- FCC provides financing for retailers who sell their products to buyers such as you who want to purchase a
retailer's product on credit. When you purchase a product from a retailer on credit, you submit a credit application
to the retailer and sign a retail installment sales contract (the “Contract”). If FCC chooses to purchase the Contract,
we then have all the information contained on your application and in your credit report.
- FCC also refinances certain of its existing Contracts. If FCC refinances an existing Contract
with you, the extension of credit related to the refinance is a new direct loan with FCC. If you obtain
such a loan with FCC, we may also obtain additional information from or about you (including a credit report
and your existing account information with FCC).
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FCC also acts as a service provider to certain of its affiliates in servicing Contracts that the affiliate
may have purchased from retailers who sell their products on credit. In these circumstances, FCC collects the same
type of information from its affiliate and/or the retailer about you as FCC would in the case of when it purchases a
Contract directly for itself.
When reviewing information provided to us about you as indicated above,
FCC also collects additional information that may include:
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Reports from outside sources that would assist us in the evaluation and verification of
information contained in your credit application, such as reports from any references
given in your application, including employers, financial institutions, investment brokers,
or educational institutions, as well as reports from companies with whom you had business or
credit relationships that describe those relationships, account balances and payment/performance history.
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Reports from credit reporting agencies providing account balances, payment history and demographic data information.
Disclosure Policy
Within Franklin Templeton Investments:
To better service your account and process transactions or services you’ve requested, we may share
information with other companies within Franklin Templeton Investments. From time to time, we may
also send you information about products/services offered by other Franklin Templeton Investments’
companies although we will not share your non-public personal information with these companies for
marketing purposes. We do not, however, share information received from credit reporting agencies
or other outside sources regarding your creditworthiness with our affiliates.
Outside of Franklin Templeton Investments:
We do not share non-public personal information with companies outside of Franklin Templeton
Investments except as is expressly permitted by law. We do not share information received from
credit reporting agencies or other outside sources regarding your creditworthiness with outside parties.
Below are some examples of third parties to whom we may disclose non-public personal information. While these examples do not
cover every situation permitted under the law, we hope they help you understand how your information may be shared.
We may share non-public personal information:
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With companies that work for us to service your account, or to provide services or process
transactions you've requested. For example, we may use companies to assist us with mailing
statements, processing checks, or providing online or account maintenance capabilities.
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With third parties whom you have authorized us to share information with.
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When permitted or required by law, such as in response to a subpoena or other legal process,
or with government regulators that have jurisdiction over us.
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With marketing service providers who market our products and services for us.
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With financial institutions with whom we have entered into an agreement to
jointly market our financial products and services.
Whatever the reason for sharing information, FCC requires strict confidentiality by the
receiving parties to limit the use of the information to the purpose for which it was disclosed.
Confidentiality and Security:
Our employees are required to follow procedures with respect to maintaining the confidentiality of
customer information. Additionally, we maintain physical, electronic and procedural safeguards to
protect our customer’s non-public personal information. These include performing ongoing evaluations
of our systems containing customer information and making changes when appropriate.
We'll Update You Annually:
We will send you our privacy statement annually for as long as you maintain an ongoing relationship with us.
Periodically we may revise our privacy statement, and will provide you with a revised notice if the changes
materially alter the previous privacy statement. We will not, however, revise our privacy statement to permit the
sharing of non-public personal information other than as described in this notice unless we first notify you
and provide you with an opportunity to prevent the information sharing.
Thank you for allowing us to provide you with the financial products and
services you need.
Sincerely,
Jordan L. Cheng
Vice President
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