Star One Credit Union
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Loan Solicitations

If you are a home owner, you probably already know that your deed of trust is recorded in public records. As a result, anyone can access it, including unscrupulous loan companies.

Some companies try to trick you into moving your loan to them by offering a "loan modification." They may send a letter or call you, and are intentionally vague. Some lead you to believe that you are working with the current mortgage holder, not an unrelated organization.

If you do receive an unsolicited offer for a loan or home equity line of credit, ask some questions.

  • Is this the company that currently holds my loan?
  • Do I really want to do business with a company that tries to trick me?
  • What are the costs involved?
  • Does this process really benefit me in any way?

Remember, your privacy is our top priority. Star One Credit Union does not sell or rent your information to third parties. But we can't stop anyone from accessing public records. So always stop and think when you receive an unsolicited offer, and contact us if you have any questions.

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