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Opting Out of Credit Card Offers

Earlier this week I discussed ways you can protect yourself from becoming a victim of identity theft.  In my blog, I briefly mentioned opting out of pre-approved credit card offers to shield your identity.  This topic deserves more attention. 

While my suggestion of opting out of pre-approved credit card offers may sound like a no brainer, don't be fooled as it is no easy feat.  Not only are credit card companies in the business of extending you credit but they also make their money buying and selling your personal information so by opting out of their offers you are taking away a portion of their business.  Regardless, there are several ways to opt out of credit card offers.

Option 1:  Call
The credit card companies under the direction of the Federal Trade Commission and the major credit reporting agencies have set up a toll free telephone number for you to call and opt out of the pre-approved offers.  The number is 1-888-5-OPT-OUT.  Over the automated system you are asked to provide your social security number.  This may not appeal to you.

Option 2: Online
The credit reporting agencies including Equifax, Experian and Trans Union allow you to opt out online.  On the OptOutPrescreen website you can select not to include your social security number but it will take several weeks to take effect.

Option 3: In Writing
You can notify the credit reporting agencies in writing that you wish to opt out of pre-approved credit offers.  Visit each of the credit reporting agencies websites for their address (or our website) and send a letter certified mail letting each of the agencies know they must remove your information from their database. 

If you are having issues or need assistance with your credit report contact SmithMarco P.C. for a free case review.

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