Privacy

1. General Provisions

We respect your privacy and are committed to protecting your personal information.

This Privacy Policy explains how Soscredit.ph collects, uses, stores, shares and protects personal information when you use our website, submit a loan application, contact us or use our services. This Privacy Policy is prepared with reference to the applicable data privacy laws and regulations.

Soscredit.ph operates as a loan broker and online loan comparison platform. We are not a direct lender and we do not issue loans ourselves. Loan approval, loan amount, repayment terms, fees and payout time are determined by the relevant lending partner, if and when such lending partners are available.

2. Personal Information Controller

The personal information controller responsible for the processing of personal information through Soscredit.ph is:

SIA Schaefer
Registration number: 50103412751
Registered address: Lielā 2B, Saldus, LV-3801, Latvia
Website: www.soscredit.ph

In this Privacy Policy, "Soscredit.ph", "we", "us" or "our" refers to the company operating the Soscredit.ph website and services.

3. Definitions

User / Client / You - a natural person who visits the website, submits an application, contacts us or uses our services.

Personal Information - any information from which the identity of an individual is apparent or can be reasonably and directly ascertained, or any information which, when put together with other information, can identify an individual.

Sensitive Personal Information - personal information that is classified as sensitive under applicable Philippine data privacy laws, including certain government-issued identification details, financial information or other information that may require a higher level of protection.

Processing - any operation performed on personal information, including collection, recording, storage, use, modification, disclosure, sharing, deletion or destruction.

Application - an online form submitted through Soscredit.ph for the purpose of requesting loan offers or comparing available loan options.

Services - the online loan comparison and loan brokerage services provided through Soscredit.ph.

Lending Partners - third-party lenders, financing companies, banks, loan providers or other financial service providers that may cooperate with Soscredit.ph in the future to provide loan offers to users.

Website - www.soscredit.ph.

4. Soscredit.ph as a Loan Broker

Soscredit.ph is a loan broker and comparison platform. Our role is to help users submit a loan request and compare available loan offers from lending partners.

We do not provide loans directly, we do not guarantee approval, and we do not make the final credit decision. Any final loan decision, including approval, rejection, loan amount, interest, fees, repayment schedule and payout method, is made by the relevant lending partner.

At the moment, Soscredit.ph does not have active lending partners. However, we plan to add lending partners over time. Once lending partners are added, we may share application information with those partners only where it is necessary to provide the service, where the user has been properly informed, and where there is a lawful basis for doing so.

5. Legal Basis for Processing Personal Information

We process personal information only when we have a lawful and legitimate basis to do so. Depending on the situation, we may process personal information based on:

  1. your consent;
  2. the need to provide the requested service or take steps before providing the service;
  3. compliance with applicable legal or regulatory obligations;
  4. our legitimate business interests, provided that such interests do not override your rights and freedoms;
  5. the need to protect our rights, users, systems and website security.

Where processing is based on consent, you may withdraw your consent at any time. Withdrawal of consent does not affect the lawfulness of processing carried out before the withdrawal.

6. Personal Information We May Collect

Depending on the service you use, the application form you complete and the information required to process your request, we may collect the following categories of personal information:

6.1 Identification Information

  • first name;
  • last name;
  • date of birth.

6.2 Contact Information

  • mobile phone number;
  • email address.

6.3 Website and Technical Information

When you visit our website, we may automatically collect technical information, such as:

  • IP address;
  • device type;
  • browser type;
  • operating system;
  • pages visited;
  • date and time of visit;
  • website actions;
  • cookies and similar technologies.

For more information, please see our Cookie Policy.

6.4 Communication Information

If you contact us, we may process:

  • your name;
  • email address;
  • phone number;
  • message content;
  • communication history;
  • complaint or inquiry details;
  • any documents or information you provide to us.

7. Why We Process Personal Information

We may process your personal information for the following purposes:

7.1 To Provide Our Loan Comparison Service

We process personal information to:

  • receive and process your loan request;
  • assess which loan categories may be relevant to your request;
  • help you compare available loan options;
  • connect your request with lending partners, when such partners become available;
  • communicate with you about your application;
  • provide information about the status of your request.

