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FACTS
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What does Persian Acceptance Corp. (PAC) do with your personal information?
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Why?
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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.
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What?
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The type 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 income
- Account balances and payment history
- Credit history and credit scores
When you close your account, we continue to share information about you according to our policies.
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How?
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All financial companies need to share customers’ personal information to run their everyday business – to process transactions, maintain customer accounts, and report to credit bureaus. In the section below, we list reasons financial companies can share their customers’ personal information; the information Persian Acceptance Corp. choose to share; and whether you can lit this sharing.
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| Reasons we can share your personal information |
Does PAC share? | Can you limit this sharing? |
| 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.
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Yes | No |
| For our marketing purposes – to offer our products and services to you. |
No | No |
| For joint marketing with other financial companies. |
No | N/A |
| For our affiliates everyday business purposed – information about your transactions and experiences. |
Yes | No |
| For our affiliates’ everyday business purposes – information about your creditworthiness. |
No | No |
| For our affiliates to market their products or services to you. |
No | N/A |
| For nonaffiliates to market non-financial institutions’ products or services to you. |
No | N/A |
| For nonaffiliated third party service providers for everyday business purposes – information about your transactions and experiences. |
Yes | No |
SPECIAL NOTICE FOR VERMONT RESIDENTS: If your account has a Vermont mailing address, we will share with our marketing partners only that information that is permitted by law. Residents of Vermont do not have to take any further action to limit the sharing of information; such limits are already in place.
| Questions? | Call 888-852-2886 |
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Sharing Practices
| How does PAC 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. Employees have access to your information on a need to know basis to perform their job function. |
| How does PAC collect my personal information? |
We collect your personal information, for example when you
- Complete an application for credit
- Make a payment on your account
We also collect your personal information from other, such as credit bureaus, affiliates, or other companies.
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| Why can’t I limit all sharing? |
Federal law give you the right to limit only
- Sharing for affiliates’ everyday business purposes – information about your creditworthiness
- Affiliates from using your information to market to you
- Sharing for nonaffiliates to market to you
State laws and individual companies may give you additional rights to limit sharing. |
Note: We may share certain customer information with government and consumer reporting agencies as permitted or required by such laws as the Federal Right to Financial Privacy Act. These disclosures are usually made for your benefit and for specific circumstances, for example, verifying identities to reduce fraud and identity theft or for prompt credit approval or as required by law, such as in response to a subpoena or court order.
| Definitions |
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| Affiliates/Subsidiaries | Companies related by common ownership or control. They can be financial and nonfinancial companies. |
| Nonaffiliates | Companies not related by common ownership or control. They can be financial and nonfinancial companies and service providers. These can include statement, recovery and collection companies as well as insurers and attorneys. |
| Joint marketing | A formal agreement between nonaffiliated financial companies that together market financial products or services to you. |
