Opting-Out

By
Mortgage and Lending with Diamond Residential Mortgage Corporation 031.0016549 NMLS#219299

 

Q: How many points do I get for Opting-Out?

A: Let me make this very clear...NONE! We are not sure who started this ongoing rumor throughout the decades but once again there is no score increase advantage for opting-out.

Have you ever really thought about those pre-approved offers you get? Maybe ask "wait a minute; how on earth does Capital One even know what I’m pre-approved for in the first place, I didn’t apply for a credit card?" This is one of those very rare times (although seemingly getting more common by the minute) where "society" has decided on your behalf...isn’t that nice? (note the heavy sarcasm) The decision has been made for you that it’s in your best interest to receive promotional offers in every direction possible. So whenever Capital One wants to sell more credit cards - other than using Samuel L Jackson on TV - they contact a bureau and ask for X number of files that fit within a certain criteria, and then your personal information is given out willy-nilly.

What’s nice is that we are given the option of reversing "their" decision for us by going to https://www.optoutprescreen.com or by calling (888)567-8688. Of course "they" don’t want to lose you for too long, so that will only keep the junk mail at bay for 5 years. For a permanent solution you need to fill out the Permanent Opt-Out Election form available at their website which includes signing, printing and mailing.

 

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"Wealth is what you accumulate, not what you spend." 

 
With Respect; 

William Piotrowski

Mortgage Originator  
Originator License # 031.0016549
N.M.L.S #219299 

 

582 Oakwood Ave

Lake Forest IL 60045

 

Cell.(630).881.8655

E.fax (888).845.2691

 

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Rainmaker
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Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

William - It does get a little annoying all the offers you receive for credit cards, etc. I wish there was an easier way to stop all the junk mail, spam calls, etc.

Jan 20, 2016 12:53 AM #1
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Rainer
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William Piotrowski

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