Senior black couple standing outside a large suburban house

7 Tips to Help Seniors Live at Home Longer

Most Americans want to remain in their homes as they grow older, also known as “Aging in Place”. STAR offers the following tips for those considering this option: Take a hard look at your finances. Arrange a meeting with a trusted family member or friend and a STAR banker. It’s critical to understand your financial […]

Photo of a father and daughter sitting in the kitchen,daughter is comforting her father who is worried about home bills

Mortgage Relief Scams

The possibility of losing your home to foreclosure can be terrifying. The reality that scam artists are preying on desperate homeowners is equally frightening. Many companies say they can get a change to your loan that will reduce your monthly mortgage payment. Some claim that nearly all their customers get successful results and even offer […]

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Financial Tips for the Graduate

Think Long and Hard Before Using Credit Cards Young adults are the largest population targeted by credit card companies. They prey on young college students who don’t have a lot of money and need (or want) it fast. There are often promotions thrown in with the application of a new card, such as a free […]

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7 Tips to Help Older Adults Choose the Right Caregiver

According to the National Council on Aging, almost 90 percent of the financial abuse committed against older Americans are at the hands of someone they know and trust. Here are seven tips to help you choose the right financial caregiver and prevent financial abuse: Delegate someone you trust to make financial decisions. If you are unable to […]

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5 Ways to Spot a Lottery Scam

According to the FBI, in 2014 consumers lost more than $8 million to solicitation scams. These scams, commonly referred to as “advance fee,” “lottery” or “sweepstake” scam, often begin with fraudsters telling the victim they’ve won a lottery or sweepstake raffle. The consumer is issued a check worth more than the amount owed and instructed to pay taxes […]

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Don’t Fall for the Grandparent Scam

According to the Federal Trade Commission, between 2012 and 2014, consumers reported more than $42 million in losses from scams involving the impersonation of family members and friends. This scam, commonly known as the “grandparent scam,” is a form of financial abuse that deliberately targets older Americans. To commit this crime, fraudsters call claiming to be a […]

Disabled senior man and assistant in the park

14 Red Flags to Spot Elder Financial Abuse

The key to spotting financial abuse is a change in a person’s established financial patterns. Watch out for these red flags: Unusual activity in an older person’s bank accounts, including large, frequent or unexplained withdrawals Changing from a basic account to one that offers more complicated services the customer does not fully understand or need Withdrawals from […]

Female Doctor Holding Stethoscope to Pink Piggy Bank Abstract.

Perform Financial Check-Ups for Your Family

Being in charge of the family’s finances is an awesome responsibility. In addition to providing your family with the basic necessities of life, you may feel responsible for their overall financial well-being. One of the best ways to care for your family is to be sure that you are prepared if something were to happen to you […]