A new wave of junk mail and telemarketing that consumers are starting to become aware of are "Trigger Leads". Trigger leads are leads that can be bought by lenders, mortgage brokers and others who want to solicit to consumers who are already interested in a mortgage. Here is how it works, you want to buy a home or refinance, so you go to your mortgage professional who gets you approved. Part of that approval process usually includes checking your credit.... BAM... it has happened, the credit bureaus see that a mortgage company pulled your credit so they sell your information off to other lenders and mortgage professionals. That is when you start to get the calls, e-mails, and mail. The foxes have entered the hen house.
There is a way to avoid those annoyances, a way to protect your self and your personal information from companies you don't know and don't want to talk to, you can Opt Out. Similar to the Do Not Call list, there is a website and phone number you can use to prevent your information from being sold.
(888) 567-8688 or http://www.optoutprescreen.com/
To read more about Trigger Leads, and how government agencies are trying to ban them read Mortgage 'trigger leads' might get shot down; Delaware News Journal
Comments(9)