7.2 To Operate as a Loan Broker

When lending partners are available, we may process and share application data in order to help you receive loan offers from those partners.

Soscredit.ph does not make the final lending decision. Lending partners may separately process your personal information under their own privacy policies and legal obligations.

7.3 To Communicate with You

We may use your contact details to:

  • respond to your questions;
  • send application-related messages;
  • provide customer support;
  • notify you about technical or service-related matters;
  • handle complaints or requests.

7.4 To Improve Our Services

We may analyze service usage and user behavior to:

  • improve the website;
  • improve the application process;
  • make the service easier to use;
  • identify technical issues;
  • improve customer support;
  • improve content and user experience.

7.5 For Website Security and Fraud Prevention

We may process technical and usage data to:

  • protect the website from misuse;
  • detect suspicious activity;
  • prevent fraud;
  • investigate security incidents;
  • maintain system logs;
  • ensure website availability and security.

7.6 For Marketing Communications

If you give your consent, we may send you:

  • commercial messages from Soscredit.ph;
  • updates about loan offers;
  • information about lender promotions, bonuses or special offers, once lending partners are available;
  • general information related to loans and financial services.

You can withdraw your consent and unsubscribe from marketing communications at any time.

8. Current Status of Lending Partners

As of the effective date of this Privacy Policy, Soscredit.ph does not have active lending partners.

This means that your personal information is not currently shared with any lender for the purpose of receiving a loan offer, unless this is clearly stated to you and you have been properly informed.

In the future, Soscredit.ph may cooperate with banks, financing companies, lending companies, loan providers or other financial service providers in the Philippines. When such lending partners are added, this Privacy Policy may be updated, and users will be informed where required.

Once lending partners are available, your application information may be shared with relevant lending partners for the purpose of reviewing your application and providing loan offers. We will not share your personal information with unrelated lending partners where your application does not apply.

9. Lending Partners and Third-Party Lenders

When lending partners are added, they may process personal information as separate personal information controllers under their own privacy policies.

Before accepting any loan offer, you should carefully review the relevant lender’s:

  • loan terms;
  • privacy policy;
  • fees and charges;
  • interest rate;
  • repayment schedule;
  • penalties;
  • total repayment amount.

Soscredit.ph is not responsible for the final lending decision, lender approval, payout time, lender fees or repayment conditions.

10. Sharing of Personal Information

We may share personal information only when necessary and where there is a lawful basis to do so.

Personal information may be shared with:

10.1 Lending Partners

When lending partners are available and where necessary to provide the requested service, we may share your application information with relevant lending partners.

10.2 Service Providers

We may use third-party service providers to support our website and services, including:

  • website hosting providers;
  • cloud storage providers;
  • email service providers;
  • SMS or communication providers;
  • analytics providers;
  • security service providers;
  • customer support tools;
  • accounting, legal or compliance service providers;
  • technical development and maintenance providers.

These service providers may process personal information only as necessary to provide services to us and must apply appropriate data protection measures.

10.3 Authorities and Legal Requests

We may disclose personal information to government authorities, regulators, courts, law enforcement agencies or other authorized bodies where required by law or where necessary to protect our rights, users or services.

11. International Data Transfers

Some of our service providers may store or process data outside the Philippines. Where personal information is transferred internationally, we will take reasonable steps to ensure that appropriate safeguards are in place and that the transfer is consistent with applicable data privacy requirements.

This may include contractual protections, security requirements and other measures designed to protect your personal information.

12. Data Retention

We retain personal information only for as long as necessary for the purposes described in this Privacy Policy, unless a longer retention period is required or permitted by law.

Retention periods may vary depending on the type of data and the purpose of processing.

12.1 Application Data

Application data may be stored for as long as necessary to process the application, provide the requested service, handle inquiries, meet legal requirements or protect our legitimate interests.

12.2 Marketing Data

If you consent to marketing communications, your contact details may be stored until you withdraw your consent or unsubscribe.

