SecondChanceDeals
Privacy Policy
SecondChanceDeals understands that privacy concerns are of utmost importance when it comes to the use of your personal information. Because we would like to assure you that we are committed to protecting your personal privacy, SecondChanceDeals has created this privacy statement. We collect the information necessary to respond to your requests for our financial products and services, and the following discloses our information gathering and dissemination practices for this website: Our site's qualification form may require users to give us information such as your name, address, phone number, e-mail address, social security number, employment, income, credit history and other financial information. This information gathering procedure allows SecondChanceDeals to find you a lender that best meets your borrowing needs and is forwarded to the dealer/lender. We may use your customer contact information that you provided from the qualification form to send you additional information about our company and other promotional materials and programs from some of our partners. The customer's contact information is also used by us and a designated dealer/lender to contact you when necessary. You may opt-out of receiving future mailings; see the opt-out section below. This site contains links to other sites. SecondChanceDeals is not responsible for the privacy practices or the content of such websites.
Information We Collect
In order to ensure that consumers get the very best service,
SecondChanceDeals collects demographic information, web pages visited and
other consumer-volunteered information from sources such as forms,
survey information and/or site registrations. SecondChanceDeals also collects
information from auto loan applications including name, zip code, phone
number, e-mail address and certain finance and credit-related
information. Gathering this information helps SecondChanceDeals to identify
our customers and manage our customer relationships. It also assists
SecondChanceDeals in the development or referral of products and services
that we believe will meet the continuing needs of our customers.
Collected information is also used to improve the content of our Web
site, customize the content and/or layout of our Web site for
individual users, and members of our auto dealer network to contact you
for follow-up information to their auto loan application and/or for
marketing purposes. Auto loan information is used to route requests to
our auto dealer network, fulfillment and marketing partners and to
contact consumers. By submitting an application, you agree that a
member of our auto dealer network can contact you by phone at the
numbers you've provided to discuss your application.
Additionally, you further authorize SecondChanceDeals's third party lending
institutions to forward information in my application, and any other
credit information they obtain, with other third parties who may be
able to offer or arrange for a direct loan and/or dealer financing.
Who Owns the Auto Loan Application Data?
Once it is received in our database, auto loan information, including
your name, e-mail address, home address and financial/credit status
information becomes the property of SecondChanceDeals. This information is
passed on to our dealers, fulfillment and marketing partners and
affiliates for completion of the loan. Once one of these entities
receives this information, it becomes the subject to their respective
privacy policy, in addition to SecondChanceDeals's. Our accredited dealers
and/or lenders use this information to process your purchase request
and provide valuable services. Any request to opt out of future dealer
communications must be made directly to the dealer.
Personalization
SecondChanceDeals offers its users the advantage of personalization on our
Web site by using cookies. Web site personalization provides our
customers with a more convenient online experience and is at no given
time used to track information or retrieve data from your hard drive.
Cookies
Cookies are pieces of information that a web
server may transfer to your computer through your web browser. When
this information is stored on your computer, our system is able to
recognize your browser and in turn customize web page content for you.
We will not use any cookies to retrieve data from your hard drive or
obtain sensitive information about you. When a cookie is set, your
browser will check it for length, an expiration date, and where it
originated. Only SecondChanceDeals can access the cookies that we set. You
can decide if and how your computer will accept a cookie by configuring
your preferences or options in your browser. However, if you choose to
reject cookies, you may not be able to use certain of our online
services or website features.
Tracking Pixels
SecondChanceDeals uses clear GIF Tracking pixels to track user movement
through the site for aggregated site traffic metrics. In addition, some
SecondChanceDeals affiliates set tracking pixels on our web pages to track
completed auto loan requests referred by their websites.
Information We Share With Others
If you provide us with your name and mailing address, we may decide to
make it available to other companies that wish to tell you about their
products. (See below if you prefer that we not share this information).
We may segment the information into groups of customers who have bought
similar amounts and types of products, but we will never provide
details that are specific to a single customer or household. Of course,
if there is any information that we are legally required to provide to
government agencies, credit reporting agencies or to prevent fraud, we
will comply with our legal obligations. Occasionally, when SecondChanceDeals
does not have a partner dealership available in a specific area to
assist our consumers, we may forward your request for information to
another reputable auto loan network. In such a case, you will become
subject to the security and privacy policies that are posted on the
associated website and if you wish to do so, you will have to opt out
of disclosure through the associated website.
