No, No, No! Do Not Sell My Personal Information

Don’t sell my information.   Tired of unsolicited sales, pitches?  You can, “0pt Out” Having your credit checked is an important and necessary step in the home buying process.  It is also beneficial in helping to safeguard your credit rating and protecting against any inaccuracies which may be used against you in securing credit. However, those checking their credit should be aware of a potential downside.  Their inquiry with the credit bureaus Equifax, Trans Union, Experian and Innovis) could result in that information being sold by these credit bureaus to mortgage, insurance and other companies resulting in a flood of unsolicited fiancé offers, etc.   Mortgage companies are consistently ask by their clients why they are receiving unsolicited mailings.  This is the result in part, of their data being sold by the credit bureaus—Mortgage companies do not ever sell their client’s data to mailing houses or others. 

How does this happen?

 Under the Fair Credit Reporting Act (FCRA), the consumers credit reporting companies are permitted to include these names on lists used by creditors or insurers to make the unsolicited “firm offer of credit” or insurance . The benefits of this structure are that consumers can be provided with product choices, learn about offers that my not be available to the general public, or receive information so they can “comparison shop.”  What ends up frequently happening is a barrage of unsolicited mailings.    The good news is that the FCRA also provides the right to “Opt-Out” which prevents Consumer Credit Reporting Companies from providing your credit file information for firm offers of credit. 

What Can I do?

 The consumer credit reporting industries has provided a way to “Opt-Out” pm “firm offer of credit” and removes your name from these lists.  You can contact them by phone at 888  567-8688 or online at www.optoutprescreen.com  via this means consumers can opt out for either a 5 year period or permanently (requires a printed form submission which can be obtained from the web site).  Opting out will not impact a borrower’s ability to secure credit or insurance. By opting out, you can help to reduce the amount of unsolicited mailing you receive substantially.  If you are interest in protecting your privacy, “opt out” TODAY. 

An save some trees while you are at it.   “Keep it Green”