Information We Collect
AltFTool Personal Loans operates as an educational discovery and rate comparison platform. We collect only the minimal information necessary to deliver personalized personal loan rate estimates ($1,000 to $100,000):
- Inquiry Data: Requested loan amount, intended loan purpose (e.g. debt consolidation, home improvement, major purchase, emergency), and target repayment term.
- Self-Reported Credit Tier: Approximate credit range (e.g. Excellent, Good, Fair, Rebuilding) used strictly for preliminary APR matching.
- Telemetry & Usage: Anonymized browser diagnostics, timestamp headers, and feature interaction metrics to optimize comparison calculator speed.
How We Use Inquiry Data
Your financial parameters are processed exclusively to compute mathematical estimates, calculate potential monthly payments, and present eligible fixed-rate offers:
- To calculate estimated monthly amortization, APR ranges, and total repayment schedules.
- To route pre-qualified estimates to relevant lending partners only when you explicitly request offers.
- To maintain regulatory audit logs and verify consent integrity.
Soft Inquiries & Credit Protection
Checking personalized rates and exploring personal loan options through AltFTool uses soft credit inquiries. Soft inquiries are visible only to you on your credit report and have zero impact on your credit score.
If you choose to accept an offer and complete a formal application directly with a chosen lender, that lender will conduct a standard hard credit inquiry with your explicit authorization.
Communications & Notifications
When you submit your email for a personalized rate sheet or follow-up summary:
- We send exactly what you requested and do not inundate your inbox.
- We do not share your contact address with marketing brokers or telemarketers.
- Every communication includes an instant, 1-click unsubscribe mechanism.
Your Rights (GDPR, CCPA & CPRA)
Under global and state privacy frameworks, you retain complete authority over your information:
- Right to Know: Request full disclosure of any data points associated with your session.
- Right to Delete: Request permanent deletion of all stored inquiry records.
- Right to Opt-Out: Opt out of telemetry analytics at any time.
Data Retention & Contact
Session records are retained only as long as necessary to complete your rate calculation or satisfy statutory compliance requirements. For privacy inquiries, contact our Data Protection Officer at privacy@altftools.com.