Viewing pages at SecondChanceDeals
If you browse through our Web site without entering any personal data,
we will gather and store certain information about your visit. This
information does not identify you personally and cannot be linked back
to you unless you decide at some point to identify yourself. If you are
only browsing, we collect the following information: IP address, the
type of browser and operating system used to access our site, the date
and time you access our site, the pages you visit (click-through), and
if you linked to our Web site from another Web site, the address of
that Web site.
Security
SecondChanceDeals understands the importance of security for our consumers.
When applicable, we use the latest SSL (Secure Socket Layer) encryption
technology to protect sensitive personal or financial information
during transmission. This allows your personal information to be
submitted in a secure environment while reaching the intended parties.
An SSL-capable web browser is needed to support this encryption
technology. Netscape Navigator 4.6 or higher or Microsoft's Internet
Explorer 4.01 or higher will support SSL technology. To verify that you
are on a secure web page in Netscape Navigator, right-click while your
cursor is on the form (not the border) and select "view Frame
information" in Netscape Navigator. To view security certificates in
Internet Explorer, click Internet Options on the View menu in the
browser and then the Content tab. In the Certificates area, click the
Personal, Sites, and Publishers buttons to view the current
certificates.
We Do Not Intend To Collect Data From Children
The information and services provided by SecondChanceDeals, our affiliates,
sponsors, and advertisers are not intended to be viewed by children
(under 18 years old). No information collected from children is
knowingly used for any marketing or promotional purposes whatsoever,
either inside or outside SecondChanceDeals.
Application
Buy submitting your application, you certify that all of the statements
in this application are true and complete and are made for the purpose
of obtaining credit. You authorize SecondChanceDeals to share your
application and related information with its lending partners in order
to complete the processing of this application. You authorize SecondChanceDeals
and its lending partners to retain and rely on your
application and to access your credit report in order to evaluate your
credit application. In addition, you acknowledge that you have read the
state specific notices related to your application and agree to receive
Electronic Documents. You further authorize SecondChanceDeals's third
party lending institutions to share information in your application,
and any other credit information they obtain, with other third parties
who may be able to offer or arrange for a direct loan and/or dealer
financing.
For Vermont Applicants
Vermont has adopted new consumer privacy regulations that may require
financial institutions to obtain your consent prior to sharing
nonpublic personal information about you with non-affiliated companies.
If you are a resident of Vermont, we will not share nonpublic personal
information we collect about you, your account or your transactions
without your consent except as otherwise permitted by law.
For Maine Applicants
You have the right of free choice in the selection of the agent and
insurer through or by which insurance in connection with a loan is to
be placed. Obtaining insurance products from a particular agent or
broker does not affect credit decisions by the lender.
For New York Applicants
A consumer report may be requested in connection with your application.
Upon your request, we will tell you whether or not the consumer report
was requested and give you the name and address of the consumer
reporting agency that furnished the report.
For Ohio Applicants
The Ohio laws against
discrimination require that all creditors make credit equally available
to all creditworthy customers and that credit reporting agencies
maintain separate credit histories on each individual upon request. The
Ohio Civil Rights Commission administers compliance with this law.
For Wisconsin Applicants
Wisconsin law provides
that no provision of a marital property agreement, a unilateral
statement under the marital property law, or a court decree, will
adversely affect a creditor’s interests unless the creditor, prior to
the time the credit is granted, is furnished with a copy of the
agreement, statement or decree or has actual knowledge of the adverse
provision. If you are making this application individually and not
jointly with your spouse, you understand that Wisconsin law requires
that your spouse be given notice of this credit obligation.
For Delaware Applicants
Notification - Every
licensee shall furnish to every applicant, a copy of this regulation at
the time when such application is made. Posting of this regulation in
the office of the licensee in a place both prominent and easily visible
to all potential applicants shall satisfy this requirement. An
explanation as to the contents and limitations contained herein shall
satisfy this requirement when transactions occur telephonically. An
informational screen containing these limitations with an affirmative
acknowledgement by the consumer, prior to application, shall satisfy
this requirement for internet transactions.
Interest
(a) A lender may charge and collect interest
in respect to a revolving credit plan or closed-end loan at such a
daily, weekly monthly, annual, or other periodic percentage rate or
rates as the agreement governing the plan or loan provides, or as
established in the manner provided in such agreement. Periodic interest
may be calculated on a revolving credit plan using any balance
computation method provided for in the agreement governing the plan.
