Banking BasicsEducationFinancial TipsFood for thoughtScam Alert

How To Avoid Getting Unwanted Solicitations After Applying for A Loan

By November 28, 2022No Comments

You applied for a loan and were accepted. Congratulations! Before your loan is approved, you might find yourself bombarded with offers from other banks and lenders who are eager to offer you a better deal. But if you’ve ever signed up for a free trial subscription that expired after a month, only to be flooded with offers to renew it or buy more stuff, then you know how frustrating these solicitations can be.

There are a few key steps you can take to avoid getting unwanted solicitations after applying for a loan: First, make sure that you only provide your contact information to reputable lenders. Secondly, be sure to read the privacy policy of any lender you’re considering doing business with so that you understand how they use and share your information. Finally, opt out of any marketing communications that you don’t want to receive.

You should check with the lender to see if they have a do-not-solicit list. If they do, add your name to it. This will stop the lender from selling your information to third-party marketers. You can also put your phone number on the National Do Not Call Registry at donotcall.gov. This will stop most telemarketers from calling you, while optoutprescreen.com will allow you to opt-out of mail solicitations if you call prior to receiving any inquiries. Finally, you can opt-out of receiving unsolicited commercial emails by clicking the “unsubscribe” link at the bottom of most marketing emails.

At Richwood Bank, we want to make sure your experience is seamless, and we intend to ensure that you are informed and ready every step of the way. We do not share with non-affiliates, but by following these steps, you can help protect yourself from further unwanted solicitations and keep your personal information safe. If you have additional questions or concerns, contact us today at (740) 943-2317 and request to speak to a representative from our lending team.