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Federal Taxations Essay

849 words - 4 pages

Rev. 06/2014


Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. The types of personal information we collect and share depend on the product or service you have with us. This information can include:  Social Security number and income  Account balances and payment history  Account transactions and credit history All financial companies need to share customers’ ...view middle of the document...

When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing.


Call toll free 1-855-582-1928 or go to

Page 2 Who we are
Who is providing this notice? Numerous Sallie Mae financial companies. Please see the bottom of this page for the full list of the Sallie Mae companies providing this notice.

What we do
How does Sallie Mae protect my personal information? How does Sallie Mae collect my personal information? To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. We collect your personal information, for example, when you:  apply for a loan or give us your contact information  open an account or deposit money  use your credit or debit card We also collect your personal information from others, such as credit bureaus, affiliates, or other companies. Federal law gives you the right to limit only sharing for affiliates’ everyday business purposes – information about your creditworthiness  affiliates from using your information to market to you  sharing for nonaffiliates to market to you State laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law.

Why can’t I limit all sharing?

What happens when I limit sharing for an account I hold jointly with someone else?

Your choices will apply to everyone on your account.

Affiliates Companies related by common ownership or control. They can be financial and...

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