PRIVACY POLICY
In
order to operate the CESI/FOTSI Credit Account service and to reduce the risk of
fraud, we must ask you to provide us information about yourself and
your credit. This Privacy Policy describes the information we collect and
how we use that information.
If you
apply for a Credit Account with CESI/FOTSI you authorize CESI/FOTSI to obtain personal
credit information from personal references furnished and/or from credit bureau
reports. You also authorize CESI/FOTSI and any credit reporting agency to exchange
the information you provide in the application form. If you are approved
for a Credit Account, your account will be governed by the Privacy Policy.
CESI/FOTSI will use your information in accordance with the terms of this Privacy Policy.
By
accepting the Privacy policy and signing the Credit Application, you expressly
consent to our use and disclosure of your personal information in the manner
descrebed in this Privacy policy. This Privacy Policy is incorporated
into and subject to the terms of the Credit Application.
In
order to protect all our customers against potential fraud, we verify with
third parties the information you provide. In the course of such
verificiation, we receive personally identifiable information about you from
such services. In particular, if you apply for a credit Account with
CESI/FOTSI, we will conduct a background check on you and/or your business by
obtaining information about you and /or your business from a credit bureau.
If you incur a debt to CESI/FOTSI, we will generally conduct a credit
check on you by obtaining additional information about you from a credit
bureau, to the extent permitted by law. CESI/FOTSI, at its sole descretion,
also reserves the right periodically to retrieve and review a business and/or
consumer credit report for any account, and reserves the right to close an
account based on information obtained during this credit review process.