How to Opt Out of Pre-Verified Loan Offers
If you’re tired of seeing your inbox filled with pre-verified credit offers, you can opt out of these mailings for five years or even forever. All you need to do is fill out the form.
Why do I receive loan offers by mail?
You receive pre-selected bids – sometimes called “pre-approved” – because you have been included in the credit reporting agency’s list of qualified borrowers based on criteria set by the credit company. The pre-check works like a check of your loan details, taking into account your credit rating, age, location and assets held. The better your credit, the more offers you will receive in the mail.
Do these offers affect your credit score?
No, these inquiries do not affect your credit report or credit rating, but you will see “inquiries” listed on your credit report showing which companies received your information for these offers.
Are there any advantages to these offers?
If you are looking for a loan, pre-selected offers can provide better rates or terms than other offers available on the market. Pre-selected deals can also help you find out what’s in stock and compare prices at better prices than those available to the general public. Of course, none of this matters unless you’re interested – it’s just a pile of wasted paper in your inbox.
How can I opt out?
You can opt out of receiving pre-selected offers for five years or permanently. It is also possible to register later if you change your mind.
Withdraw from participation for five years
Call toll free 1-888-5-OPT-OUT (1-888-567-8688) or visit www.optoutprescreen.com . You will be asked to provide certain personal information, including your phone number, name, social security number, and date of birth. Federal law guarantees that the information you provide is confidential and can only be used to process your request.
To opt out forever
Start the permanent opt-out process at www.optoutprescreen.com . To complete your request, you will need to mail a signed permanent opt-out form , which will be provided after you complete the initial online request form.
Opt-out requests must be processed within five business days, although it can take up to 60 days before you no longer receive pre-reviewed offers.