CheerCredit Privacy Policy
This Privacy Policy describes the types of Personal Data we collect, who we share it with, and how you (the user of the Service) can restrict how we use your information. It is very important to read the Privacy Policy from beginning to end. Residents of different jurisdictions may be impacted by specific provisions in different ways. By downloading CheerCredit, you agree to the following conditions:
Definitions
- Personal Data: Information that relates to an identified or identifiable individual, including but not limited to names, addresses, email addresses, financial and credit information, photos, and videos.
- Service: The CheerCredit mobile app and associated website services provided to users for credit assessment and financial transactions.
- App: The mobile application provided by CheerCredit for accessing and using the Service.
- App Site: The website associated with the CheerCredit App, through which users can access certain features or information.
- Our Sites: Refers collectively to the CheerCredit websites and online platforms associated with the Service.
- Device: The mobile device used to access the App and Service, which may include smartphones or tablets.
- SMS: Refers to the Short Message Service information that is collected from a user's device, particularly financial transaction-related messages for credit assessment purposes.
- Call Log: Refers to the record of incoming, outgoing, or missed calls that are collected from the user's device to ensure the authenticity of user interactions.
- Customer Information: Any information about the user that may be collected, including Personal Data, contact information, transaction history, SMS, Call Log, and any other information relevant to providing the Service.
Agreement by Downloading CheerCredit
"By downloading CheerCredit, I agree to the collection and processing of my Personal Data for legitimate business purposes, such as calculating my credit score. I hereby certify that all the information I have supplied is truthful and correct to the best of my knowledge, and that any misrepresentations or falsifications will be deemed an attempt to deceive CheerCredit and its partners. I give CheerCredit permission to check and investigate the aforementioned statements/information using the references and other reasonable sources as needed. For this purpose, I hereby waive my rights on the confidentiality of client information and expressly consent to the processing of any Personal Data and records relating to me that might be obtained from third parties, including government agencies, my employer, credit bureaus, business associates and other entities you may deem proper and sufficient in the conduct of my business, sensitive or otherwise, for the purpose of determining my eligibility for a credit limit which I am applying for. Furthermore, I acknowledge that whether or not CheerCredit determines my credit limit, this application, all supporting documents, and any additional information obtained in relation to this application will be used, shared with, and remain CheerCredit property. I hereby give CheerCredit my express and unrestricted permission to share any information about me with any bank, affiliate, or other financial institution. I specifically acknowledge and consent to: 1) the routine submission and disclosure of my basic credit information, as well as any updates or corrections thereto; and 2) the sharing of my basic credit information with other lenders and duly authorized credit reporting agencies.”
We might gather, employ, and distribute Customer Information. Customer Information may be requested from you directly, from a third party acting on your behalf, from other sources (including publicly available information), or it may be generated or combined with other data that is available to us or any member of CheerCredit. Customer Information may be requested by us, on our behalf or that of CheerCredit.
We may collect the following information about you, which may include non-public Personal Data:
Each time you visit one of Our Sites or use one of our Apps the information we may collect includes but is not limited to the following:
2.1 Collection of SMS
Our App collects and monitors your SMS information so as to enrich your financial profile and assist us in performing a credit risk assessment to identify your risk profile and provide you with the proper credit analysis to ensure that users meet their credit needs. In addition, this helps us to make sure that your application is safe and it is you who gets the credit limit. Therefore, before you submit your application, we need your authorization to collect SMS information, and upload them to https://www.cheercredit.cc/. We are committed to using secure data transfer protocol to encrypt data and ensure the security of information. Please feel free to use. If you do not agree, we will not perform this operation, and the application will not be able to provide normal service for you and will exit the App.
2.2 Collection of Call Log
In order to ensure account security and stop fraud, our App needs to receive your Call Log data, including phone number, name, and call time, to confirm that you are using it in a real environment and not a simulator. Therefore, we require your consent before gathering Call Log information and uploading it to https://www.cheercredit.cc/ before you submit your application. To safeguard information and encrypt data, we are committed to adopting secure data transfer protocols. Feel free to use at any time. If you do not consent, we will not carry out this action, and the application will depart without being able to deliver its usual level of service to you.
2.3 Calendar Information
We require calendar information so that you can set up a due date memo in the App after the withdrawal, which will remind you to make repayment on time. The calendar information will be uploaded to https://www.cheercredit.cc/. We will delete the calendar information after we have determined your risk profile.
2.4 Collection of Phone Number
In order to uniquely identify you, we collect your phone number, email address and social account when you sign in. This helps us ensure that no unauthorized device or person is acting on your behalf. The phone number, email address and social account will be uploaded to https://www.cheercredit.cc/.
2.5 Data Upload
To better understand your identity and ensure that users meet their credit needs. Therefore, before you submit your application, we need your authorization to collect Contact, SMS, Calendar, File, and Phone Number information, and upload them to https://cheercredit.cc/. We are committed to using secure data transfer protocol to encrypt data and ensure the security of information. Please feel free to use. If you do not agree, we will not perform this operation, and the application will not be able to provide normal service for you and exit the App.
2.6 Installed Applications
We collect your installed applications to determine whether there are malware apps in your phone in order to make sure the process is safe. Furthermore, in order to evaluate your creditworthiness and enhance your profile with pre-approved customized offers, we compile a list of the installed applications metadata information, which includes the application name, package name, installed time, updated time, version name, and version code of each installed application on your Device.
