SunTrust HELOC Articles

Miami, FL: In an effort to ease concerns over shady business deals as they pertain to home equity lines of credit, or HELOC loans, Florida's attorney general recently called a town hall-style meeting in which citizens affected by the mortgage crisis and loan scandals could get straight answers from representatives of a number of financial institutions, including SunTrust Bank.

Atlanta, GA: The SunTrust HELOC issue may be winding through the courts soon as a class action lawsuit, after several disgruntled SunTrust clients have seen their Home Equity Line(s) of Credit diminished in value, frozen or terminated allegedly without their consent and in the absence of just cause.

Atlanta, GA: When it comes to having their accounts messed with—accounts like the SunTrust Home Equity Line of Credit (HELOC) account—some people have decided that they are just not going to take it any more. One such person is an 82-year-old woman, who says her SunTrust HELOC was suspended and SunTrust never explained to her why.

San Jose, CA: They are the latest people allegedly affected through no fault of their own by the current recession: people who had a Home Equity Line of Credit (HELOC account) at financial institutions that are now freezing or decreasing those HELOC accounts. At least one lawsuit has been filed against SunTrust Bank alleging that the firm decreased a client's SunTrust HELOC without proper justification. However, it appears that clients with a SunTrust Bank HELOC are not the only ones who have seen their HELOC accounts affected.

Orlando, FL: People with a SunTrust Home Equity Line of Credit who received notice that their SunTrust HELOC account was being frozen, suspended or decreased might have thought that there was nothing they could do about the matter. However, Jeffrey Krinsk, managing partner at the law firm Finkelstein & Krinsk, says the opposite is true. At least one SunTrust HELOC client has now filed a lawsuit against the financial firm, alleging SunTrust acted improperly by suspending her line of credit, without justification.