Periodic interest may be calculated on a closed-end loan by way of
simple interest or such other method as the agreement governing the
loan provides.
(b) If the agreement governing the revolving credit plan or
closed-end loan so provides, the periodic percentage rate or rates of
interest may vary in accordance with a schedule or formula. Such
periodic percentage rate or rates may vary from time to time as the
rate determined in accordance with such schedule or formula varies and
such periodic percentage rate or rates, as so varied, may be made
applicable to all or any part of the outstanding unpaid indebtedness or
outstanding unpaid amounts. In the case of revolving credit, such rate
shall become applicable on or after the first day of the billing cycle
that contains the effective date of such variation. In the case of
closed-end loan transactions, such rate may be made applicable to all
or any part of the outstanding unpaid amounts on and after the
effective date of such variation. Without limitation, a permissible
schedule or formula hereunder may include provisions in the agreement
governing the revolving credit plan or closed-end loan agreement for a
change in the periodic percentage rate or rates of interest applicable
to all or any part of outstanding unpaid indebtedness or outstanding
unpaid amounts, whether by variation of the then applicable periodic
percentage rate or rates of interest, variation of an index or margin
or otherwise, contingent upon the happening of any event or
circumstance specified in the plan or agreement, which event or
circumstance may include the failure of the borrower to perform in
accordance with the terms of the revolving credit plan or loan
agreement.
Additional Fees and Charges; Limitations - If the agreement
governing the plan or loan so provides, in addition to, or in lieu of,
interest at a periodic percentage rate or rates permitted by Chapter
22, Title 5 of the Delaware Code, the licensee may charge and collect
the following fees and charges, subject to the limitations provided
below, in respect to revolving credit plans or closed-end loans:
(a) Revolving Credit - with respect to a borrower, a lender may
charge, collect, or receive one or more of the following fees and
charges under plans subject to the provisions of Subchapter II, Chapter
22, Title 5 of the Delaware Code:
(i) periodic charges - a daily, weekly, monthly, annual or other
periodic charge, in such amount or amounts as the agreement may provide
for the privileges made available to the borrower under the plan;
(ii) transaction charges - a transaction charge or charges in such
amount or amounts as the agreement may provide for each separate
purchase or loan under the plan;
(iii) minimum charges - a minimum charge, in such amount or
amounts as the agreement may provide for each daily, weekly, monthly,
annual or other scheduled billing period under the plan during any
portion of which there is an outstanding unpaid indebtedness under the
plan;
(iv) fees for services rendered or reimbursement of expenses -
reasonable fees for services rendered or for reimbursement of expenses
incurred in good faith by the licensee or its agent in connection with
such loan, including without limitation, commitment fees, official fees
and taxes, premiums or other charges for any guarantee or insurance
protecting the licensee against the borrower's default or other credit
loss, or costs incurred by reason of examination of title, inspection,
recording and other formal acts necessary or appropriate to the
security of the loan, filing fees, attorney's fees, and travel
expenses. In the event a borrower defaults under the terms of a plan,
the licensee may, if the borrower's account is referred to an attorney
(not a regularly salaried employee of the licensee) or to a third party
for collection and if the agreement governing the revolving credit plan
so provides, charge and collect from the borrower a reasonable
attorney's fee. In addition, following a borrower's default, the
licensee may, if the agreement governing the plan so provides, recover
from the borrower all court, alternative dispute resolution or other
collection costs (including, without limitation, fees and charges of
collection agencies) actually incurred by the licensee;
(v) overlimit charges - a charge in such amount or amounts as the
agreement may provide, for each daily, weekly, monthly, annual or other
scheduled billing period under the plan during any portion of which
total outstanding indebtedness exceeds the credit limit established
under the plan;
(vi) delinquency charges - a late or delinquency charge upon any
outstanding unpaid installment payments or portions thereof under the
plan which are in default; provided, however, that no more than 1 such
late or delinquency charge may be imposed in respect of any single such
installment payment or portion thereof regardless of the period during
which it remains in default; and provided further, however, that for
the purpose only of the preceding provision all payments by the
borrower shall be deemed to be applied to satisfaction of installment
payments in the order in which they become due.
