When you apply for a personal loan or mortgage, your credit report is checked as part of the process. This inquiry is noted by the credit bureaus, and within 24 hours, your information is added to a list that creates what’s known as a “trigger lead.” This list is sold to lenders and insurers, who may reach out to you with unsolicited offers for loans, credit, or insurance. Unfortunately, this can lead to an overwhelming number of unwanted calls and emails.
At Patterson State Bank, your privacy is a top priority, and we take great care to protect your personal and financial data. We never sell or share your confidential information. However, credit bureaus, who have legal access to your data, are allowed to sell your information to other lenders through trigger leads.