2.7 Collection of Photos and Videos
To comply with local legal requirements, we must collect and process personal identification information, including photos and videos, as part of our Know Your Customer (KYC) procedures. This ensures that we can verify our users' identities, secure transactions, and prevent fraud. All collected data will be treated with the utmost confidentiality and stored securely, accessible only to authorized personnel. We are fully committed to protecting your privacy and will handle all Personal Data in accordance with applicable privacy laws and regulations. The photos and videos will be securely uploaded to https://www.cheercredit.cc/.
2.8 Collection of Contact List
To enhance our services and safeguard user security, our App requires access to your contact list. This allows us to automatically fill in emergency contact information and identify reliable references. The more credible the references, the lower the associated risk for the user. Rest assured, only emergency contact information will be uploaded to https://www.cheercredit.cc/, and your privacy will be strictly protected.
We may collaborate with a limited number of third-party entities (including credit reference agencies, mobile network providers, and collection agencies) and receive information about you from these sources as part of providing the Service.
When you install or uninstall a Service that contains a unique application number, or when that Service searches for automatic updates, we may collect this number along with information related to your installation, such as your device's operating system.
We may occasionally send push notifications through the App to alert you of marketing messages, transaction details, or other service-related notifications that might be of interest to you. You can opt out of receiving these communications at any time by adjusting the notification settings within your device or the App itself.
We, along with our third-party service providers (such as marketing partners and analytics providers), may use tracking technologies (e.g., cookies) within the App, App Site, or Service Site to distinguish you from other users. This enhances your overall experience, enabling us to improve the App and Our Sites based on usage behavior.
We automatically collect certain information when you access the Service, similar to most websites. This includes your IP address, browser type, internet service provider (ISP), referring/exit pages, operating system, and time stamp. This log data may be used for analytics, security, marketing, and content development. We may combine this automatically gathered data with other information we collect to provide better service and insights.
We may use analytics software and tools to assess and improve the Service. These tools may collect anonymous data to help us understand how users interact with the Service. The information collected by these analytics tools may be linked to any Personal Data you provide through the App.
By uninstalling the App from your device, you revoke consent for accessing your Customer Information in the future. However, we may retain and continue using previously collected Customer Information after the uninstall for as long as necessary to fulfill the purposes for which it was collected, or as required for the establishment, exercise, or defense of legal claims, or for legitimate business purposes, as permitted by law.
We collect information to:
- Process your transactions;
- Verify your identity;
- Disburse withdrawn amounts and collect payments for your use of the Service;
- Build credit models and perform credit scoring;
- Analyze customer behavior;
- Allow our partners to fulfill their obligations to you;
- Allow us to fulfill our obligations to our partners;
- Troubleshoot problems with the Service;
- Comply with applicable laws, regulations, and rules (e.g., Know Your Customer (KYC), anti-money laundering);
- Detect and prevent fraud or other illegal activities;
- Send you marketing notices, service updates, and promotional offers;
- Contact you by phone or text message using auto-dialed or pre-recorded message calls.
We may combine and utilize any category of information we collect for the purposes specified in this Privacy Policy. The combined information will be treated as Personal Data and will not be disclosed to third parties except when necessary for the Services.
CheerCredit may transmit and disclose any Customer Information to:
We reserve the right to store and transfer the data you provide to us. Individuals who work for us or for our third-party suppliers may also process your information in order to fulfill the Service. These employees or contractors may access and process your information as necessary to carry out your requests. By providing your Personal Data, you consent to its transfer, storage, and processing as outlined in this Privacy Policy. We will take all reasonable steps to ensure your information remains secure and is used in compliance with this policy.
If we have provided you (or you have chosen) a password or PIN to access specific parts of Our Sites, you are responsible for maintaining its confidentiality. Please do not share your password with anyone. While we strive to protect your Personal Data during transmission, the internet is not completely secure. Therefore, we cannot guarantee the absolute security of your data transmitted to Our Sites; any transmission is at your own risk. Upon receipt of your information, we will employ strict security measures to safeguard against unauthorized access.
You agree to notify us in writing of any changes to your Customer Information within 30 days. If you fail to provide the requested Customer Information or consents, we reserve the right to:
We retain Personal Data for as long as necessary to fulfill the purposes for which it was collected, to defend legal claims, or as permitted by law. Once it is no longer required, we securely delete or anonymize it.
You have the right to access, update, and delete your Personal Data. You can also withdraw consent to the processing of your Personal Data at any time by contacting CheerCredit at help@cheercredit.cc. However, doing so may impact our ability to provide you with the Services.
CheerCredit may use third-party services or APIs to help deliver the Services. These services are subject to their own privacy policies, and CheerCredit is not responsible for their data practices.
We use cookies and tracking technologies to enhance user experience, track user behavior, and improve our Services. You may adjust your browser settings to reject cookies, but this may impact your use of the Service.
In the event of a data breach, we will notify affected users as required by law. We will also take appropriate steps to mitigate the breach and protect the information.
You’ll be informed of any upcoming changes to our Privacy Policy when you open the App or sign in to one of the Service Sites, as well as through this page. Send an email to help@cheercredit.cc for complaints or inquiries.