Types of Information We Collect
Cool Loans is a provider of long and short terms loans for personal or business purposes. We collect Personal Information for purposes associated with the products and services that we offer. In particular, Personal Information is collected and used in order to assess and evaluate credit applications, offer and administer our products and services, and collect amounts owed to us.
Personal Information that we collect may include:
- your name
- your gender
- your contact information, such as your address, telephone number and email address
- information to help establish your identity, such as your date of birth and personal identification
- information regarding your employment, such as the identity of and contact information for your employer, your position, your compensation and your pay period
- your bank account information, routing numbers and other information required to process payments
- your credit history and credit rating
- your preferences
- other browsing data
- any other Personal Information that you voluntarily choose to provide to us
We may collect Personal Information directly from you, from third parties such as your employer, credit reporting agencies and information service providers, from your social media accounts (such as Facebook, Instagram or other services) and from publicly available records.
How We Use and Disclose Personal Information
Cool Loans may use and disclose Personal Information for the following purposes:
Establishing your identity
Determining your eligibility for our products and services
Assessing your credit
Providing our products and services to you
Advancing funds to you
Reporting to credit agencies
Ensuring that we promote safe and responsible borrowing
Complying with legal and regulatory requirements
As necessary for insurance and security requirements
To detect and prevent fraud, money laundering or other illegal activities
To keep your information and preferences accurate
For marketing our products and services to you by email or other means, if you have subscribed to one of our mailing lists
Any other purpose which is permitted or required by applicable law
We may also disclose your Personal Information for any other purpose to which you consent. Cool Loans does not sell any of your Personal Information.
Personal Information may be subject to transfer to another organization in the event of corporate transaction, such as a merger or change of ownership. This will occur only if the parties have entered into an agreement under which the collection, use and disclosure of the information is restricted to those purposes that relate to the business transaction, including determining whether or not to proceed with the business transaction, and is used by the parties to carry out and complete the business transaction.
Limiting Collection, Use, Disclosure and Retention of Personal Information
Our Website and Cookies
In general, you can view our website without providing us with your Personal Information. If you are one of our anonymous visitors, please bear in mind that we may still record certain analytical information as described below.
Consent may be given in different ways, such as by signing a loan application form, agreeing through electronic means, consenting verbally, or by voluntarily providing Personal Information to us.
You have the right to revoke your consent to the collection, use and disclosure of your Personal Information at any time. However, if you revoke your consent this may prevent us from providing products and services to you. In these circumstances, we may continue to use your Personal Information to the extent that you may owe any amounts to us.
Storage and Security of Personal Information
Cool Loans is committed to protecting Personal Information against loss, theft, unauthorized access, disclosure, duplication, use and modification. Cool Loans will take steps to maintain physical, procedural and technical security for Personal Information in accordance with industry standards.
Accuracy and Access
Cool Loans attempts to ensure that all Personal Information provided and in its possession is as accurate, current and complete as necessary for the purposes for which we use that information.
You have a right to request access to your Personal Information and a correction to it if you believe it is inaccurate. In the event that you believe that your Personal Information is not accurate or you wish access to your Personal Information, you may make a request using the contact information provided below.
Cool Loans is a subsidiary of the Cool Group of Companies, headquartered in Jamaica. We are located, in the city of Ocho Rios, Jamaica.
Do you have any questions or concerns regarding this Policy?
Contact us! We are here to serve you. Call us at 876-618-4552 or email us at email@example.com