Receiving Unsolicited Mail After Opening a HELOC

I closed on my HELOC three weeks ago and today I received eight pieces of unsolicited mail from various mortgage services. Three came in envelopes about mortgage insurance, while five postcards claimed urgent issues with my loan, though they disclosed in small text at the bottom that they’re not affiliated with my bank. Does this mean banks sell customer information, or how do these companies get my details?

Your information might be sold by the major credit bureaus, but it’s also likely these companies are pulling your data from public records. It’s a common practice that can be very misleading.

Mai said:
Your information might be sold by the major credit bureaus, but it’s also likely these companies are pulling your data from public records. It’s a common practice that can be very misleading.

Exactly, and it’s not just the credit bureaus. Your lender’s name and other loan details can be found in public records, which is often how these companies tailor their mail to seem so relevant.

Mai said:
Your information might be sold by the major credit bureaus, but it’s also likely these companies are pulling your data from public records. It’s a common practice that can be very misleading.

And they’ll keep sending them. I get refinancing offers all the time.

It’s primarily the credit bureaus and some scrapping from public records. You can reduce this by opting out at optoutprescreen.com.

Keep an eye out for the one from Home Depot, there’s a 15% coupon inside.

Yes, they sell it, and public records access means your recent HELOC isn’t a secret. These mailers are just one of the many joys of new financing.

It’s incredibly annoying. Whenever you deal with home financing, prepare for a wave of mail. Most of it comes from firms that monitor public filings.

It should be illegal for companies to word their mailers so deceptively, especially when it involves insurance and mortgage offers.

Mortgage transactions are a matter of public record as well.

They’re pulling from public data. If your county records are online, that’s probably how your information was obtained.

Credit bureaus play a big part in this. HELOCs, being lines of credit secured against your home, are not covered under the same restrictions as mortgages under recent financial regulations.

Yes, it’s a common issue after closing on a mortgage or HELOC. Expect a lot of mail when your home warranty nears expiration too. Most of this should taper off after a while.

Try opting out at optoutprescreen.com for both mail and digital communications to stop these offers.

It’s mostly trigger-based marketing from the credit bureaus. Companies like Experian, TransUnion, and Equifax are often behind this.

I experienced the same thing. I usually just ignore them.

Happens all the time to me too.