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Opt-Out of Pre-Approvals, Junk Mail, etc.

Good Morning!

I have had a few issues come up lately with clients that have involved either identity theft, in smaller ways - such as folks taking out cell phone accounts in their names to bigger ways such as Capital One doing a 'soft-pull' on a client 54 times in 2 years all for 'pre-approval' letters they sent out!

Personally, i don't want anyone going into my clients credit unless it is absolutely necessary and most especially these days when one point could costs you .5 - 1% more in your rate!

There's an easy way to stop this 'extra' stuff from going on for five years - OPT-OUT - by way of one phone call: Just call: 1-888-5OPTOUT (1-888-567-8688) and follow the prompts.

I had done this myself a couple years ago and just freshened it up again to make sure it was easy to do - it was.

Here's to High credit scores!!

Posted by Candace Pinaud on 04/30/2008 05:21 AM

Comments (9)

credit, identity theft, softpulls, credit scores, safety, security, private, optout

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9 Comments on Opt-Out of Pre-Approvals, Junk Mail, etc.

Excellent Tip to spread the word on - I preach ( mean I say "talk") to my clients about credit issues & identity theft (which recently happened to my son). - Carla

04/30/2008 05:32 AM

by Carla Harbert - RE/MAX Pros (www.LorainCountyHomeSales.com)

Candace - great idea. I get 4-5 credit apps per week - would be nice to lower my junk mail (and save some trees in the process).

04/30/2008 05:48 AM

by Stanton Homes - Penny Hull: Raleigh Area Custom Home Builder (Stanton Homes Inc - Raleigh Custom Homes)

Morning Carla,

Thanks for responding :-). It's amazing how often and how quickly identity theft can happen isn't it? If only these folks spent half the time doing something legit - I'm sure they would be millionaires!

04/30/2008 06:20 AM

by Leave No Stone Mortgage Lending

Morning Penny!

I have started charging my borrowers for the cost of the credit report and I will throw in a small consult on what 'homework' they need to do to get their credit back on track. I have also really been pushing folks pulling their own credit via www.annualcreditreport.com so I don't harm their score, if it's already a low score, by pulling it myself.

04/30/2008 06:21 AM

by Leave No Stone Mortgage Lending

Imust get a hundred of those a month pre-approving me for a credit card of $100,000. They do get annoying. I'd love to do away with the

04/30/2008 06:37 AM

by Gary McAdams (GMAC Schwartz Property Sales)

https://www.optoutprescreen.com This can also be done online in a matter of a few minutes. It sure cuts down on the junk mail! Forward to all your clients and friends. Easy way to raise scores 6-15 points!

04/30/2008 06:44 AM

by Chip Jefferson (Carrion Builders)

I did this a few months ago and it's amazing how much less junk mail I got and my credit went up 25 points. Well worth the call.

04/30/2008 07:02 AM

by June Piper-Brandon, CRIS, ePro, Broker (Advance Realty Anne Arundel Inc.)

Thank you so much for this information. I am on this !!!!

04/30/2008 07:05 AM

by Charlie Ragonesi Big Canoe homes, Jasper ,Ball Ground,Benttree,Dahlonega (All Mountain Realty)

Thank you very much for the tip and sharing the telephone number.

Good Post!

04/30/2008 07:37 AM

by Michael Setunsky (Michael's Commercial LLC)

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