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- Data Protection Act - |
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The Data Protection Act was introduced in 1984 to bring UK privacy law up to EU standards; it was repealed in 1998 and replaced with the current (1998) Act. Any organisation or individual that uses personal data, be it medical, educational or financial, is bound by the Data Protection Act 1998. The disclosure of personal information to third parties can usually take place only with the consent of the person whose details are sought. Under the Act, your credit history or your credit score cannot be seen by a lender (or anyone else) without your permission, be it signed, oral or entered electronically.
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Use our layman jargon buster to decipher other key industry terminology.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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| Think carefully before securing other debts against your home. Your home may be reposessed if you do not keep up repayments on your mortgage or any other debt secured on it. Loans secured on your home. |
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Licensed credit broker authorised by the Office of Fair Trading. Registered members of CFB, FISA, FSA, Data Protection Act 1984 |
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| Processing by LL Processing (UK) LTD, Intec 4, Wade Road, Basingstoke RG24 8NE |
© 2007 LoanLine - Data Protection Act |
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