We use data to make you offers, provide our services to you, perform identity and eligibility checks, work out financial risk (including by credit scoring), manage debt, protect you and us against fraud and financial crime and manage and develop our business. Automated decisions may be taken to detect crime and for credit scoring.
We keep banking application data for up to 7 years. We may use this information if you apply for a product again in the future.
Data may be obtained from and shared with the wider Tesco Group, credit reference agencies (CRAs) and fraud prevention agencies (FPAs). The FPAs will potentially use it to prevent fraud and money-laundering, verify your identity and establish your right to UK residency. Depending on the outcome, this could result in the refusal of certain services, finance or employment. We will supply your personal information to CRAs and they will give us information about you such as about your financial history, both at application stage and on an ongoing basis. Records of credit checks may be shared with other organisations. Any joint applicant or other financial associate must understand that their records will be searched and linked to yours.
We use data such as your name and address, to find any Clubcard(s) that are linked to your address. That might be your Clubcard, the Clubcard of other family member(s), or the Clubcard of house- or flat-mates. We may use this information to tailor our communications, and to try to bring you better terms, deals or offers and this may include profiling.
Clubcard discounted rates are available on some loan amounts. By supplying your Clubcard number, you agree that we may use your Clubcard data when reviewing your application (including information relating to transactions made in Tesco using your Clubcard). Clubcard data will only be used to have a positive impact on our assessment of your application.
Detailed information on how we handle your data and your rights under data protection laws is available in our Privacy Notice.
By proceeding with your application you acknowledge we can use your data in this way.