Effective Date: 19 January 2018
Prodigy Finance Limited of Palladium House, 1-4 Argyll Street, London, W1F 7LD, United Kingdom (Company No. 5912562) (“Prodigy Finance” or “we” or “us”) is committed to protecting and respecting your privacy. Our United Kingdom Data Protection registration number is Z9851854.
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You also consent in particular to:
Prodigy Finance may collect and process the following information about you (together “Personal Information”) through your use of the Site or Services:
You must notify us by emailing email@example.com within thirty days of any change in your name, physical address, telephone number, email address, or any other information that is necessary for us to provide Services to you.
You must also immediately notify us by emailing firstname.lastname@example.org of your withdrawal or dismissal from your university or school.
A “cookie” is information that a website stores on your machine so that it can remember something about you at a later time. Cookies are commonly used on the Internet and do not harm your system. Most Internet browsers are initially set up to accept cookies, but if desired you can choose to not accept some cookies through your browser settings.
Strictly necessary cookies. These are cookies that are required for the operation of our website. They include, for example, cookies that enable you to log into secure areas of our website.
Analytical/performance cookies. They allow us to recognise and count the number of visitors and to see how visitors move around our website when they are using it. This helps us to improve the way our website works, for example, by ensuring that users are finding what they are looking for easily.
Functionality cookies. These are used to recognise you when you return to our website. This enables us to personalise our content for you, greet you by name and remember your preferences (for example, your choice of language or region).
Targeting cookies. These cookies record your visit to our website, the pages you have visited and the links you have followed. We will use this information to make our website and the advertising displayed on it more relevant to your interests. We may also share this information with third parties for this purpose.
The information stored in our cookies is kept separate from your Personal Information and will never be used in combination with your Personal Information. You can reset your Internet browser to refuse all cookies or to warn you before accepting cookies. For more information on how to do this, visit https://www.consumer.ftc.gov/articles/0042-online-tracking. Please note that by deleting our cookies or disabling future cookies you may not be able to access certain areas or features of our Site.
Once we have received your Personal Information, we will use reasonable procedures and security features to try to prevent unauthorized access. However, the transmission of information via the Internet is not completely secure and, while we will do our best to protect your Personal Information, we cannot guarantee the security of your Personal Information transmitted to our Site; any transmission is at your own risk.
Prodigy Finance acts as a data controller when using your Personal Information in providing you with Services and as a data processor on behalf of Lenders.
We use Personal Information held about you in the following ways:
7. Disclosure of your Personal Information
We may disclose your Personal Information to a parent company, affiliates, franchisees, subsidiaries, joint ventures, or other companies under common control with us, based in the United Kingdom, in any part of the EEA, or elsewhere.
8. Fraud prevention agencies and credit agencies
If you are attending a school outside the United States and are not a United States resident at the time of making the loan application, then the following provisions apply. Prodigy Finance will check your details with a fraud prevention agency/agencies, and if you give false or inaccurate information and Prodigy Finance identifies fraud, this will be recorded. Prodigy Finance and other organizations, including law enforcement agencies and debt collection agencies, may access, use, and search these records to:
Please contact us at email@example.com if you want to receive details of the relevant fraud prevention agencies.
Any credit reference agency Prodigy Finance searches will keep a record of any search, and other lenders may use it to assess applications they receive from you in the future. As a general rule, we will give you at least 28 days’ notice of any decision to file notice on your credit reference file of any default by you in your obligation to make repayments. However, we may not always give you notice beforehand, for example, if an enforcement action is planned.
If you are attending a school in the United States or are a United States resident at the time of making the loan application, then the provisions relating to credit reference and fraud agencies consumer reporting agencies and fraud prevention services shall be set out in the loan agreement that we enter into with you and other legal disclosures that we provide to you.