(vii) returned check charges - a returned check charge may be
assessed to consumers, in such amount or amounts as the agreement may
provide, provided the amount(s) of such charges are customary and
reasonable for checks that are returned unpaid.
(viii) termination fees - a charge in such amount or amounts as the agreement may provide to terminate revolving credit plan.
(ix) charges incurred in connection with real estate secured
transactions - in the case of revolving credit secured by real estate
such additional charges as outlined in item (3)(c) of this regulation
may also be collected within the limitations stated therein.
(b) Closed-end Credit - with respect to a borrower, a lender may
charge, collect, or receive one or more of the following fees for loans
subject to the provisions of Subchapter III, Chapter 22, Title 5 of the
Delaware Code:
(i) fees for services rendered or reimbursement of expenses -
reasonable fees for services rendered or for reimbursement of expenses
incurred in good faith by the licensee or its agent in connection with
such loan, including without limitation, commitment fees, official fees
and taxes, premiums or other charges for any guarantee or insurance
protecting the licensee against the borrowers default or other credit
loss, or costs incurred by reason of examination of title, inspection,
recording and other formal acts necessary or appropriate to the
security of the loan, filing fees, attorney's fees, and travel
expenses. In the event a borrower defaults under the terms of the loan,
the licensee may, if the borrower's account is referred to an attorney
(not a regularly salaried employee of the licensee) or to a third party
for collection and if the agreement governing, or the bond, note or
other evidence of, the loan so provides, charge and collect from the
borrower a reasonable attorney's fees. In addition, following a
borrower's default, the licensee may, if the agreement governing, or
the bond, note or other evidence of, the loan so provides, recover from
the borrower all court, alternative dispute resolution or other
collection costs (including, without limitation, fees and charges of
collection agencies) actually incurred by the licensee;
(ii) deferral charges - a deferral charge may be assessed to a
borrower in accordance with an agreement to permit the borrower to
defer installment payments of a loan;
(iii) delinquency charges - if the agreement governing the loan so
provides, a late or delinquency charge may be imposed upon any
outstanding unpaid installment payment or portions thereof under the
loan agreement which are in default; provided, however, that no more
than 1 such delinquency charge may be imposed in respect of any single
such installment payment or portion thereof regardless of the period
during which it remains in default; and provided further that no such
delinquency charge may exceed 5% of the amount of any such installment
or portion thereof in default;
(iv) returned check charge - if the agreement governing the loan
so provides, a returned check charge may be assessed to consumers for
checks that are returned unpaid provided the amount(s) of such charges
are customary and reasonable.
(v) charges incurred in connection with real estate secured
transactions - in the case of closed end credit secured by real estate
such additional charges as outlined in item (3)(c) of this regulation
may also be collected within the limitations stated therein.
(c) Real Estate Secured Transactions - with respect to a borrower,
a lender may charge, collect, or receive one or more of the following
fees and charges subject to the limitations herein, for loans subject
to the provisions of Subchapters II (Revolving Credit) and III
(Closed-End Credit), Chapter 22, Title 5 of the Delaware Code when such
loans are secured by real estate:
(i) loan origination points - points charged to the borrower on
the lender's behalf for any purpose other than to reduce the periodic
interest rate applicable to the mortgage loan may not exceed 10% of the
principal amount of the loan. Such points may be deducted from the
gross proceeds of the loan. For purposes of this regulation "gross
proceeds" is the amount financed as defined in Federal Reserve
Regulation Z;
(ii) loan discount points - points charged to the borrower as a
function of rate for the purpose of reducing the periodic interest rate
applicable to the mortgage loan. Such points may be deducted from the
gross proceeds of the loan;
(iii) property appraisal fees - property appraisal fees shall be
limited to the amount paid to a third party for such appraisal and
shall be limited to those amounts that are customary and reasonable;
(iv) credit report fees - credit report fees shall be limited to
the actual cost of the report if paid to a third party, not an employee
of the lender or affiliate. Such amounts shall be customary and
reasonable;
(v) mortgage loan broker compensation fees - mortgage loan broker
compensation may be deducted from the gross proceeds of the loan. Such
amounts shall reasonably reflect the value of the goods, services and
facilities provided;
(vi) tax certification and service fees - fees for agreements to
provide certification of the current tax status of the property as well
as fees for ongoing monitoring and notice to the lender of all tax and
improvement lien payments as they become due shall be limited to those
amounts actually expended for such purposes. Such amounts shall be
