Privacy Policy

A study conducted by the Federal Reserve Bank suggests that a new trend in borrowing are loans that act as lines of credit. The Funeral Funding Resource cash advance works like a line of credit and can be renewed as many times as needed, as long as 50 percent of the original loan has been paid off. The Federal Reserve Bank further reports that 57 percent of businesses are choosing cash advances over any other loan.

Everyone knows that loans are always paired with penalties and interest rates, but cash advances work a little differently. Cash advances are awarded and calculated using an estimate of future sales and the businesses repays the loan out of a percent of the sales made on a weekly or biweekly basis. The business enjoys the benefits of using the loan as a line of credit, and monies can be acquired easily by drawing directly from the fund. This financial arrangement is a perfect fit for families that want or need help with funeral costs associated with final arrangements.

Borrowers

Investors
Name and your business name Name
Mailing address Mailing address
Business address
Phone and e-mail details Phone and e-mail details
Bank account information Bank account information
Date of birth Date of birth
Social security number Social security number
Income, assets, debt, and other personal and business data Income, assets, debt, and other financial data
Comments you make on blogs and discussion forums on the website Comments you make on blogs and discussion
forums on the website
Correspondence with us by email and post Correspondence with us by email and post

In addition to collecting personal information supplied by you during your application process, Funeral Funding Resource uses non-affiliated third parties to gather borrower’s data from financial institutions. By using Funeral Funding Resource’s application process, you grant our non-affiliated third-party providers the right, power, and authority to act on your behalf to access and transmit your personal and financial information from the relevant financial institution according to terms of the third-party provider’s privacy policy. Funeral Funding Resource does not have access to and does not store the usernames and passwords you use to access your financial institution(s).

Funeral Funding Resource collects this personal information from you in order to

  1. determine the borrower’s eligibility for a loan and the investor’s suitability as an investor;
  2. obtain, upon your authorization, a credit report, references, and other information from credit bureaus or other third parties in connection with your loan application;
  3. verify your identity;
  4. detect and guard against potential fraud;
  5. manage your Funeral Funding Resource account and update the records we hold about you;
  6. create a marketplace loan listing on the Funeral Funding Resource website, which includes a Funeral Funding Resource credit grade based on your credit history and financial circumstances;
  7. process your payments and other transactions;
  8. develop and improve our website, products, and services;
  9. enforce our agreements;
  10. carry out statistical analysis and market research and testing;
  11. carry out regulatory checks;
  12. comply with our legal and regulatory obligations;
  13. make this website available to you and identify products and services which you may be interested in; and
  14. send periodic emails.

2. How and when is borrower information shared with other parties?

Borrower information collected by or provided to us may be shared with other parties in the following manner:

  • To our affiliates.
  • To a third party if it acquires all (or substantially all) of our business and/or assets in connection with the acquisition.
  • When required by applicable law.
  • To display a loan listing on the Funeral Funding Resource website.
  • To display information about a borrower to an investor if the investor successfully funds the borrower through the Funeral Funding Resource website.
  • To third parties who may be in a position to arrange credit for you
  • Information about borrowers may be shared with the borrower’s franchisor (as applicable).
  • Information about borrowers may be shared with prospective investors and business partners who are required by contract with us to adhere to our privacy policy and to implement safeguards for protecting information about borrowers.
  • Information about borrowers may be shared with non-affiliated third parties (“Trusted Partners”) who assist us in operating our website, conducting our business, marketing our products, or servicing you, so long as the Trusted Partners contractually agree to keep this information confidential.
  • Information about borrowers may be shared with credit bureaus consumer reporting agencies, collecting agencies and fraud prevention agencies in order to perform checks, trace your whereabouts, or recover debts you owe.

We may also release your information to law enforcement or other government agencies as required by law such as to comply with a subpoena, bankruptcy proceedings, or similar legal process or for the purposes of limiting fraud. In addition, we reserve the right to disclose your information when we believe release is necessary to enforce our site policies or any loan agreement, protect ours or others’ rights, property, or safety, and/or to comply with a judicial proceeding, court order, or legal process.

We may continue to share your information as described in this notice after your customer relationship with us has ended. However, you retain all the rights listed in this Privacy Notice on an ongoing basis, regardless of your status as a current or previous customer.

Funeral Funding Resource will only share a borrower’s information with non-affiliated third parties as described in this Privacy Policy.

Notwithstanding anything else in the Privacy Policy, we may share aggregate information about borrowers with third parties for marketing, advertising, research, or other business purposes.

3. Do we sell your personal information?

We will never sell or rent your personal information to any third party unless you have consented to this. If you do consent, but later change your mind, you may contact us directly using the details described in the Contacting Us section below and we will stop any such activity as soon as reasonably practicable.

4. Do we use cookies?

Yes. Cookies are small files that a site or its service provider transfers to your web browser that enable these parties to recognize your browser and capture and remember certain information. We use cookies to understand and save your preferences for future visits and compile aggregate data about site traffic and site interaction so that we can offer better site experiences and tools in the future. We may contract with third-party service providers to assist us in better understanding our site visitors. These service providers are not permitted to use the information on our behalf except to help us conduct and improve our business. If you prefer, you can choose to have your computer warn you each time a cookie being sent, or you can choose to turn off all cookies via your browser settings. Like most websites, if you turn your cookies off, some of our services may not function properly.

5. Security

While we take appropriate physical, technical and organizational measures to safeguard the personal information that you provide to us, we accept no liability if communications are intercepted by third parties or incorrectly delivered or not delivered.

In addition to our efforts, you can take several precautions to protect your personal information. First, you should choose a strong password. A strong password does not contain information that someone can easily learn about you such as your name or birthday and incorporates a variety of letters, numbers, and special characters. We also recommend that you change your password frequently (every 90 days). You can also install and regularly update firewall and antivirus software to protect your computer. When you are finished using our site, be sure to log out and close the browser window, especially if you are accessing our site from a public computer.

6. Your rights

You have the following rights:

  • To update and correct any out-of-date or incorrect personal information that we hold about you free of charge; and
  • To opt out of any marketing communications that we or any Trusted Partner to whom we have disclosed your personal information may send you.

If you wish to exercise any of the above rights, please contact us using the details specified below in the Contacting Us section below.

Please note that the Fair Credit Report Act (FCRA) requires each of the nationwide credit reporting agencies—Equifax, Experian, and TransUnion—to provide you with a free copy of your credit report, at your request, once every 12 months. For more information, visit: http://www.ftc.gov.

7. Links to Other Sites

This website may offer links to sites of partner companies. While we make every effort to monitor the quality of content provided on these sites, these external sites are not subject to this Privacy Policy and we have no control over the content of these sites. Please carefully review the policies on these sites before providing them any personal information.

In some cases, these links may be to partner companies with whom we have a business relationship, and who provide compensation to Funeral Funding Resource in return.

8. Notification of Changes

We may make changes to this Privacy Policy at any time. If any material changes are made to this Privacy Policy, advance notice of the change shall be posted in the first section of [this webpage] for at least one week prior to the change. By accessing and continuing to use this website, you confirm that you have read, understood, and agree to this Privacy Policy and any subsequently modified Privacy Policy in its entirety. Therefore, we encourage you to regularly review this page for the latest information on our privacy practices.

9. Children’s Online Privacy Protection Act

We comply with the requirements of the Children’s Online Privacy Protection Act. We do not knowingly collect personal information from children under the age of the 13. Our website, products, and services are all directed to people who are at least 13 years of age or older.

10. Terms of Use

Please also visit our Terms of Use which establish the use, disclaimers, and limitations of liability governing the use of our website.

 

Translate »