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 UK Data Protection registration number is Z9851854).
By agreeing the policy in the manner specified at our website at www.prodigyfinance.com (“our site”):
Please note that you are not required to provide any personal information for publication on the public areas of our site.
Certain countries have requirements for their citizens to notify government departments or ministries (or fulfil other conditions) when making foreign exchange loan transactions. Should such a requirement exist in your country, it is your sole responsibility to ensure that you comply with such requirements.
Prodigy Finance acts as a lender, a consumer credit broker and administers loans on behalf of MBA Community Loans plc. (Company number 486917 and registered office at AIB International Centre, I.F.S.C., Dublin 1, Ireland) through which alumni, universities and others invest in the loans we make. Prodigy Finance only collects personal information relevant to the granting of the Loan by us or the Lender. This information is given directly by you and by people or companies authorised by you to act on your behalf (for example, a potential Lender, a university or an alumni association you are a member of), and it may also include information obtained from those third parties authorised by you to share such information with Prodigy Finance.
We may collect and process the following information about you:
Where we have given you (or where you have chosen) a password that enables you to access certain parts of our site, you are responsible for keeping this password confidential. We ask you not to share a password with anyone.
Once we have received your information, we will use procedures and security features to try to prevent unauthorised access. However, the transmission of information via the Internet is not completely secure and, while we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our site; any transmission is at your own risk.
Prodigy Finance acts as data controller when using your personal data in the course of the Loan and managing loans on behalf of individual Lenders, and as data processor on behalf of Lenders in the course of your loan relationship with them.
We use information held about you in the following ways:
Subject to your consent, we may also use your data, or permit selected third parties to use your data, to provide you with information about goods and services which may be of interest to you and we or they may contact you about these by post, telephone or e-mail.
We may disclose your personal information to any member of our group, which means our subsidiaries and our ultimate holding company and its subsidiaries, based in the UK, in any part of the EEA or elsewhere.
Prodigy Finance will keep your personal data confidential and only disclose it to others for the purposes explained when you applied, and:
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 and Prodigy Finance and other organisations, 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 if any decision to file notice of any default by you in your obligation to make repayments on your credit reference file. However, we may not always give you notice beforehand, for example, if enforcement action is planned.
You have the right to ask us not to process your personal data for marketing purposes. We will usually inform you (before collecting your data) if we intend to use your data for such purposes or if we intend to disclose your 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.
Our site may, from time to time, contain links to and from the websites of our partner networks, advertisers and 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 data to these websites.
Under the Data Protection Act 1998, you have a right to access certain personal records that Prodigy Finance holds about you. Your right of access can be exercised in writing in accordance with the Act. Any access request may be subject to a fee to meet our costs in providing you with details of the information we hold about you.
Prodigy Finance aims to keep your personal information up-to-date, so please advise us of any changes by e-mailing email@example.com or by updating your profile online on www.prodigyfinance.com. You must notify us by emailing firstname.lastname@example.org within thirty days if any of any change in your name, residential address, telephone number, e-mail address, or referees' address, and any other details we request that we reasonably consider to be material to our dealings with you in relation to your loan facilities. You must also immediately notify us by emailing email@example.com of your withdrawal or dismissal from your university or school.
While Prodigy Finance has used and shall use its reasonable endeavours to ensure that all the applicant’s personal data shall be kept confidential as required by the Data Protection Act 1998, Prodigy Finance shall not be liable for any loss or damage incurred by the applicant in the event that third parties wrongly gain access to the applicant’s personal data, other than through Prodigy Finance’s own negligence or wilful misconduct.
To the extent permitted by applicable law, Prodigy Finance shall not be liable for any indirect, special or consequential loss or damage, including: loss of income or revenue, loss of business, loss of contract, loss of anticipated savings, loss of goodwill, loss of opportunity, or loss of data.
The nature of our community platform means that your loan facility is provided by members of the community (including alumni, classmates, Lenders, schools and other stakeholders). Your repayment history is relevant to these community members, and may be shared with them.
Should your repayments not be made on time, or should your account fall into default (without having made a prior arrangement with Prodigy Finance), this status may be notified to members of this community. Prodigy Finance may also communicate with the University, your referees, your classmates or the Alumni Association, inter alia, to verify your most recent address and, if it considers it to be appropriate in its sole and absolute discretion, Prodigy Finance may use members of the Prodigy Finance loan community (e.g. members or officers of the University or School or members of the Alumni Association or your classmates) as informal mediators between you and Prodigy Finance in connection with the recovery of outstanding amounts.
Your repayment status will also have a direct impact on the ability of future students to obtain Loans by or through Prodigy Finance. Prodigy Finance may therefore share information on your account and the performance of your account (whether positive or negative) with investors, university and the alumni association of the university, should this be required or deemed appropriate in our sole and absolute discretion.
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 browsers are initially set up to accept cookies. Prodigy Finance uses both permanent cookies and temporary cookies (called session cookies). Permanent cookies stay on your computer between visits Prodigyfinance.com. Session cookies disappear when you leave Prodigyfinance.com and close your browser. These cookies are used to:
The information stored in our cookies is kept separate from your Personal Information and will never be used with it.
You can reset your browser to refuse all cookies or to warn you before accepting cookies. For more information on how to do this, visit www.allaboutcookies.org.
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.
Log files record visitors' use of the site. Prodigy Finance can collect information about site usage from the data contained in these logs from third parties. Log files do not contain any personal information and they are not used to identify any individual person’s use of the site. When a visitor requests any web page from our site, web servers automatically obtain that visitor's domain name and IP address. The domain name and IP address reveal nothing personal about you other than the IP address from which you have accessed our site. This information is used to examine Prodigyfinance.com traffic in aggregate, to investigate abuse of our site and its users, and/or to cooperate with law enforcement. It is not disseminated to third parties except in aggregate.
Insofar as any dispute cannot be referred to or finally resolved by arbitration by reason of any law, rule, administrative order, or judicial or arbitral decision, the parties agree that the courts of England shall have non-exclusive jurisdiction to decide such dispute.
You agree that we may call you, leave you a message, or send you a text, e-mail, or other electronic message for any purpose related to your expression of interest in our site, your loan with us, our products and services, or surveys or research (each a "Communication"). 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 e-mail 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.