Tuesday, August 24, 2010

Calling 888-5-OPTOUT can save you from identity theft

The mail might be the place to discover all of your pre-approved credit offers, especially if your bankruptcy has gone through. There doesn’t have to be all the customers given to the “buy now, pay later ” philosophy. Call 888-5-OPTOUT (1-888-567-8688) and you’ll be safe from Equifax, TransUnion and Experian in their offers. This is beneficial not only for consumers looking to rebuild their credit without the need for emergency money, but for those who would prefer to give perpetrators of identity theft less ammunition.

No more credit card offers with 888-5-OPTOUT

888-5-OPTOUT calls help anybody who needs to stop all of the direct marketing that comes their way. The mail won’t bring you offers for credit products such as credit cards any more. Your home line is needed and your social security will be asked for also. The Federal Trade Commission has recommended this meaning it is safe to give out these numbers.

Letters are another way

Similar to the 888-5-OPTOUT telephone option, consumers can opt-out of pre-approved credit offers and related advertising via mail. This is what a letter can look like. Make certain that your request is sent to all 3 credit bureaus:

Options
Equifax, Inc.
P.O. Box 740123
Atlanta, GA 30374-0123

Experian
901 West Bond
Lincoln, NE 68521
Attn: Consumer Services Department

TransUnion
Name Removal Option
P.O. Box 505
Woodlyn, PA 19094

Why numerous were previously confused with 888-5-OPTOUT

Details that wasn’t quite clear was sent with an email that talked about how great 888-5-OPTOUT really is. As outlined by the email, info would be given to “anyone who requests it” unless you opted out with the number. Clearinghouse reports that this was not true considering the laws it would have broken, being the Financial Services Modernization Act and the Fair Credit Reporting Act. 888-5-OPTOUT is not connected to either of these laws which is what was confusing. This means the controversy didn’t matter.

The take-away here is that 888-5-OPTOUT is a useful tool for consumers. Avoid the credit card trap, keep away from identity theft and perhaps you’ll be in a position where you won’t need a bad credit score loans.

Find more information on this subject

CBS Money Watch

moneywatch.bnet.com/saving-money/blog/devil-details/privacy-pirates-7-ways-to-hide/2702/

FTC

ftc.gov/privacy/protect.shtm”>Federal Trade Commission

Privacy Rights

privacyrights.org/ar/optout_truth.htm”>Privacy Rights Clearinghouse

Opt out of junk mail

youtube.com/watch?v=gjbPo1diCKo



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