Terms and Conditions

FIIZY Ltd.

Toom-Kooli 1

10130, Tallinn

CIF EE101731184

info@solcredit.com

The website (hereinafter "Website") is the property of FIIZY Ltd. (Registration No.: 12694462, with the address: Toom-Kooli 1, Tallinn, 10130, Estonia). The Website collects financial proposals from third parties in the field of quick loans. FIIZY Ltd. does not provide financial services on your behalf. By providing your personal information on the Website and using our services you accept and agree to comply with all the Conditions mentioned below. Please read these Terms and Conditions. If you do not agree with them, please do not provide your personal information on the Website. All products and services of FIIZY Ltd. are subject to these Terms of Use of the Website.

Informative Purposes of the Website

This Website is created for informational purposes only and does not constitute an offer to use the products or services mentioned on this Website. FIIZY Ltd. assumes no responsibility for your decisions, based on the information presented on this Website. Likewise, we are not responsible for any damage that may be caused by the use of the information displayed on this Website.

Terms and Conditions of Use

You agree not to use any material on this Website that may contain viruses, malware or any harmful component and in no way modify the content of the Website. This Website is only intended for people of legal age who have access to it from the national territory of the United States of America. In this regard, we cannot guarantee that this Website and all the information displayed are in accordance with local laws, regulations or restrictions and are suitable for use elsewhere. Users who have access to the Website from outside the national territory of the United States of America must know and comply with the corresponding rules, regulations and restrictions. You agree that you are solely responsible for the use of the Website by any user who has access to it from your computer, as well as the fact that you or said user comply with these Terms. You agree to notify FIIZY Ltd. immediately of any unauthorized use of your address or your registered email address in our database or of any other security breach, including that of your equipment. By providing your personal information on this Website you agree that this information will not be confidential, which provides us with a perpetual and exclusive license for the use, publication, reproduction, modification, adaptation and public display, as well as its complete or partial translation, in accordance with the basic principles of this Privacy Policy. We reserve the right to remove any information you provide on this Website without notice.

Applicable Legislation

Solcredit fully abides by the legislation in force in the United States of America.

Waiver and Limitation of Liability

FIIZY Ltd. takes all necessary measures to guarantee the relevance of the content of the Website. This Website may contain links from third parties. FIIZY Ltd. does not guarantee or assume responsibility for the accuracy, consistency, timeliness or integrity of the content of third-party information on this Website and is not responsible for any damages resulting from the use of its content. FIIZY Ltd. reserves the right to deactivate this Website without prior notice. The information on this Website is for informational purposes only and does not constitute recommendations for the use of all the services offered on the Website. FIIZY Ltd. is not responsible for any direct, incidental, consequential, indirect or criminal damages that may arise from the access or use of any content on this Website, including viruses, regardless of the accuracy or completeness of said content. The information on this Website is provided "as is" and "as available". FIIZY Ltd. does not guarantee that this Website will operate without interruption or be error-free.

Changes

We reserve the right to change these Terms and Conditions at any time without prior notice. You are solely responsible for and agree to periodically reviewing the Terms and Conditions of this Website, as well as consulting the most recent information. If you use the Website after changes have been made, it means that you agree to the new Terms and Conditions. It is recommended from time to time to print and save a copy of the Terms and Conditions related to our services from which you benefit.

Third-party Websites

Links from this Website to third-party websites are shown for informational purposes only. We are not responsible for their content, since we do not check these websites. You are solely responsible for the use of links to other web pages that are displayed on our Website. We suggest you read the conditions of use of these pages.

Copyright of FIIZY Ltd.

The copyright, information, materials and their publication on this Website are our property, unless otherwise indicated. We reserve all copyrights, trademarks, patents and other intellectual property rights related to the information and materials published on the Website. You can print, copy, download or temporarily store fragments of this Website for your personal use or to use our products and services. You have no right to make any changes. Any other use of the information and materials on this Website, including its use on other websites, as well as any mention of FIIZY Ltd., is prohibited without our prior written permission. Except as mentioned above, you cannot use any signs, logos or trademarks of FIIZY Ltd.

