Rapid Loan has been acquired by Buffalo Lake Lending.
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Revised as of 01/27/2021

FACTS What does Rapid Loan do with your personal information?
Why? 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.
What?

The types of personal information we collect, and share depend on the product or service you have with us. For an online installment loan, this information can include:

  • Social Security number and bank account information
  • Payment history and income
  • Employment information and wire transfer instructions
How? All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reason Rapid Loan chooses to share; and whether you can limit this sharing.

Reasons we can share your personal information Does Rapid Loan 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 Yes No
For our marketing purposes – to offer our products and services to you Yes No
For joint marketing with other financial companies No We Do Not Share
For our affiliates’ everyday business purposes – information about your transactions and experiences Yes No
For our affiliates’ everyday business purposes – information about your creditworthiness Yes Yes
For our affiliates to market to you Yes Yes
For non-affiliates to market to you Yes Yes

To limit our sharing Please note:
If you are a new customer, we can begin sharing your information 30 days from the date you sent this notice. When you are no longer our customer, we continue to share your information as described in this notice.
However, you can contact us at any time to limit our sharing.
Questions? rapidloannow.com

What we do
How does Rapid Loan protect my personal information? To protect your personal information from unauthorized access and use, we use security measures. These measures include computer safeguards and secured files and buildings.
How does Rapid Loan collect my personal information? We collect your personal information, for example, when you:
  • Apply for a loan
  • Give us your income information
  • Tell us where to send the money
  • Provide account information
  • Provide employment information
We also collect your personal information from others, such as credit bureaus, affiliates or other companies
Why can’t I limit all sharing? You have 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
We also collect your personal information from others, such as credit bureaus, affiliates or other companies
What happens when I limit sharing for an account that I hold jointly with someone else? Your choices will apply to everyone on your account.

Definitions
Affiliates Companies related by common ownership or control. They can be financial and non-financial companies
  • Our affiliates include other business entities of the Wakpamni Lake Community Corporation (WLCC).
Non-affiliates? Companies not related by common ownership or control. They can be financial and non-financial companies
Joint marketing A formal agreement between non-affiliated financial companies that together market financial products or services to you.
  • Rapid Loan does not jointly market.