If you have gone bankrupt lately, you may be getting a lot of pre-approved credit offers in the mail. The thought of “buy now, pay later ” has numerous consumers in America, although it doesn’t have to. 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 anybody who needs to rebuild credit without emergency cash loans will really need this.
Credit card offers die with 888-5-OPTOUT
888-5-OPTOUT calls help anybody who needs to stop all of the direct marketing that comes their way. You won’t get credit card offers or advertisements for credit in the mail any longer. You’ll have to give your social security number from your home line. If the prospect of revealing those digits worries you, put your mind at ease – the service is recommended by the Federal Trade Commission.
Sending 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. All of these three credit bureaus have 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
Being confused about 888-5-OPTOUT
There was an email sent around a while ago saying 888-5-OPTOUT was a very good place to go to get out of losing info, although the details wasn’t clear. 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.”. The Financial Services Modernization Act and also the Fair Credit Reporting Act would both be violated if this happened, reports Clearinghouse. 888-5-OPTOUT isn’t connected to either of these laws which is what was confusing. This means the controversy didn’t matter.
888-5-OPTOUT could be really helpful for the users using it. Avoid the credit card trap, stay away from identity theft and possibly you’ll be in a position where you won’t need a bad credit score loans.
Further reading
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
