If you are tired of receiving an endless stream of credit card offers and you are looking for a quick and easy way to improve your credit score, I have great news! You can reduce the flow of credit card offers and possibly increase your credit score by opting out of the preapproved and prescreened credit lists provided by Equifax, Experian, Innovis, and TransUnion.

If you elect to opt out, those consumer credit reporting companies will no longer provide your credit file information for "firm offers." Opting out may add a few points to your credit score, too!

Click here for more information about opting out of firm offers.

You can find this and other helpful tips by visiting the Federal Trade Commission's Consumer Protection page.


The FTC Consumer Protection page also has a link to the national "Do Not Call" list and to the Direct Marketing Association's "Do Not Mail" and "Do Not Email" lists.

 
Posted by Frank Jewett on 11/20/2007 01:36 AM   Comments (3)   , ,  

3 Comments on Info: Improve Your Credit Score By Opting Out

Frank, This has been recommended here on AR before. I have to take exception with this recommendation. When applying for a mortgage this really causes problems. I think that the "downside" of "freezing" your credit file is much bigger than any possible upside. Just one mortgage broker's opinion.

Bill Roberts

11/22/2007 09:59 PM by Bill Roberts - "Baby Boomer" Retirement Planning (Brooks and Dunphy Real Estate)

Bill, it looks like consumers who opt-out using the online method can opt-in whenever they want to unfreeze their records. 

"Opt-In and be eligible to receive Firm Offers. This option is for consumers who have previously completed an Opt-Out request - (electronically through this website)"

The "Permanent" opt-out (available by mail only) is probably more difficult to reverse.

Frank

11/22/2007 10:35 PM by Frank Jewett (tech4REpros)

Frank, I was talking about the "freeze" which can be unfrozen with a phone call. But it takes time and you have to have your information handy when you call PLUS you have to do it for each of the Credit Reporting Agencies separately. Believe me, it is a real pain in the neck when I am trying to pull credit for a mortgage application.

Bill Roberts

11/23/2007 08:30 PM by Bill Roberts - "Baby Boomer" Retirement Planning (Brooks and Dunphy Real Estate)

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Real Estate Trainer: Frank Jewett (tech4REpros)
Frank Jewett
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