9. Your rights with respect to your Personal Information
You have the right to ask us not to process your Personal Information for marketing purposes. The manner in which we use Personal Information for marketing purposes in the United States is set out in our Privacy Notice. We will usually inform you (before collecting your Personal Information) if we intend to use your Personal Information for such purposes or if we intend to disclose your Personal Information to any third party for such purposes. You can exercise your right to prevent such processing by checking certain boxes on the forms we use to collect your data. You can also exercise the right at any time by contacting us at firstname.lastname@example.org.
Prodigy Finance aims to keep your Personal Information accurate and up-to-date. You may access, correct, delete, or modify the Personal Information that you provided to us and associated with your account. Access requests may be subject to a fee to meet our costs in providing you with details of the Personal Information we hold about you in accordance with the provisions of the Data Protection Act 1998. Please advise us of any changes by emailing email@example.com or by updating your profile online on https://prodigyfinance.com.
10. Third party data collection and links to other websites
We may use third-party service providers that collect information about users over time and across different websites in order to serve advertisements on our behalf that are more targeted and relevant to your interests. Prodigy Finance complies with the Digital Advertising Alliance ("DAA") Principles for Online Behavioral Advertising. If you have any questions about an advertisement or other targeted content, you should contact the responsible provider directly, such as by clicking on the "Ad Choices" icon in or around the advertisement. The DAA provides a single location where you can opt out of certain types of data collection and use or out of receiving targeted ads from member companies. To opt out, please visit www.aboutads.info to exercise choice with respect to participants of the DAA.
We also use Google Analytics, which is a service provided by Google. Google utilizes the data collected to track and examine the use of our Site and may share this data with other Google services. You can learn more about Google’s privacy practices by visiting their website at http://www.google.com/policies/privacy/partners/.
Similarly, our Site may, from time to time, contain links to and from the websites of our partner networks, advertisers, or affiliates. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any Personal Information to these websites.
11. Community Lending
Prodigy Finance may communicate with your university to verify your most recent physical address and contact details during the servicing of your loan.
12. Children’s Privacy
Our Site is not intended for use by children. We do not knowingly collect Personal Information from children under the age of 13 years. If we become aware that a child under 13 years of age has provided us with Personal Information, we take immediate steps to delete such Personal Information.
13. Do Not Track
The Site is not currently configured to respond to Do Not Track signals sent by Internet browsers.
You agree that we may call you, leave you a message, or send you a text, email, or other electronic message for any purpose related to your expression of interest in our Site, your loan with us, our Services, or surveys or research (each a "Communication"), to the extent permissible by law. You agree that we may call or text you at any telephone number associated with your loan, including cellular telephone numbers and may send an email to any email address associated with your loan. You also agree that we may include your Personal Information in a Communication. In addition, you understand and agree that we may communicate with you in any manner permissible by law that does not require your prior consent.
Investing - Risk Policy
Investment is restricted to high net worth and sophisticated investors who can demonstrate that they have sufficient knowledge and experience to understand the risks of investing. Risks include the potential loss of capital and limited liquidity. Capital at risk. Investments are long term and it may not be possible to sell your investment prior to maturity. See our full Risk Warning and Terms and Conditions.
© Prodigy Finance Limited 2007 - 2018. All Rights Reserved. Prodigy Finance Limited is incorporated in the United Kingdom (Company Number 05912562) with its registered address at Palladium House 1-4 Argyll Street, London, W1F 7LD and registered with the Office of the Information Commissioner (Reg. No. Z9851854). Prodigy Finance is authorised and regulated by the Financial Conduct Authority (firm registration number 709641) for certain consumer credit activities and for investment activities for investors who have agreed to its terms. Prodigy Finance loans are offered to eligible borrowers who are studying outside of their country of residence and the loans are governed by English law.
Prodigy Services Limited is incorporated in the United Kingdom (Company Number 10201413) with its registered address at Palladium House 1-4 Argyll Street, London, W1F 7LD. Prodigy Services is an appointed representative of Sapia Partners LLP which is authorised and regulated by the Financial Conduct Authority. Prodigy Services Limited promotes offers of securities for third party issuers to eligible investors.