customary and reasonable;
(vii) flood hazard certification or determination fees -
determination fees may be charged for determining whether the property
is or will be located in a special flood hazard area. This fee may also
include the cost of life-of-loan monitoring. Such amounts shall be
customary and reasonable;
(viii) title abstract/search/examination and title insurance
premiums - title insurance and/or cost of a title certificate search,
examination and binder shall be limited to those amounts actually
expended for such purposes. Such amounts shall be customary and
reasonable and may, at the borrower's discretion, include owner's
coverage in addition to lender's coverage;
(ix) legal fees - legal fees incurred in securing or closing a
loan shall be limited to amounts actually paid to an attorney not in
the employ of the lender, its parent, or affiliate, and such charges
shall not exceed those which are customary and reasonable;
(x) recording/satisfaction fees - recording/satisfaction fees
shall be limited to those actually expended by the lender to any
governmental authority for protection of interest in collateral
tendered. The State Bank Commissioner may approve the payment of
alternative fees for this purpose provided the amount of said fee
(payable by the borrower) shall not exceed the amount which would be
payable to any governmental authority for protection of interest in
collateral tendered;
(xi) property survey fees - property survey fees to obtain a
drawing that delineates the exact boundaries of a property, including
lot lines and placement of improvements on the property, shall be
limited to those amounts actually expended for such purposes. Such
amounts shall be customary and reasonable;
(xii) pest inspection fees - pest inspection fees to cover
inspections for terminates or other pest infestation on the property
shall be limited to those amounts actually expended for such purposes.
Such amounts shall be customary and reasonable;
(xiii) fees incidental to loan closing - other fees and charges
including but not limited to: odd days interest, hazard and mortgage
insurance premiums, escrow reserves, lender's inspection fees, mortgage
insurance application fees, assumption fees, underwriting fees,
document preparation fees, settlement or closing fees, notary fees,
funding fees, fees for lead based paint or other inspections and
overnight mail fees may be charged and such amounts shall be customary
and reasonable;
(xiv) prepayment penalties - a charge in such amount or amounts as
the agreement so provides imposed in connection with the payoff and
termination of a revolving credit plan or closed end loan secured by
real estate;
(xv) notwithstanding the provisions of this item (3)(c) of this
regulation, Licensed Lenders who are making mortgage loans pursuant to
the rules, regulations, guidelines and/or loan forms established by the
State of Delaware or federal governmental or quasi-governmental entity
(including, without limitation, the Federal Housing Administration, the
Government National Mortgage Association, the Federal National Mortgage
Association and the Federal Home Loan Mortgage Corporation) shall be
permitted to charge and collect any fees, charges or sums prescribed to
be charged and collected in connection with a mortgage loan originated
pursuant to a lending program conducted or supervised by any such
entity.
How to Request that Your Information Not Be Shared
Many customers appreciate receiving information and offers about
products and services that may be of interest and value to them.
However, at SecondChanceDeals, we recognize that it's your choice. If you
prefer that we not disclose any nonpublic personal information about
you to any nonaffiliated third parties, you may opt out of those
disclosures, that is, you may direct us not to make those disclosures
(other than disclosures permitted by law). It generally takes up to
thirty (30) days before your request becomes effective. If you do not
want us to share any information that you have provided to us or that
we have gathered, please let us know by e-mailing us through the link
below.
Other Companies' Policies May Differ
Except as otherwise expressly included in this Privacy Policy, this
document only addresses the use and disclosure of information we
collect from you. If you disclose your information to dealers or other
parties that you are placed in contact with through our site or other
sites throughout the Internet, different privacy policies may apply to
their use or disclosure of the information you disclose to them. Since
SecondChanceDeals does not control the privacy policies of third parties, you
are subject to the privacy policies of that third party and we
encourage you to read their privacy policies or ask questions before
you disclose your personal information to others.
Your Acceptance of These Terms
By using this site and providing us with your information, you agree to
the SecondChanceDeals Privacy Policy. If you do not agree to this policy,
please do not use our site. We reserve the right, at our discretion, to
change, modify, add, or remove portions of this policy at any time.
Please check this page frequently for changes. Your continued use of
the SecondChanceDeals site means you accept those changes. You can e-mail us
with any further questions you may have.
Thank you for visiting SecondChanceDeals!
This Privacy Policy Last Modified May 10th, 2009