RateSetter is committed to putting you in control of your privacy, whilst maintaining our primary responsibility to all members of RateSetter to ensure RateSetter is a secure platform on which to borrow and invest money.
These responsibilities extend to fraud, money laundering and other crime prevention; to careful credit assessment using manual and automated data collection; and to validating the identity of all users of RateSetter.
Our Cookies Policy outlines how we collect, store and use electronic data from your browser.
A key responsibility for RateSetter is ensuring that we can positively identify every member, and our Registration screens capture data to validate your identity. If we cannot do so, then we reserve the right to request additional verification data before allowing a member to participate on RateSetter as either a Borrower or Investor. Additionally we may also collect
data about you for the purposes of statistical analysis, monitoring, site optimisation, product and site marketing, email marketing and Customer Relationship Management. These are governed by industry best practice opt- out procedures. For more information see “Will RateSetter use my information for marketing purposes?”
All the data that you submit to RateSetter is stored securely and is not directly accessible by third parties.
We collect information about Borrowers to allow us to make an informed credit decision before approving them to take out a loan. This data allows RateSetter to identify you via credit and other reference agencies, to prevent fraud and to validate the affordability of any loan or product that you select through RateSetter.
We collect information about Investors to allow us to positively identify you for the purposes of prevention of both fraud and money-laundering.
RateSetter reserves the right to contact all members for operational reasons concerning the management of their account by email, post or telephone.
RateSetter contacts applicant Borrowers as a matter of course to validate information pertaining
to the approval of a loan, including regular emails regarding the progress of a loan during the course of an application. We will also contact Borrowers during the course of the repayment of a loan at regular intervals, and in the event of any missed or late payments.
RateSetter sends periodic updates about new products, services, content and information. Both Borrowers and Investors can opt out of these communications at any time.
The management of our business requires us to share and validate data with third parties such as credit reference, debt collection or law enforcement agencies. RateSetter reserves the right to change the nature and suppliers of that information and/or those services to ensure best practice.
Sometimes RateSetter is unable to provide applicants with the loan they have requested but one of our partners may be able to help. If you do not want to be contacted by one of these partners following an unsuccessful application, please untick the box on your SmartQuote application.
RateSetter reserves the right to hold your information in a dormant state for an unlimited term for the purposes of the prevention of fraud, identity theft or any other
crime. If you request that your account is closed, RateSetter will not contact you for any other purpose other than to inform you of any potential fraud, identity theft
of other criminal act affecting your personal information.
Yes. Under the Data Protection Act, you have the right to view all the information RateSetter holds against you as a “Subject Access
Request”. We will endeavour to provide that information to you within 28 days of a written request being made to RateSetter.
A fee may be payable to service a Subject Access Request, about which we would inform you as part of the process.
RateSetter’s Headquarters are in Southwark, London. RateSetter’s servers are provided by an independent hosting company, and reside in secure data facilities in the UK. RateSetter reserves the right to move such facilities and
providers outside of the EU as it sees fit.
You can access and transact with RateSetter from in and out of the UK. The RateSetter service however is only available to
resident tax payers of the United Kingdom. RateSetter reserves the right to make the RateSetter service available to residents of other countries as it sees fit.
RateSetter uses first and third party cookies throughout its website. To learn more, please visit our Cookies page.
Hopefully you'll find answers to your questions in our FAQ section.
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Here's where you can view, select and compare previously matched market rates on RateSetter. Also, check out our default and coverage ratios and see a guide to matched volumes over time.