FACT act plus/minus to OPT OUT of prescreened offers

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kikie
Posts: 339
Joined: Sat Apr 09, 2011 4:37 pm

FACT act plus/minus to OPT OUT of prescreened offers

Post by kikie »

FACT act plus/minus to OPT OUT of prescreened offers of credit

I just opt'd out for life via the nationwide credit bureaus 888-567-8688


any downside to this, eg to a credit score etc ?

any upside to getting a 'prescreened offer' whatever that is ?


thanks
Those who know do not speak; those who speak do not know.
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grabiner
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Re: FACT act plus/minus to OPT OUT of prescreened offers

Post by grabiner »

Your credit score is determined only by how you use your credit, such as by opening and closing accounts, charging on credit cards, making and missing payments, and applying for credit. Promotional inquiries on the report are not reported to creditors and are not included in your credit score. (Inquiries which you make yourself to apply for credit are included; they will decrease your score slightly for a short time.)

By opting out, you will avoid receiving pre-approved offers in the mail based on your credit file; if you want a credit card, you are likely to have to find one yourself. (You may still receive offers through organizations; if you are a frequent flyer on American Airlines, you will receive offers for American Airlines credit cards.) This is usually a benefit, as the mail offers are often not the best ones, and they are potential sources for identity theft if someone steals one.
Wiki David Grabiner
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