Privacy policy - kredit7-24.lv

1. Data Controller

Kredit 7/24 SIA

Registration No.: 40103564184

Legal address: Cēsu iela 31 k.3, Riga, LV-1012, Latvia

Phone: +371 27720055

Email: info@kredit7-24.lv

2. General Provisions

Kredit 7/24 SIA (hereinafter – the “Company”) provides lending services and processes personal data in accordance with Regulation (EU) 2016/679 (GDPR), the Personal Data Processing Law of the Republic of Latvia, and other applicable legislation.

This Privacy Policy explains what personal data the Company collects, how it is processed, protected, and what your rights are.

3. Data Collected

When submitting a loan application, the Company may collect the following personal data:

Full name
National identification number
Contact information (phone number, email address, residential address)
Financial information (income, employment, existing liabilities)
Bank account details
Information from credit registers and other data sources

4. Purposes and Legal Basis of Processing

4.1. Performance of a contract (GDPR Art. 6(1)(b)):

Review of loan application and creditworthiness assessment
Conclusion and administration of the loan agreement
Payment processing

4.2. Legal obligation (GDPR Art. 6(1)(c)):

Anti-money laundering compliance
Customer identification (KYC)
Reporting to regulators

4.3. Legitimate interests (GDPR Art. 6(1)(f)):

Fraud prevention
Protection of the Company’s legal claims

5. Data Retention

Personal data is retained for as long as necessary to achieve the processing purpose, but not longer than:

5 years after termination of the agreement – financial data
10 years – data required for fulfilling legal obligations

6. Data Sharing

The Company may share personal data with:

Credit registers (Credit Register of the Bank of Latvia, etc.)
State authorities (law enforcement, FCMC, etc.) as required by law
Processors providing IT, accounting, and legal services

Data is not transferred to third countries outside the EEA without ensuring an adequate level of protection.

7. Your Rights

Under the GDPR you have the right to:

Access your personal data
Rectify inaccurate data
Erasure (“right to be forgotten”) – where not in conflict with legal obligations
Restriction of processing
Object to processing
Data portability
Lodge a complaint with the Data State Inspectorate (www.dvi.gov.lv)

8. Cookies

The website may use technical cookies necessary for its operation. By visiting the website, you consent to the use of essential cookies.

9. Contact Us

For any questions regarding personal data processing, please contact us: