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Did you know that receiving credit card offers in your mailbox can hurt your scores?
Have you ever heard of OptOutPrescreen? You should, it’s your right.
Under the Fair Credit Reporting Act (FCRA), the Consumer Credit Reporting Companies are permitted to include your name on lists used by creditors or insurers to make firm offers of credit or insurance that are not initiated by you (“Firm Offers”).
The FCRA also provides you the right to “Opt-Out”, which prevents Consumer Credit Reporting Companies from providing your information for Firm Offers.
You Can Opt-Out of the Following
- Opt-Out from receiving Firm Offers for Five Years – (electronically through this website).
- Opt-Out from receiving Firm Offers permanently – (mail Permanent Opt-Out Election form available through this website).
- Opt-In and be eligible to receive Firm Offers. This option is for consumers who have previously completed an Opt-Out request – (electronically through this website).
If you choose to Opt-Out, you will no longer be included in firm offer lists provided by these four consumer credit reporting companies. If you are not receiving firm offers because you have previously completed a request to Opt-Out, you can request to Opt-In.
In doing so, you will soon be among the many consumers who can significantly benefit from having ready access to product information on credit and insurance products that may not be available to the general public.
These are the same sneaky rascals that spend millions to offer “free credit reports” online with clever television commercials only to lure you into a monthly monitoring service.
Did you know that you have the right to opt out from receiving credit card and insurance solicitations under the Fair Credit Report Act?
These partners are allowed to solicit you with offers based on information they collect from your personal credit report collected by these agencies.
YIKES! Right? Did you have any idea? I didn’t….I’m glad I know now – and now YOU know!
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