Credit Card Offers
When you try to give your credit report a visit, you’ll be surprised at the number of credit card companies seeking
information about you.
Literally, hundreds of companies ask for consumer information from credit bureaus every day, just to find out if
someone fits their company’s criteria of a creditworthy person. When they do find you creditworthy, that’s when you
start getting prescreened credit card offers telling you that you have been prequalified for a certain credit card.
Unsolicited credit card offers take up the most space of our mailboxes and our emails. Plus, they
take up 75% of phone calls we receive every day.
Is there a way to avoid unsolicited credit card offers? Yes there is. Cardholders can easily opt out from
unsolicited credit card offers by calling a toll-free number that is designed to allow consumers to rid themselves
of these prescreened offers. This is 1-888-567-8688. It even allows a cardholder to opt out for a five year period
or permanently. You can also contact any of the credit agencies including Equifax, Experian, Trans Union, and
Innovis through their customer service numbers or by mail. Another company that you can call in order to opt out
from unsolicited credit card offers is Direct Marketing Association (DMA). This mail preference service company
will remove you from all types of prescreened lists, even telemarketing lists. You just need your present address,
former address(es) within the last 24 months, your social security number, and your birth date. You can write to
them and request for your name and contact information to be removed from all mailing and marketing lists of not
just credit companies. You just need to provide them with three spelling variations of your full name and your
information will be retained for five years. Another option that consumers have tried and tested is returning
unsolicited credit card offers. Returning mails to credit card companies usually guarantee that you will not
receive any offer after.
Is opting out of unsolicited credit card offers a good choice? If you are pretty much content with your creditor
and the features and rates of your credit card, then this may be a good move. However, the Federal Trade Commission
states that receiving unsolicited credit card offers may be a good choice in order to keep up with the new trends
and rates of credit cards. These offers can help you compare your card’s features and may even prove to be more
favorable that what you have.
Opting out of unsolicited credit card offers, however, may take longer than you expect. All credit card
reporting agencies need 60 days at most to complete one opting out request. So, you’ll need to endure two more
months of junk mails.
Source: Credit Cards For People With Bad Credit Rating
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