Koroho, I would have to agree with PMD.
Most privacy policies would need to have that particular clause to cover their own interests if you default and that information needs to be sold off to a collections agency. Unfortunately, most legal documents are made for protection, therefore will not be able to apply "only to this situation" and not another. Simply for protection of the business entity they will attempt to cover ALL angles. While it may look as if they can sell your info, that may not be the intent of the disclaimer, it may simply be unavoidable (according to their lawyers).
That said, my advice to you would be to seek out a REPUTABLE on-line lender. It may take some time, but if you want to avoid you information being sold (one of the lesser evils to avoid, in my opinion) as well as any other on-line lending "horror-stories", then do your homework!! There are reputable lenders out there, but there are also many sites that just sell your application off to a third-party lender, in which case you can have a very difficult time tracking down a "customer service" rep if you have any problems. Of course, they already have access to your bank account, so the damage is done and they may not be in a hurry to fix it. Do your homework and avoid this situation if possible.
