Pre-approved credit offers no doubt litter your mailbox, particularly if you’ve just lately had a bankruptcy discharged. There doesn’t have to be all the customers given to the “buy now, pay later ” philosophy. Pre-approved credit offers will go away with Equifax, TransUnion and Experian by simply calling 888-5-OPTOUT (1-888-567-8688). This is great in case you are trying to rebuild credit without emergency loans or even if you’re just trying to keep identity theft out of reach.
No more credit card offers with 888-5-OPTOUT
Call 888-5-OPTOUT if you’re sick of all the direct marketing lists that seem to hound you daily. You won’t get credit card offers or advertisements for credit in the mail any longer. Your home line is needed and your social security will be asked for also. Many are concerned about giving out special information like this, although you are safe since the Federal Trade Commission suggests it.
You can instead send a letter
You don’t have to call 888-5-OPTOUT when there is also the option of sending a letter. . All of these three credit bureaus need to get letters:
Options
Equifax, Inc.
P.O. Box 740123
Atlanta, GA 30374-0123Experian
901 West Bond
Lincoln, NE 68521
Attn: Consumer Services DepartmentTransUnion
Name Removal Option
P.O. Box 505
Woodlyn, PA 19094
Past confusion over 888-5-OPTOUT
Information that was not quite clear was sent with an email that talked about how great 888-5-OPTOUT really is. Specifically, the message claimed that a consumer would have to opt out if they didn’t want the credit bureaus from releasing their sensitive data to “anyone who requests it.”. According to Privacy Rights Clearinghouse, this muddles elements of two federal laws, the Financial Services Modernization Act and the Fair Credit Reporting Act. Essentially, the confusion comes down to whether 888-5-OPTOUT was actually connected to the previous of the above laws, which it wasn’t. Thus, the controversy was somewhat minor.
888-5-OPTOUT could be really helpful for the users using it. Now you could be at ease avoiding credit cards traps and identity theft, ahs you may even keep away from bad credit loans through it all.
CBS Money Watch
moneywatch.bnet.com/saving-money/blog/devil-details/privacy-pirates-7-ways-to-hide/2702/
FTC
ftc.gov/privacy/protect.shtm
Privacy Rights
privacyrights.org/ar/optout_truth.htm
Opt out of junk mail
youtube.com/watch?v=gjbPo1diCKo
