So you’ve made the first step in deciding that you don’t want your mailbox cluttered with junkmail pre-approved credit card offers. Now you have two choices, you can:
- Opt out for five years
- Opt out permanently (seems like the better option to me)
So get started in the opt out process by calling toll-free 1-888-5-OPTOUT (1-888-567-8688) or visit www.optoutprescreen.com for details. The telephone number and website are operated by the major consumer reporting companies. When you call or visit the website, you’ll be asked to provide certain personal information, including your home telephone number, name, Social Security number, and date of birth. The information you provide is confidential and will be used only to process your request to opt out.
Remember that if you have joint credit relationships, like a mortgage or a car loan with a spouse, partner, or other adult, you may continue to receive some prescreened solicitations until both of you exercise your opt-out right.
If you’re looking for more information on prescreened and Pre-Approved credit card offers, visit the FTC website here. They list the pros of remaining on the list, however I don’t think that the pros have been reviewed since 1970 when the law was created. This line made me laugh:
prescreened offers can provide many benefits, especially if you are in the market for a credit card or insurance. Prescreened offers can help you learn about what’s available, compare costs, and find the best product for your needs.