The mail may be the place to find all of your pre-approved credit offers, especially if your bankruptcy has gone through. The concept of “buy now, pay later ” has many consumers in America, although it doesn’t have to. By calling 888-5-OPTOUT (1-888-567-8688), U.S. consumers can opt out of pre-approved credit card offers with the three major credit bureaus: Equifax, TransUnion and Experian. This is great if you’re trying to rebuild credit without emergency money or even if you are just trying to keep identity theft out of reach. Article source – Calling 888-5-OPTOUT can save you from identity theft by Personal Money Store.
Credit card offers die with 888-5-OPTOUT
888-5-OPTOUT calls help anyone who needs to stop all of the direct marketing that comes their way. The mail won’t bring you offers for credit products like credit cards any more. Call from your home phone line and be prepared to give your Social Security number. If the prospect of revealing those digits worries you, put your mind at ease – the service is recommended by the Federal Trade Commission.
If you prefer, send a letter
Get out of pre-approved credit offers by simply using the mail instead of the 888-5-OPTOUT call. This is what a letter can look like. The letter needs to go to all of these three credit bureaus:
Options Equifax, Inc. P.O. Box 740123 Atlanta, GA 30374-0123 Experian 901 West Bond Lincoln, NE 68521 Attn: Consumer Services Department TransUnion Name Removal Option P.O. Box 505 Woodlyn, PA 19094
Being confused about 888-5-OPTOUT
Information that was not 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 also the Fair Credit Reporting Act. Essentially, the confusion comes down to whether 888-5-OPTOUT was really connected to the former of the above laws, which it was not. This means the controversy didn’t matter. If you use 888-5-OPTOUT, then you will likely discover it really helpful. You may not need a bad credit score loans if you can avoid identity theft and credit card traps.
Find more info on this subject
CBS Money Watch
moneywatch.bnet.com/saving-money/blog/devil-details/privacy-pirates-7-ways-to-hide/2702/
FTC
ftc.gov/privacy/protect.shtm”>Federal Trade Commission
Privacy Rights
privacyrights.org/ar/optout_truth.htm”>Privacy Rights Clearinghouse
Opt out of junk mail
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