Last Updated: May 28, 2026
1. INFORMATION WE COLLECT
We collect Personal Identifiable Information (PII) and financial data to evaluate credit applications. This includes your Full Legal Name, Social Security Number (SSN), Date of Birth, Government-issued ID, employment history, and gross monthly income.
2. THIRD-PARTY DATA AGGREGATION AND PLAID
Clara Risus utilizes third-party application programming interfaces (APIs), specifically Plaid, Inc. (“Plaid”), to link your bank accounts and verify your income and employment.
By submitting your bank credentials through our portal, you grant Plaid and Clara Risus the explicit authority to access and transmit your financial data in accordance with Plaid’s Privacy Policy, available at:
Plaid Privacy Policy:
https://plaid.com/legal
3. HOW WE SHARE INFORMATION
We do not sell your personal data.
We share information strictly with essential service providers operating on our behalf, such as DocuSign for loan execution and verification services, and consumer reporting agencies as permitted by the Fair Credit Reporting Act (FCRA) and the Gramm-Leach-Bliley Act (GLBA).
4. SECURITY
We maintain commercial-grade administrative, technical, and physical safeguards designed to protect your financial and personal data using industry-standard encryption protocols both in transit and at rest.