When you have gone bankrupt recently, you may be getting a lot of pre-approved credit offers in the mail. 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). Everyone hoping to make it difficult for identity theft to work and also everyone who needs to rebuild credit without emergency loans will really need this.
Credit card offers die with 888-5-OPTOUT
Call 888-5-OPTOUT if you are sick of all the direct marketing lists that seem to hound you daily. No more credit card offers and no more advertisements for credit products via postal mail will show up. You will have to give your social security number from your home line. The Federal Trade Commission has recommended this meaning it is safe to give out these numbers.
You can instead send a letter
Similar to the 888-5-OPTOUT telephone option, consumers can opt-out of pre-approved credit offers and related advertising via mail. An example letter looks like this. :
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
Recent mistakes with 888-5-OPTOUT
Details that wasn’t quite clear was sent with an email that talked about how great 888-5-OPTOUT really is. According to the email, info would be given to “anyone who requests it” unless you opted out with the number. 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 really connected to the previous of the above laws, which it wasn’t. There was not any point in this controversy.
If you use 888-5-OPTOUT, then you will likely find it really helpful. Now you could be at ease avoiding credit cards traps and identity theft, ahs you may even stay away from poor 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
