How to Stop Credit Card Offers in the Mail
by Bill Hardekopf, CEO of LowCards.com
Applying for a New Credit Card
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Most of us signed up for the "do not call" list years ago when we found out how to stop telemarketers from calling our home phone numbers. But many of us have not taken time to opt out of direct mail offers from credit card companies, which are essentially written solicitations from telemarketers. It is just as annoying to throw away credit card offers as it is to answer pointless phone calls. Luckily, you don't have to do either anymore.
OptOutPrescreen.com is a site provided by Equifax, TransUnion, Experian and Innovis, collectively known as the Consumer Credit Reporting Companies. On it, you can choose to do one of the following:
- Opt-out of receiving credit card offers permanently
- Opt-out of receiving offers for five years
- Opt-in to receive offers if you have previously opted out
The second and third options can be completed online, but opting out permanently has to be done through the mail. In any of these cases, you will have to supply some personal information, such as your name, address, and Social Security Number. This is the only way the credit reporting agencies can connect your information with the companies trying to connect to you.
Opting out of mail-in credit card offers has no impact on your credit score. You will still be able to apply for the credit cards you want. You just won't be bombarded by offers in the mail.
If you're tired of shredding documents you never even read, consider this as a helpful cleansing opportunity for the new year.
Bill Hardekopf is CEO of LowCards.com, a site that simplifies the confusion of shopping for credit cards. It is a free, independent website that helps consumers easily compare credit cards in a variety of categories such as lowest rates, rewards, rebates, balance transfers and lowest introductory rates.
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