12.3 Website and Technical Data

Website usage data, cookies and technical logs may be stored for up to 26 months, unless a longer period is necessary for security, fraud prevention, incident investigation or legal purposes.

12.4 Communication Data

Customer support messages, complaints and inquiries may be stored for as long as needed to resolve the matter and protect our legitimate interests.

When personal information is no longer needed, we will delete, anonymize or securely destroy it.

13. Automated Processing and Profiling

Soscredit.ph may use automated tools to help filter or route applications based on information provided by users and the requirements of lending partners, once such partners are available.

This type of processing may help determine which lending partners may be relevant for a particular application.

Soscredit.ph does not make the final automated decision to approve or reject a loan. Final loan decisions are made by the relevant lending partner.

14. Data Security

We implement reasonable and appropriate organizational, technical and physical security measures to protect personal information against accidental or unlawful destruction, loss, alteration, unauthorized disclosure, unauthorized access or other unlawful processing.

These measures may include:

  • access control and user permission management;
  • restriction of access to authorized persons only;
  • secure data transmission using HTTPS/TLS;
  • encryption where appropriate;
  • system logs and activity monitoring;
  • backup and recovery procedures;
  • regular system maintenance and security updates;
  • internal confidentiality requirements;
  • contractual data protection requirements for service providers.

Although we take reasonable steps to protect personal information, no system can guarantee absolute security. We continue to improve our security measures based on risk level and service development.

15. Your Responsibilities

You are responsible for ensuring that the personal information you provide is accurate, complete and up to date.

You should not provide information about another person unless you are legally authorized to do so.

You should review loan terms carefully before accepting any offer from a lending partner.

You should borrow responsibly and only apply for a loan if you understand the repayment obligations.

16. Your Rights as a Data Subject

Subject to applicable law, you may have the following rights regarding your personal information:

  1. the right to be informed about how your personal information is collected and processed;
  2. the right to access your personal information;
  3. the right to object to the processing of your personal information;
  4. the right to request correction of inaccurate or outdated personal information;
  5. the right to request erasure or blocking of personal information;
  6. the right to data portability, where applicable;
  7. the right to withdraw consent, where processing is based on consent;
  8. the right to file a complaint with the National Privacy Commission;
  9. the right to claim damages where provided by applicable law.

These rights may be subject to legal limitations, verification requirements and legitimate grounds for continued processing.

17. How to Exercise Your Rights

To exercise your rights, please contact us at:

Email:info@soscredit.ph

When you submit a request, we may ask you to verify your identity to protect your personal information and prevent unauthorized access.

We will review your request and respond within a reasonable period, in accordance with applicable data privacy laws.

18. Marketing Consent and Unsubscribing

If you agree to receive marketing communications, we may send you commercial messages, offers and general information by email, phone, SMS or other communication channels.

You may withdraw your consent at any time by:

  • using the unsubscribe option in our message;
  • contacting us by email;
  • following any other withdrawal method provided in the communication.

After unsubscribing, your contact details will be removed from the marketing database, unless we are legally required or otherwise allowed to retain certain information.

19. Cookies

Soscredit.ph uses cookies and similar technologies to operate the website, improve functionality, analyze website traffic and improve user experience.

For more information about how cookies are used, please see our Cookie Policy.

20. Links to Third-Party Websites

Our website may contain links to third-party websites, including websites of future lending partners or service providers.

We are not responsible for the privacy practices, content or security of third-party websites. We recommend that you read the privacy policy of any third-party website before providing personal information.

21. Changes to This Privacy Policy

We may update this Privacy Policy from time to time to reflect changes in our services, legal requirements, lending partner arrangements or data processing practices.

The latest version of the Privacy Policy will be published on the website.

If changes are significant, we may provide additional notice where required by law.

22. Contact Information

If you have any questions about this Privacy Policy or the processing of your personal information, please contact us:

Email:info@soscredit.ph
Website:www.soscredit.ph

23. Complaints

If you believe that your personal information has been processed unlawfully or that your data privacy rights have been violated, you may contact us first so we can review and address your concern.

You may also file a complaint with the National Privacy Commission of the Philippines.