PRIVACY POLICY

REV: SEPTEMBER 2016

What does Spotloan do with your personal information?

WHY?

Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.

WHAT?

The types of personal information we collect and share depend on the product or service you have with us. This information can include:

  • Social Security number and checking account information
  • Transaction history and income
  • Credit history and account balances

HOW?

All financial companies need to share customers' personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers' personal information; the reasons Spotloan chooses to share; and whether you can limit this sharing.

Reasons we can
share your
personal
information

For our everyday business purposes

such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus

Does Spotloan share? Yes
Can you limit this sharing? No

For our marketing purposes

to offer our products and services to you

Does Spotloan share? Yes
Can you limit this sharing? No

For joint marketing with other financial companies

Does Spotloan share? Yes
Can you limit this sharing? No

For our affiliates’ everyday business purposes

information about your transactions and experiences

Does Spotloan share? No
Can you limit this sharing? No

For our affiliates’ everyday business purposes

information about your creditworthiness

Does Spotloan share? No
Can you limit this sharing? Yes

For our affiliates to market to you

Does Spotloan share? No
Can you limit this sharing? Yes

For nonaffiliates to market to you

Does Spotloan share? Yes
Can you limit this sharing? Yes

To limit our sharing

Please note:

If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing.

We offer customers the opportunity to 'opt-out' of having their personal information shared with certain third parties who may wish to market their products and services to them. If you do not wish to receive such marketing material you can indicate this by emailing us at unsubscribe@spotloan.com.

Questions?

How does Spotloan protect my personal information?

To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.

How does Spotloan collect my personal information?

We collect your personal information, for example, when you

  • Apply for a loan
  • Provide account information or give us your contact information
  • Give us your income information

We also collect your personal information from others, such as credit bureaus, affiliates, and/or other companies.

Why can’t I limit all sharing?

Federal law gives you the right to limit only

  • Sharing for affiliates' everyday business purposes – information about your creditworthiness
  • Affiliates from using your information to market you
  • Sharing for nonaffiliates to market you

State laws and individual companies may give you additional rights to limit sharing.

What happens when I limit sharing for an account I hold jointly with someone else?

Your choices will apply to everyone on your account.

Definitions

Affiliates

Companies related by common ownership or control. They can be financial and nonfinancial companies.

BlueChip Financial does not have any affiliates.

Nonaffiliates

Companies not related by common ownership or control. They can be financial and nonfinancial companies.

Nonaffiliates we share with can include lenders; banks; and marketing, collections, and other loan-related service providers.

Joint Marketing

A formal agreement between nonaffiliated financial companies that together market financial products or services to you.

Our joint marketing partners can include lenders; banks; and other loan-related service providers.

SpotloanSM is a brand owned by BlueChip Financial, a tribally-owned entity organized under and governed by the laws of the Turtle Mountain Band of Chippewa Indians of North Dakota, a federally recognized Indian Tribe. BlueChip is located on and operates within the Tribe’s reservation.

LEARN MORE

Please note: This is an expensive form of credit and is intended only for short-term financial needs. Spotloans are designed to help you deal with emergencies such as rent, medical bills, car repairs, or expenses related to your job. Spotloans are not intended to solve longer-term credit or other financial needs, and alternative forms of credit may be better for you, including borrowing from a friend or relative; using a credit card cash advance; taking out a personal loan; or using a home equity loan or savings. Contact one of our relationship managers to discuss if a Spotloan is right for you.