This Privacy Policy describes BMG Money, Inc. ("BMG", "we" or "us") policies and procedures on the collection, use and disclosure of your information on www.bmgmoney.com (the "Site"). We want you, our customer, to understand how we collect and use data about your Site visit, specifically the portions of the Site that require you to register and/or log in to gain access. The Privacy Policy below identifies what information the Site collects, and how it is used.
By registering and using our services on the Site, you voluntarily and willingly provide us certain information, including personally identifiable information, which we collect in order to provide BMG’s services. We collect personal and financial information while you use the Site, and most of this collection occurs during registration and the loan application process. If you have any hesitation about providing us with information, which may be used in the manners permitted in this Privacy Policy and the Terms of Use, you should not register, or use our services, or access our Site; if you are already registered, you should close your online account.
Anonymous Information. We may collect two types of information through this Site: anonymous information and personally identifiable information. Anonymous data regarding the use of the Site does not identify individual users by itself or in combination with other information. The anonymous data we collect can include information such as the type of browser you are using, IP address, geographical location, the pages you view, and the length of your visit to the Site. We gather this anonymous information to improve the performance of the Site, the services provided on our Site, and the information we provide. The linkage between your IP address and your personally identifiable information is not shared with third parties without your permission, except as described in this Privacy Policy.
Personally Identifiable Information. We may also ask you to provide personally identifiable information ("PII") on the Site, which may include, but is not limited to, your name, address, telephone number, date of birth, social security number, employer name, and email address. This information can be gathered when you send us an email, or when you complete the specific web page registration form, or the loan application. In all cases, you choose whether to provide us with the PII, but without the requested PII, certain portions of the Site may not be available to you, or we may not be able to effectively respond to your inquiries.
My Account. In order to use our services on the Site, you must provide us the following information to create an account: your first and last name, your email address, phone number, and a password. Like other passwords, you should choose one that is known only by you. We will also collect your birth date to determine if you are of legally sufficient age to use the BMG services. We may also ask you to provide additional personal information regarding your customer account with BMG. This additional information may include existing account numbers, social security number, bank account numbers and so forth.
Surveys and Feedback. If you voluntarily submit information to us, including survey participation, feedback, and information request responses, we will collect the information you submit. In each case, you will know the data we collect, because you have actively submitted it. We will use the data you voluntarily submit to us for the purposes we describe in this Privacy Policy, as well as any purposes that we describe to you when we collect such information.
If you visit our Site, we may place a small data file on your computer (often called a "cookie") when you login to identify and enhance your web usage on our Site. In addition, we may use cookies to display relevant advertising or recommendations to you when you visit our Site. You are free to decline cookies, but by doing so, you may not be able to use certain features on the Site, or take full advantage of all of our offerings. Check the "Help" menu of your browser to learn how to change your cookie preferences.
The personal information we collect comes from the following sources:
We may disclose any of the above information that we collect to affiliates and nonaffiliated third parties as described below.
Affiliates to Whom We May Disclose Personal InformationOur affiliates are the family of companies controlling, controlled by, or under common control with BMG. We may disclose your personal information to affiliates in several different businesses, including banking, consumer finance, insurance and securities. Our affiliates include those doing business under the BMG name, such as LoansAtWork. Our ability to share information with our affiliates may help us provide you with our products and services because such affiliates may assist us in the delivery of our products and services to you We do not share your information with our affiliates for them to market to you, or for their purposes, however, if such sharing involves the marketing of our products and services to you, it may include joint marketing between BMG and one of our financial services affiliates.
Nonaffiliated Third Parties to Whom We May Disclose Personal InformationNonaffiliated third parties are those not part of the family of companies controlling, controlled by, or under common control with BMG. We may disclose personal information (except your account number and/or access codes) about you to the following types of nonaffiliated third parties: (1) Financial services providers, such as companies engaged in banking, credit cards, consumer finance, securities, and insurance businesses; and (2) Non-financial companies, such as companies engaged in direct marketing, or any service providers which directly assist us in the delivery of our financial services to our customers.
Uses by BMG. BMG may use the personal information you provide through the Site in a manner that is consistent with this Privacy Policy and as permitted by law. We use the information collected through the Site for statistical purposes, for improving the Site, for providing BMG services, and for marketing.
We may disclose PII in order to respond to a subpoena, court order, law enforcement agency request, or as required by law. We may also disclose your personal information to third parties as permitted by law, such as disclosures necessary to process and service your loan or loans, to protect against fraud, and to protect the security or confidentiality of our records.
We may provide your PII to a third party if we file for bankruptcy, or there is a transfer of our assets or ownership in connection with proposed or consummated corporate reorganizations, such as mergers, acquisitions or sales of business units.
Uses by Third Parties. We do not provide your PII to third parties for their marketing purposes, whether obtained through short code program or otherwise. We may, however, provide your PII to third party companies for the sole purpose of assisting us in the delivery of our products and services to you.
We take reasonable steps to protect the personal information submitted to us, both during transmission and once it is received. However, no method of transmission over the Internet, or method of electronic storage, is 100% secure. Therefore, while we strive to protect your personal information, we cannot guarantee its absolute security. You are responsible for maintaining the confidentiality of your login information, including user name and password. You are responsible for all uses of your password, whether or not authorized by you. You must inform us immediately of any unauthorized online access of your user name or password.
