In today’s digital age, your personal and financial information is more valuable than ever—and more vulnerable too. That’s why the Data Privacy Act of 2012 (RA 10173) exists: to safeguard your data and ensure that financial institutions handle it responsibly. At Mount Fuji Lending, we don’t just comply with this law; we champion it as part of our commitment to protecting our clients.
Your Data Privacy Rights
As a borrower, you have the right to know how your data is being used and to have a say in how it’s managed. The Data Privacy Act ensures the following:
- Transparency: Financial institutions must inform you about what data they collect and why.
- Consent: Your permission is required before your data can be processed or shared.
- Access and Correction: You have the right to review and correct any inaccuracies in your personal information.
These provisions give you control over your data and protect it from unauthorized use.
The 3 W’s of Data Privacy
Before providing your information, remember to ask about the 3 W’s of Data Privacy:
- What: What data is being collected?
- Why: Why is it needed?
- Who: Who will have access to it?
By understanding these details, you can ensure your data is being used responsibly and in line with your consent.
How to Protect Your Data
As a borrower, there are steps you can take to safeguard your personal information:
- Review Privacy Notices: Always read the privacy policy of your lender to understand how your data will be handled.
- Ask Questions: Don’t hesitate to clarify how long your data will be stored or who it will be shared with.
- Exercise Your Rights: If you believe your data has been mishandled, report it to the appropriate authorities.
Mount Fuji Lending’s Commitment to Data Privacy
At Mount Fuji Lending, your trust is our priority. Here’s how we ensure your data is handled with care:
- Clear Communication: We’re upfront about what data we collect, why it’s needed, and how it will be used.
- Robust Security: Advanced measures protect your information from unauthorized access or breaches.
Empowering Clients: We provide you with the tools and information to exercise your data privacy rights confidently.
