Helping You Grow Wealth Through Real Estate
Fortunately, the bureaus now have a jointly-run website where you can opt-out of certain creditor data bases and thereby cut down on this activity. It’s easy to use and takes only a few minutes:
https://www.optoutprescreen.com
At the bottom of the home page, click the blue button "Click here to Opt-In or Opt-Out":
On the next page, select "Permanent opt-opt" and click Submit:
Complete the form and click Confirm. You’ll be opted-out for five years:
To make your opt-out permanent, you must mail in your request. Click "click here to print" and print page two of the next screen:
When your credit history report is pulled, such as when applying for a home loan, the main credit bureaus, Transunion, Equifax, Experian and Innovis, put your name and other credit data on a "trigger list" and then sell that list to mortgage servicers, credit card companies, and others advertisers.
Yes, we think it is. While we have no problem with promotion, we do have a problem with others accessing our credit and personal information. Most people don’t want their private information shared with unknown firms and strangers. In addition, with over 8 million people per year becoming victims of identity theft, there’s good reason to be concerned. Also, many folks don’t appreciate the barrage of telephone calls, emails, and letters saying, "Talk to us — you are pre-approved!"
Yes, possibly. Each inquiry on your account can reduce your score by a few points. If you respond to a promotion and innocently allow the advertiser to pull your credit, the new inquiry can reduce your score. It’s best to select the firm you wish to work with and allow only that firm you’ll to run your credit.
Direct: (408) 723-5200,