Privacy Policy
At FlashCredit (referred to as “we” or “this app”), we prioritize your privacy and are dedicated to protecting your personal information. This Privacy Policy outlines how we collect, utilize, share, and secure your information, as well as your rights regarding this data.
1. Purpose of Data Collection
Our service is designed to offer tailored loan options to users in need. With your explicit consent, we analyze smartphone data to verify your identity and build a credit scoring model, enabling us to determine loan eligibility. This data is also used for credit recovery and assessment. We collect and process personal data solely for these stated purposes or to fulfill legal obligations governing our operations.
2. Data We Collect
- SMS Information: We collect and analyze SMS content to extract financial details. This helps assess your cash flow and credit risk, enabling us to provide financial services through regulated partners.
- Phone Status: We access your device’s status to confirm your identity and secure your information, assisting our partners in risk evaluation.
- Location Information: We collect your device’s location to mitigate account-related risks.
- Contact List: During loan applications, we gather your contacts to autofill references and conduct risk analysis. Credible references help lower user risk.
- Storage: Storage permissions allow uploading of photos or documents required for loan applications.
- Camera: Camera access enables users to capture and upload documents (e.g., KYC forms) during the application process.
- Calendar: We access your calendar to set reminders for repayment dates, helping avoid overdue fees.
- Device Information: Upon app installation, we collect device details (e.g., unique ID, GAID, IP address, network information, and operating system). This data helps us secure accounts, improve services, and personalize your experience.
3. Use of Information
We utilize your data for the following purposes:
- Identity Verification: To protect account security.
- Credit Assessment: To determine loan eligibility.
- Service Provision: For processing applications, providing support, etc.
- Service Improvement: To analyze app performance and enhance user experience.
- Legal Compliance: To adhere to laws and regulations.
4. Data Sharing
We only share your data under these circumstances:
- With Your Consent: After obtaining explicit permission.
- With Trusted Partners: For loan processing and related tasks, restricted to specified uses.
- Legal Obligations: When required by law or government authorities, or to protect legal rights.
5. Data Security
We employ technical and administrative measures, including encryption and regular audits, to protect your data. While we strive for robust security, no method is entirely foolproof. Thus, we cannot guarantee absolute protection.
6. Your Rights
You are entitled to:
- Access Your Data: Review personal information we collect.
- Request Corrections: Amend inaccuracies in your data.
- Request Deletion: Under certain conditions, request data removal unless retention is legally required.
- Restrict Processing: Limit data processing in specific scenarios.
7. Children’s Privacy
This app is not intended for users under 18. If we learn of unauthorized data collection from minors, it will be promptly deleted.
8. Policy Updates
We may revise this Privacy Policy periodically. Updates will be posted here, and significant changes will be communicated via app notifications or email.
9. Contact Us
For inquiries or further information, please contact us:
