy policy or this notice. We reserve
the option of revising this notice and our privacy policy
from time to time, but we will give you notice of the revised
policy before disclosing Consumer Information about you
other than as described in this notice.
Information We Collect
We collect and use information about you from various sources.
The amount and nature of the information collected and used
varies from transaction to transaction, but the information
described in the following five types:
1. Information from you. Information you provide to us on
applications, other forms, and by other means, such as your
name, address, social security number, assets, income, and
debt;
2.
Information from our experience and our affiliated companies'
experiences. Information about your transactions and account
experience with us or our affiliated companies, such as
parties to transactions, contract or lease balances, payment
history, and communications and correspondence;
3.
Information from the experience of other parties. Information
from other outside sources regarding their employment, credit
or other relationships, account experience, or transactions
with you, or verifying representations made by you, such
as your employment history, credit balances, or your property
or liability insurance coverage.
4.
Information from credit reports. Information supplied by
consumer reporting agencies, such as information regarding
your creditworthiness or credit history.
5.
Other general information. Other general information we
obtain about you (such as demographic information) that
is not assembled for the purpose of determining your eligibility
for credit, insurance, employment or other products or services.
SHARING INFORMATION WITH AFFILIATED COMPANIES
We may disclose to our affiliated companies all of the information
we collect about you as described in each of the five categories
above. Our affiliated companies can be financial service
providers such as leasing companies, insurance companies
and payment processing companies and non-financial companies
such as automotive repair facilities and data processing
companies. This sharing permits us to give you superior
service, make a wider range of products available, and operate
our business more effectively. We do not share information
with nonaffiliated third parties, other than described below
under "Sharing Information for Legal and Routine Business
Reasons and for Joint Marketing." Where they apply,
we reserve limits and restrictions set by law as to sharing
certain kinds of information with our affiliates. For example,
unless you authorize the sharing, we do not disclosure credit
worthiness information about you from credit reports.
SHARING INFORMATION FOR LEGAL AND GENERAL BUSINESS REASONS
AND FOR JOINT MARKETING
We may disclose any of the above five types of Consumer
Information to credit bureaus and similar organizations,
and otherwise when permitted by law. For example, this may
include a disclosure in connection with a subpoena or similar
legal process, a fraud investigation, recording motor vehicle
registration and other documents in public records, an audit
or examination, or the sale of your account to another financial
institution. We may also share any of the above five types
of Consumer Information outside of our affiliated companies
if we have your consent, such as when you're requested to
be contacted by other companies we work with.
We may also share all five types of Consumer Information
above with companies that work for us, possibly including
some of our own affiliated companies, to perform services
for us or functions on our behalf. These companies may include
financial service providers such as banks, finance companies,
and non-financial companies such as automobile manufacturers
and data processing companies, and other organizations,
such as nonprofit organizations that might provide educational,
training, or certification services to businesses such as
ours. We may also share the five types of Consumer Information
above with companies that work for us to provide marketing
and other services of with financial institutions with whom
we have joint marketing agreements, such as banks or financing
divisions of motor vehicle manufacturers. These companies
act on our behalf and, within the time required by law,
will be required by law, will be required by our policy
to be contractually obligated to keep the information that
we provide to them confidential and to use the information
that we provide to them confidential and to use the information
only to provide the services we've asked them to perform
for us.
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