Pre approved credit card offers

These pre-approved offers are really a cause of pain. The mails increase your trash can, phone calls waste your time and energy, blah, blah.............

I suggest you to contact the three credit bureaus Experian, Equifax and Transunion and request them not to sell your personal info to the credit card companies who in turn send you the unwanted pre-approved offers.

Hope this works 8)

Hi holy69,

Welcome to the Creditmagic forum.

You may OPT OUT of these pre approved credit card offers by

1.Calling 1-888-5-OPTOUT (567-8688). You need to provide your personal info, which includes your home telephone number, name and SSN number.
2.Notifying the three credit bureaus by mailing them at these address and requesting them to limit the amount of your information they will share.
3.Getting yourself registered with the Direct Marketing Association’s (DMA) Mail Preference Service and requesting to place your name in the ‘delete’ list. This will stop mails from organizations that are registered with DMA.

For more information please go through http://www.ftc.gov/bcp/conline/pubs/alerts/optoutalrt.htm

Regards,
Richard

Wanted to give people a 'tidbit' of advice. These 'pre-approved offers' check your credit, before they send them to you. As people check your credit, your credit score drops. I have called the #800, above, sometime ago. I still recieve 'pre-approved offers, however.

Your score should not drop as a result of marketing inquiries. If any are coded as a hard inquiry, I would dispute for lack of your authorization.

There are certain cases where credit scores do not get affected. Check the following:

• Consumer initiated inquiries i.e. if you pull out your report for view.

• Promotional Inquiries i.e. requests made by lenders for any pre-approved offer.

• Administrative inquiries i.e. lenders checking your account for a review.

• Requests coming from employers for an account check.

However the point mentioned by Morningstar regarding hard inquiries is absolutely correct. You can dispute that item marked as a hard inquiry because it cannot happen without your authorization.

Thanks for the advice. When I was financed for a vehicle, the finance company showed me my credit report. There were ALOT of 'pre-approved offers' on there...I believe i was told, when they 'inquire' about my credit, my credit score does drop.Mmmm..maybe I misunderstood. How can u dispute INQUIRIES, on your credit reports??

You can always go ahead and dispute a hard inquiry if it has taken place without prior permission. However for soft inquiries you can dispute but they are actually not a major issue. Your score does not get affected at all for that.

In order to dispute send letters of dispute to the credit bureau whose report you want to challenge.