Lendsqr’s terms of use outline the legal agreement between you and Lendsqr when using our services. It covers everything from acceptable use and age restrictions to how we resolve disputes, manage risk, and ensure compliance with the law. If you’re a lender, the terms clarify that while Lendsqr provides tools for loan origination, credit scoring, and recovery, we do not guarantee borrower repayment.
The Privacy Policy explains how we handle your data. We outline your rights to request data deletion, withdraw consent, and show how we collect, store, and share your personal information (e.g., with payment providers or credit bureaus).
Take for instance, a lender using Lendsqr’s platform issues loans to multiple customers and needs to verify each borrower’s identity and creditworthiness. While Lendsqr facilitates this via credit bureau integrations, the Terms of Use make it clear that the lender bears the final responsibility for disbursed loans. Meanwhile, the Privacy Policy protects borrower data like contact information and repayment history and gives users the option to request deletions or corrections at any time.
Read further: Signing Up On Lendsqr