Credit Card Offers Opt Out
David asks…
How to opt-out of credit card offers, as a BUSINESS?
Hi,
I have a small home business and I keep getting annoying business credit card offers. I already opt-out as an individual… but now I receive offers under my business name.
Thanks!
admin answers:
To be honest just use the junk mail as fuel for your wood burning stove. I have a friend that heats his house using junk mail.
Daniel asks…
Why do we have to opt-out of credit card offers (instead of opting-in)?
If we don’t want to receive truckloads of pre-approved and unsolicited credit card offers why do we have to “OPT-OUT” of the credit bureaus, instead of the other way around. That is we would have to specifically “OPT-IN” to receive this kind of junk mail or telemarketing.
After all these pre-approved credit card offers endanger a person and makes it easy for his/her identity (and money) to be stolen.
https://www.optoutprescreen.com
admin answers:
Because the CRA’s, and other businesses, make money by selling your information.
There is no law stating that a business must treat a person as being opted out until that person decides to opt in. Naturally since the law isn’t set up that way, the businesses are going to do whatever they can to put the green in their pockets.
If you want to be truly opted out, you shouldn’t stop at opting out on the governments optoutprescreen site, since that only covers the CRA’s.
Also, putting yourself on the do not call list will not stop other companies from selling your info.
You will have to opt out with each and every company you do business with – credit card companies, banks, cell phone companies, internet providers, etc., etc., etc………..etc.
Not all companies sell peoples information, but many do since it is a lucrative business. Even my local electric company sells info and provides the opportunity to opt out.
Mandy asks…
Should I opt out of credit card offers?
I am in college with a cruel joke of an income, aside from student loans, I have no debt.
Of course, I am also getting a million “pre-screened” credit card offers in the mail.
I read at the bottom of one of these letters that I can call a number to opt out or getting these credit card offers.
Is it wise to opt out of getting them, or will I miss some sort of great deal?
I am not asking if cards are “bad”, we know they are.
Do I want to stop getting the OFFERS in the mail?
Or should I just keep getting my mailbox jammed full of them?
admin answers:
The opt out option only works for 5-years.
This will remove your name from the national mailing list for 5-years and then it will go back on. By that time you will be out of school.
You might want to go ahead and get 1 or 2 credit cards first and then opt out. Just use them for everyday things never exceed 30% of your credit limit in any given month and pay in full before the due date.
If you do this, when you get out of school and want to finance something you will have a killer credit score.
Linda asks…
Why do you still receive credit card offers if you opt-out of direct mailings?
This is paper mailings, NOT phone or email contacts. And no, I’m not in debt – I have a perfect credit history.
admin answers:
Simple. The credit reporting agencies sell leads to credit card companies. Register with the national do not call list and report anyone that further contacts you. I’m not sure how to get them to stop sending junk mail or emails but try contacting the credit bureaus and see if they will opt you out of their leads. See link below to register.
P.s. If you are looking for ways to get out of credit card debt check out
the company I work with, link also below. Hope it helps.
Joseph asks…
Can you opt out of credit card offers?
I get junk mail for credit cards every week that I’m never going to apply for.
admin answers:
Yes, many unsolicited offers that you get in the mail have an opt out number on the small piece of paper listing their disclosures. I think you can also notify the credit bureaus (Experian, Transunion and Equifax) that you opt out, which will not allow credit card companies to view the basic criteria needed to extend an offer to APPLY for credit.
James asks…
What is the number to opt out of credit card offers?
admin answers:
Beware: There are many websites and numbers that are actually phishing for your personal information. If not outright criminal, they will simply sell the information you provide or charge a fee for something you can do for free. Use only the contacts listed below provided by the U.S. Federal Trade Commission.
Susan asks…
If I “opt out” of credit card offers, will this interfere with approval for a home loan?
I get A LOT of credit card offers in the mail that I have no interest in. I’m not going to be getting a new credit card account any time soon. I want to stop these offers permanently and have found that I can do so on this website:
https://www.optoutprescreen.com/?rf=t
I’m thinking about buying my first home (I currently rent). If I submit an opt out form, is this going to effect the process of buying a home? Will the bank be able to view my credit report without any problems when I apply for a home loan?
I’m living in the US.
admin answers:
Absolutely no affect on any credit approval. Opting out will just get rid of all those solicitations for new credit cards — or at least most of them.
Jenny asks…
Is it a good idea to ‘opt out’ of recieving credit card offers? I’ve heard it somehow affects your credit.
admin answers:
No, opting out of credit card offers does not affect your credit. There’s no way it can.
If you’re concerned about identity theft you can opt out. You’re also saving trees. Plus, they’re annoying to get in the mail. Really, it’s up to you though.
Sandra asks…
opt-out preapproved credit card offers?
i get a few of these in the mail a week, and they are rather annoying…i was wondering if it is safer to just keep getting them and shredding them or just opting out (safety concern because you have to enter your name, dob, ssn etc)…also, if i do opt out is it safer to do by phone or internet? what are the chances of identity theft by opting out because you have to enter all that information? i heard that if you opt out you will actually get more offers, is that true?
also, my wife gets them too, but in her maiden name…if she were to opt out, would she have to put her name on the form as her maiden or married name?
admin answers:
Opt out of them if they bug you. You can always call and get the current offers over the phone or through their website. As long as you maintain your credit there isn’t a problem.
Something doesn’t sound right about your wife getting offers in her maiden name. She should call the bank and get that fixed so her credit report is correct. Opt out is a second decision.
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