Data Protection

FIIZY Ltd. informs the user that, in accordance with the protection of personal data laws mentioned below, FIIZY Ltd. is committed to treating any information freely provided by the user through the various forms on the Website with maximum privacy, confidentiality and security. In each of these forms the purpose and use of the data are reported in detail. The data collected is appropriate, relevant and not excessive in relation to the scope, purposes and services determined explicitly and legitimately by FIIZY Ltd. Notwithstanding the foregoing, any data processing may be revoked at any time by the affected user by exercising their rights. The user may exercise the rights of access, rectification, cancellation and opposition to the processing of their personal data by directing a written communication to the aforementioned address or by contacting us through the following email address: info@solcredit.com. The user is solely responsible for the accuracy of the data provided to FIIZY Ltd. The user undertakes not to enter false data. In the event that a user enters false data or that of another person without their consent, FIIZY Ltd. is not responsible for the ramifications. By accepting the legal conditions of FIIZY Ltd., the user is informed that the data completed in the web form www.solcredit.com and authorized by the user can be transferred to companies that offer microloans and therefore access user data in order to process the loan requested by the user.

Some of the most prominent federal privacy laws include, without limitation, the following:

  • The Federal Trade Commission Act (15 U.S.C. §§41-58) (FTC Act) is a federal consumer protection law that prohibits unfair or deceptive practices and has been applied to offline and online privacy and data security policies. The FTC has brought many enforcement actions against companies failing to comply with posted privacy policies and for the unauthorized disclosure of personal data. The FTC is also the primary enforcer of the Children's Online Privacy Protection Act (COPPA) (15 U.S.C. §§6501-6506), which applies to the online collection of information from children, and the Self-Regulatory Principles for Behavioral Advertising.
  • The Financial Services Modernization Act (Gramm–Leach–Bliley Act (GLB)) (15 U.S.C. §§6801-6827) regulates the collection, use and disclosure of financial information. It can apply broadly to financial institutions such as banks, securities firms and insurance companies, and to other businesses that provide financial services and products. GLB limits the disclosure of non-public personal information, and in some cases requires financial institutions to provide notice of their privacy practices and an opportunity for data subjects to opt out of having their information shared. In addition, there are several Privacy Rules promulgated by national banking agencies and the Safeguards Rule, Disposal Rule, and Red Flags Rule issued by the FTC that relate to the protection and disposal of financial data.
  • The Health Insurance Portability and Accountability Act (HIPAA) (42 U.S.C. §1301 et seq.) regulates medical information. It can apply broadly to healthcare providers, data processors, pharmacies and other entities that come into contact with medical information. The Standards for Privacy of Individually Identifiable Health Information (HIPAA Privacy Rule) (45 C.F.R. Parts 160 and 164) apply to the collection and use of protected health information (PHI). The Security Standards for the Protection of Electronic Protected Health Information (HIPAA Security Rule) (45 C.F.R. 160 and 164) provides standards for protecting medical data. The Standards for Electronic Transactions (HIPAA Transactions Rule) (45 C.F.R. 160 and 162) apply to the electronic transmission of medical data. These HIPAA rules were revised in early 2013 under the HIPAA “Omnibus Rule”.
  • The HIPAA "Omnibus Rule" also revised the Security Breach Notification Rule (45 C.F.R. Part 164), which requires covered entities to provide notice of a breach of protected health information. Under the revised rule, a covered entity must provide notice of acquisition, access, use, or disclosure of PHI in a manner not permitted under the Privacy Rule, unless the covered entity or business associate demonstrates that there is a low probability that the protected health information has been compromised.
  • The Fair Credit Reporting Act (15 U.S.C. §1681) (and the Fair and Accurate Credit Transactions Act (Pub. L. No. 108-159), which amended the Fair Credit Reporting Act) applies to consumer reporting agencies, those who use consumer reports (such as a lender) and those who provide consumer reporting information (such as a credit card company). Consumer reports are any communication issued by a consumer reporting agency that relates to a consumer's creditworthiness, credit history, credit capacity, character, and general reputation, and which is used to evaluate a consumer's eligibility for credit or insurance.
  • The Controlling the Assault of Non-Solicited Pornography and Marketing Act (CAN-SPAM Act) (15 U.S.C. §§7701-7713 and 18 U.S.C. §1037) and the Telephone Consumer Protection Act (47 U.S.C. §227 et seq.) regulate the collection and use of e-mail addresses and telephone numbers, respectively.
  • The Electronic Communications Privacy Act (18 U.S.C. §2510) and the Computer Fraud and Abuse Act (18 U.S.C. §1030) regulate the interception of electronic communications and computer tampering, respectively. A class action complaint filed in late 2008 alleged that internet service providers (ISPs) and a targeted advertising company violated these statutes by intercepting data sent between individuals' computers and ISP servers (known as deep packet inspection).

