www.sourced.co and all microsites (together the "Website") are owned and operated by Jark-1 Limited trading as Sourced, a company registered in England with company number 10852300 and having its registered office at Unit 5, Turnstone Business Park, Mulberry Avenue, Widnes, Cheshire, WA8 0WN. Jark-1 Limited is registered under the Data Protection Act 1998.
We have carefully considered our duties and obligations under the new General Data Protection Regulations (GDPR) including the purposes and legal basis for processing data. We will only use your personal information for the legitimate interests of the business as a membership organisation.
Should you have any questions, please do not hesitate to contact us via email, email@example.com
If you engage with us in any way, we may collect the following information about you through the methods of contact you choose to use at the point of engagement:
From time to time we obtain information from outside sources to help us carry out our business functions. This information, which often contains personal data, includes:
If you wish to become a member of the marketplace you will need to provide us with the following information, which we may also collect from third parties:
If you are a Borrower or a director, partner, member, shareholder, beneficial owner or guarantor of a Borrower, you will also need to provide us with the following information, which we may also collect from third parties:
In addition to the personal and financial information you submit, or we collect as described above, we may also collect information about your computer (including, where available, your IP address, operating system and browser type), your interaction with the marketplace and our website, and email performance data. We use this information for several reasons, including for marketing, for marketplace administration and for service improvement. Our Cookies Policy describes these processes in more information.
We may, particularly in relation to borrowers, investors or guarantors, be given sensitive personal data (such as medical information or criminal records). Where relevant, we will hold and process this data to allow us to make decisions about you and your accounts with us or with which you are connected. This may involve us sharing your sensitive personal data with your Agents. We will process sensitive personal data only in accordance with the requirements of applicable privacy law.
If you provide information about other people (for example, if you represent a borrower and you provide information about directors, partners, members, shareholders or beneficial owners other than yourself) then you confirm:
We collect, store and use your personal data:
We will not keep your personal data for longer than is necessary for the purposes for which it was collected and is processed, and for the purposes of satisfying our legal, accounting or regulatory reporting requirements.
These requirements generally permit us to retain our Borrower and Lender records for a period of six years after the end of the borrowing/investing relationship (i.e. the date on which we no longer provide services to you as a Borrower or Lender). We may retain data for longer than this in certain circumstances, for example in the event of an ongoing dispute.
Disclosing your information
We may disclose your personal data to other registered members of our marketplace, including:
If you, as a registered member of our marketplace, receive information about another registered member, then you must only use that information to communicate with Sourced about your loan contract with that member. You acknowledge that Sourced is not responsible for misuse of transactional or other information by Sourced members, but you must inform Sourced promptly if you are the victim of any misuse of that information.
Third parties who process your personal data on our behalf are only permitted to process your personal data in accordance with our instructions and we will take steps to ensure that the transfer and any on-going processing by those third parties is carried out securely and in accordance with applicable privacy laws.
Save as expressly provided above, or otherwise without your consent, Sourced will not share your personal data with any third party.
We are part of a global group of companies and, in order to support our business in the most efficient manner possible, we share infrastructure and functions across our business internationally. This means that we may transfer your personal data to, or your personal data may be accessible in, any location in which we do business.
If your information is transferred to or accessible in a country which is not considered by the European Community to adequately protect of personal data (such as the USA), we will always take steps to ensure that your information is protected and that those transfers comply with applicable privacy laws.
We may transfer your information to other countries, including those outside the European Economic Area, either for storage purposes or if we engage suppliers, sub-contractors or third-party data processors who are based or have operations overseas. We will always take steps to ensure that your information is protected and that those transfers comply with applicable privacy laws.
From time to time we undertake credit reference checks against borrowers and investors (and against directors, partners, members, shareholders and beneficial owners of borrowers and investors), guarantors and Agents:
When CRAs receive a search request from Sourced they will:
We will give details of all loans taken through the marketplace and how they are managed to the CRAs. If you borrow and do not repay in full and on time, the CRAs will record the outstanding debt and, in some cases, the length of time that the debt remains outstanding; other organisations may see these updates and this affect your ability to obtain credit in the future.
Any records shared with CRAs will remain on file for six years after your account is closed, whether any outstanding sums have been settled by you or following a default.
You can contact the CRAs currently operating in the UK. The information they hold may not be the same so you may consider contacting them all. They will charge you a small statutory fee. They are:
If you give us false or inaccurate information or if we suspect or identify fraud we may record this and may also pass this information to FPAs (such as CIFAS) and other organisations involved in crime and fraud prevention including law enforcement agencies.
We and other organisations may access and use this information in order to prevent fraud, money laundering or other criminal activity (for example, by checking details on credit applications, for managing credit and recovering debt). We also use FPAs to screen job applicants and employees.
Please contact us if you want to receive details of the relevant fraud prevention agencies.
You have rights under the GDPR:
You may also request that the CRAs we use provide you with information that they hold about you. You must contact them directly to do this.
Sourced takes appropriate technical and organisational measures to safeguard the personal data that you provide to us, but we accept no liability if communications are intercepted by third parties or incorrectly delivered or not delivered.
If we transfer your information to third parties we will take steps to ensure that the transfer and any on-going processing by those third parties is carried out securely and in accordance with applicable privacy laws.
You also have a responsibility to ensure that your information is kept secure. If you are a member of our marketplace, you must:
We may request further specific information to help us confirm your identity should you wish to access your personal data. This is a security measure that ensures we do not disclose any private information to an individual who does not have the right to receive it.
We aim to respond to all legitimate requests within one month of receipt of the request, however should your request be complex we may take slightly longer to process your data (up to an additional two months). In prolonged cases, we will contact you within the initial month of the request being submitted with an estimated response time.
You have the right to take any complaints about how we process your personal data to the Information Commissioner:
0303 123 1113.
Information Commissioner's Office
For more details, please address any questions, comments and requests regarding our data, firstname.lastname@example.org
Sourced is registered in England and Wales under company number 10852300.
Our registered address is Unit 5, Turnstone Business Park, Mulberry Avenue, Widnes, Cheshire, England, WA8 0WN
You can contact us using the following information:
Telephone: 0333 123 1330
Post: Sourced, Unit 5, Turnstone Business Park, Mulberry Avenue, Widnes, Cheshire, England, WA8 0WN