In order to process your application, you agree that Finangel app will transfer your Name, Surname, ID/Passport number and issuing date, address and phone number to the Lender (Finangel ltd, UK company). Lender will perform credit and identity checks on you with one or more credit reference agencies (“CRAs”). Where you use SplitPay services Lender may also make periodic searches at CRAs to manage your account.
To do this, Lender will supply your personal information (mentioned above) to CRAs and they will give to Lender information about you. This will include information from your credit application and about your financial situation and financial history. CRAs will supply to Lender both public (including the electoral register) and shared credit, financial situation and financial history information and fraud prevention information.

Lender will use this information to:

  • Assess your creditworthiness and whether you can afford to take the product;
  • Verify the accuracy of the data you have provided to us;
  • Prevent criminal activity, fraud and money laundering;
  • Manage your account(s);
  • Trace and recover debts; and
  • Ensure any offers provided to you are appropriate to your circumstances.

Lender will continue to exchange information about you with CRAs while you have a relationship with them. Lender will also inform the CRAs about your settled accounts. If you borrow and do not repay in full and on time, CRAs will record the outstanding debt. This information may be supplied to other organisations by CRAs.
When CRAs receive a search from the Lender they will place a search footprint on your credit file that may be seen by other lenders.
The identities of the CRAs, their role also as fraud prevention agencies, the data they hold, the ways in which they use and share personal information, data retention periods and your data protection rights with the CRAs are explained in more detail at CRAIN is also accessible from each of the three CRAs.

Equifax -

Experian -

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The services are provided by Decta Limited, registered in UK under 09926210.
Decta Limited is a licensed by the FCA UK financial institution, License No. 900592.
Loans for SplitPay are provided by Finangel ltd (UK), registration #11624045
The technical platform is provided by Finangel Ltd, Republic of Cyprus, Registration #389099