Burnley Savings and Loans work closely with our trusted partners, and in keeping with our ethos of treating customers fairly, if we can source you a better deal through our trusted partners we will pass your details on to them.
Thank you for your application!
We have received your application for finance and Burnley Savings and Loans Ltd may now send this on to our trusted partners, along with your personal information. This information may be shared with third parties, such as finance companies and credit reference agencies, during the processing of your application. Burnley Savings and Loans Ltd work closely with our partners to ensure our Customers receive the best possible rate for you.
Burnley Savings and Loans Limited is a Credit Broker, and a lender and the FCA require us to provide you with details of our services to ensure they are suitable for you to use. These services are detailed in our Initial Disclosure Document at https://www.burnleysavingsandloans.co.uk/initial-disclosure-document/
Burnley Savings and Loans Limited can introduce you to a limited number of lenders and their finance products. They are not an independent financial advisor; they will provide details of products available, but no advice or recommendation will be made. You must decide whether the finance product is right for you.
Whichever lender Burnley Savings and Loans Limited introduces you to, they will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow).
All of the lenders that Burnley Savings and Loans Limited work with could pay commission at different rates and the commission values could vary between finance products, but the commission they receive does not influence the interest rate you will pay. Burnley Savings and Loans Limited’s aim is to secure finance for you at the lowest interest rate available from their panel of lenders.
In processing your application, Burnley Savings and Loans Limited will carry out a soft credit search to determine the most suitable finance provider to meet your requirements; no footprint will be left on your file from this search.
A further credit search will be carried out by the chosen finance provider which may leave a footprint on your credit profile detailing that a finance application has been made. This can be seen by other organisations that make credit searches. Burnley Savings and Loans Limited may request a credit check with more than one finance provider.
Searches will also be made in respect of Directors and Partners of firms applying for credit. Information held about you by the credit reference agencies may already be linked to records relating to other people with whom you have a financial association. In connection with your application you may be treated as financially linked with them and assessed with reference to any such associated records.
The identities of the Credit Reference Agencies (CRAs), their role also as fraud prevention agencies, the data they hold, the ways in which they use and share personal information, data retention periods and your data protection rights with the CRAs are explained in more detail at each of the three CRAs websites – clicking on any of these three links will take you to the same CRAIN document:
You acknowledge that as part of the process of obtaining finance for your vehicle Burnley Savings and Loans Limited will need to pass your details on to one or more of their finance partners. A list of these partners together with their consumer credit licence numbers are available on request. You also acknowledge that any organisation approached for credit will need to undertake credit searches with a credit reference agency which may affect your credit rating.