Please be aware that our Site may contain links to other sites on the Internet that are owned and operated by third parties. The information practices of linked websites are not covered by this Privacy Policy. BMG is not responsible for the privacy policies of the websites to which this Site links. If you provide any information to third parties, different rules regarding the collection and use of your PII may apply. We strongly suggest you review third party privacy policies before providing your personal information.
BMG understands the importance of protecting children’s privacy in the online world. The Site covered by this Privacy Policy is neither designed for, nor intentionally targeted to children 17 years of age or younger. It is not our policy to intentionally collect or maintain information about anyone 17 years of age or younger.
You are responsible for ensuring that the personal information you have submitted or access through the Site is accurate and complete. Please contact us immediately if you notice suspicious account activity, or changes to your profile you did not request.
Please feel free to contact us with any comments, questions or suggestions you might have regarding the information practices described in this Privacy Policy. You may also request that we delete your information. If you request that we delete your information, we may only do so as allowed by applicable state and federal law. As a consumer lending company, we are required to maintain records of consumer loan application information and loan transaction information under several federal and state laws and regulations, however, if we are legally able to comply with your deletion request, we will delete your information upon request, as permitted under federal and state laws and regulations governing consumer lending record retention requirements. You may contact us from the Contact Us menu within the Site, or write to us at:
444 Brickell Avenue, Suite 250
Miami, FL 33131
Attn: Web Privacy Policy
If you wish to modify or update any information we have received, please contact us at: profile@bmgmoney.com.
We reserve the right to modify this Privacy Policy at any time, and at our sole discretion. When we make changes to this Privacy Policy, we will alert you that changes have been made by indicating the date the Privacy Policy was last updated. When you visit our Site, or use our services, you are accepting the current version of this Privacy Policy as posted on the Site. We encourage you to frequently review the Privacy Policy for any modifications.
Effective Date: April 20th, 2021
1 Instant Funding available if you provide a valid debit card, funds are generally deposited in the bank account linked to this debit card within minutes. If you do not choose the instant funding option, expedited funding is available and usually takes 2-3 hours to receive funds if your bank is within the RTP® network. For ACH funding outside the RTP network, same day funding is available for applications approved and signed before 12:00 p.m. ET Monday - Saturday not including federal holidays, for applications approved and signed by 4:30 p.m., funds are generally deposited the next business day Monday - Saturday not including federal holidays, in which case funding will occur on the following business day.
2 Your FICO Credit Score will not be pulled for the processing of this loan application; however, failure to make payments may affect your FICO credit score.
3 Subject to BMG Money, Inc. or BMG LoansAtWork, LLC loan program requirements and approval.
4 BMG Money loans are provided at a significantly lower cost than most payday loans. For example, in Florida a $2,000 loan with a one-time fee of $25 will be repaid through 25 bi-weekly allotment installment payments in one year, will have an APR of 32.25% and a bi-weekly allotment installment payment of approximately $95 with a total payback amount of approximately $2,358.82 (assumes a 06/14/2021 loan execution date). In contrast, “...the average interest rate on the average payday loan is 391%...” Source – https://www.stlouisfed.org/open-vault/2019/july/how-payday-loans-work - July 19, 2019.
5 Our interest rate match policy applies only to loans made by BMG Money, Inc. or BMG LoansAtWork, LLC, intended to be repaid by payroll allotment, to employees of the U.S. federal government (excluding military service members) residing in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Idaho, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Missouri, Minnesota, Montana, Nebraska, Nevada, New Hamsphire, New Jersey, New Mexico, New York, North Carlina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington, Washington DC or Wyoming. * TO REPORT A PROBLEM OR COMPLAINT WITH THIS LENDER YOU MAY WRITE OR CALL Customer Service Manager at 444 Brickell Avenue Suite 250 Miami, FL 33131; (800) 316-8507; or at customer.service@bmgmoney.com. TO RESIDENTS OF NEW MEXICO: This lender is licensed and regulated, when making loans of $10,000 or less, by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504. To report any unresolved problems or complaints, contact the division by telephone at (505) 476-4885 or visit the website "New Mexico Regulation & Licensing Department". All loans are made by BMG Money affiliate BMG Money LoansAtWork, NMLS #1649032.
6 Military Lending Act Disclosure: Due to rules and restrictions within the Military Lending Act, this program is not available to active duty service members or their spouses.
7 California Residents: Loan made or arranged pursuant to a California Finance Lenders Law license please note, that "California Finance Lenders Law" has since changed its name to "California Financing Law”. California Privacy Rights: If you are a California resident who is a natural person, the California Consumer Privacy Act (“CCPA”) provides certain rights concerning your personal information, unless an exception applies. These exceptions include information subject to the federal Gramm-Leach-Bliley Act (“GLBA”) and Fair Credit Reporting Act (“FCRA”). In addition to the exceptions under the CCPA, the CCPA does not consider information to be personal information if it cannot be reasonably linked to any consumer or household. The information that we collect, use, and share is exempt from the CCPA because it is subject to the GLBA, subject to the FCRA, or it is not considered personal information.
8 Residents of Washington: BMG LoansAtWork, LLC holds Consumer Loan Company License # CL1649032; NMLS Consumer Access webpage: www.nmlsconsumeraccess.org