Do the credit bureaus sell people's information?

By
Mortgage and Lending with Movement Bank NMLS 1683075
https://activerain.com/droplet/5kMf

This PSA will be short and sweet... the answer is YES!!!! When someone applies for a mortgage the credit bureaus will SELL their personal information to any loan agency willing to buy- resulting in a bunch of joker online lenders calling your client promising the world and then failing to deliver on said promises later.

 

Credit bureaus sell your information whenever a consumer applies for credit. Isn't that messed up?!?! Below is how to safeguard against this.

 

Be sure to go to https://www.optoutprescreen.com/ which is recommended by the consumer finance protection bureau and OPT OUT to prevent the major credit bureaus from selling your personal info. This will opt you out and decrease the amount of spam calls and mountain of junk mail that is ongoing and increases whenever you apply for a loan.

 

I did this a few months ago and I have received WAY less robocalls and junk mail. Please share this with your clients and leave a comment if you have heard of this or used it before.

Posted by

 Creative mortgage financing options from coast to coast

The Easton Mortgage Team at Movement Bank

919-533-4841

1235 West Morehead Street

Charlotte, NC, 28208

 

Mike Easton | Mortgage Broker

 self employed mortgage loans

 

Cell: (585) 749-8848

mike.easton@movementbank.com
NMLS: 1683075

Apply Online at:

http://mortgagebrokermike.com/

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Roy Kelley 09/11/2019 01:00 AM
Topic:
Lending / Financial
Tags:
credit bureaus sell your information

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Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks so much for your advice. This is great information to share.

Sep 09, 2019 06:27 AM #1
Rainmaker
3,254,998
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Valuable information and something we will be doing today !

Sep 11, 2019 01:04 AM #2
Rainmaker
1,229,841
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Great info shared here, Mike Easton ... thank you.  Anything that helps us regain control of our identities and finances is vitally important to share ...

Gene

Sep 11, 2019 09:56 AM #3
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Mike Easton

Creative lending solutions from coast to coast
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