Do the credit bureaus sell people's information?

Reblogger Roy Kelley
Real Estate Agent with Realty Group Referrals 16766

Credit bureaus sell your information whenever a consumer applies for credit.

 

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Original content by Mike Easton NMLS 1683075

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.

 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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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 #1
Rainmaker
4,996,898
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Roy Kelley great reblog.... and I'll leave a comment on the original post.... 

Sep 11, 2019 01:44 AM #2
Rainmaker
5,383,591
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Please be sure to leave comments at the original blog by Mike Easton

Sep 11, 2019 03:58 AM #3
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

Thank you for sharing this valuable info from Mike Easton.  Anything that educates and helps people maintain control of their credit and finances is vitally important and beneficial, Roy Kelley ...

Gene

Sep 11, 2019 09:54 AM #4
Rainmaker
5,383,591
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks so much for your feedback. It is always good to hear from you.

Sep 11, 2019 05:23 PM #5
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Rainmaker
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Roy Kelley

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