Responsible Lending Policy

Solcredit does not provide a loan service, nor do we represent or endorse any specific lender. We are focused on using smart fintech (financial technology) to find the best credit solutions for consumers by giving them access to different lender offers in just one application. To this end, our lender network consists of reputable loan providers following federal, state and local laws, fair and responsible lending practices, and the best practices in the industry. Solcredit does not provide or approve any loan at any moment. The applicant can use Solcredit to get a preview of offers without actually applying for any. The applicant is entitled to withdraw their request for a loan comparison at any time, with no obligation.

Fair Debt Collection Practices Act

We strictly insist that our lenders follow the guidelines put in place by the Fair Debt Collection Practices Act. We are not a lender, so we will never make any attempt to collect a debt from you. However, our lenders have the right to use all lawful means available to them to collect your debt if your loan is unpaid. However, they must follow the guidelines of the Fair Debt Collection Practices Act when doing so. These are examples of major actions deemed as violations:

•Using any harmful, oppressive, foul or harassing language or tactics in order to collect a debt;

•Attempting to contact debtors before 9 a.m. or after 8 p.m. in their local time zones;

•Using deception, falsifying information or misrepresenting a company in order to collect a debt;

•Threatening criminal charges or any legal action when such legal action is not warranted.

Any lender within our network found to be in violation of these guidelines will be immediately removed from our network and reported to law enforcement authorities.

Fair Lending Act

The purpose of the Fair Lending Act is to ensure that all consumers have equal access to credit despite their age, race, creed, gender, religion or other non-financial factor. The Act ensures that consumers are not discriminated against and that they have access to loans and other forms of consumer credit as long as these consumers can meet the legal and financial guidelines associated with obtaining such credit. If you feel that you are a victim of discrimination, please contact the Equal Opportunity and Fair Lending Office of your local Consumer Financial Protection Bureau.

Truth in Lending Act

The Truth in Lending Act was established to ensure that consumers have all of the information about an offer of credit available to them in writing before they take any responsibility and e-sign any contract or decide to extend any credit. Lenders are required to disclose information about the rates, fees, interest and terms associated with loans before they provide any credit to any consumer. Each state has its individual regulations regarding short-term lending, and lenders are required to ensure that all offers are in accordance with these regulations.

State Regulations

Many states have implemented their own regulations for the short-term lending industry in an effort to protect consumers. Some of the things individual states regulate include the maximum loan amounts, fees and interest, the number of rollovers that are available, and more. There you can find links to governmental websites with detailed explanations on short-term loan regulations and up-to-date rate limits in different states.

State Privacy Laws

Most states have enacted some form of privacy legislation; however, California is leading the way in the privacy arena, having enacted multiple privacy laws, some of which have far-reaching effects at a national level.

California was the first state to enact a security breach notification law (California Civil Code §1798.82). The law requires any person or business that owns or licenses computerized data that includes personal information to disclose any breach of the security of the system to all California residents whose unencrypted personal information was acquired by an unauthorized person.

Most of the early state security breach notification laws mirrored California's law, and tended to be reactive, meaning that they established requirements for responding to a security breach. More recently, a number of states have enacted more prescriptive and preventive laws, meaning that these laws are more stringent and actually establish requirements in order to avoid a security breach. The best example of a preventive type of law is the Massachusetts Regulation (201 CMR 17.00), which prescribes in considerable detail an extensive list of technical, physical and administrative security protocols aimed at protecting personal information that affected companies must implement into their security architecture, and describe in a comprehensive written information security programme.

As of March 28, 2018, all 50 states, as well as the District of Columbia, Puerto Rico, and the US Virgin Islands, have enacted laws requiring notification of security breaches involving personal information.

New laws and proposed amendments are constantly proliferating, as technological threats change and progress toward uniform federal legislation stalls. For example, California is seeing the implementation of a variety of data privacy laws and amendments it enacted in 2015 including:

  • The California Electronic Communications Privacy Act (S.B. 178), which severely limits the ability of government authorities to seek electronic communication information for law enforcement purposes;
  • Several amendments to security breach notification law. S.B. 570 amends the required content of security breach notices, requiring that notices clearly and conspicuously display certain prescribed headings. A.B. 964 now defines the term ''encrypted'' for the purposes of California's breach notification law as ''rendered unusable, unreadable, or indecipherable to an unauthorized person through a security technology or methodology generally accepted in the field of information security". Both amendments went into effect on 1 January 2016;
  • A.B. 1541, which amends the definition of ''personal information'' in the state's data privacy statute to include:
    • a username or e-mail address combined with a password or security question and answer for access to an online account; and
    • health insurance information.