If you're like many consumers with too much junk mail, you're probably wondering how to opt out of credit card offers. It probably seems like you receive dozens of pre-approved credit card offers each week. This can be annoying if you're not interested in getting a new credit card and don't want the temptation. There are, however, ways you can put a stop to it.
Why do I get this mail?
The Fair Credit Reporting Act allows credit bureaus to sell your credit history to credit lenders. Given the number of lenders out there, you've likely been flooded with credit card offers. The Fair Credit Reporting Act, however, also allows you to opt out of receiving these credit card offers.
Whom should I contact to stop it?
To opt out and stop credit card offers, visit www.optoutprescreen.com or call 888-5-OPT-OUT (888-567-8688). Be prepared to provide certain personal information such as name, address, social security number and birth date in order to complete the opt out process. The information you provide will remain confidential and will be used only to help you opt out of annoying credit card offers. When opting out, you can choose to opt out of pre-approved credit card offers for five years or longer. You can even choose to stop credit card offers indefinitely.
Why should I opt out?
Opting out is probably a good idea for reasons beyond your full mailbox. While a credit bureau selling your credit history doesn't damage your credit score, it may show up as an inquiry. If you're not interested in a new credit card, it makes sense to stop credit card offers in order to limit the inquiries into your credit history.
What if I want to opt in again?
Should you find yourself missing the steady stream of credit card offers, or, if you find yourself in need of a new credit card someday, you can always choose to opt back in. Furthermore, removing yourself from the pre-approved lists does not affect your ability to get a credit card or obtain other types of credit in the future.
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