Do You Know How To OPT OUT?

In the recent events that took place with Equifax that compromised 140 Million consumers. It is extremely important to know how to OPT OUT of any of these solicitations so that you don’t become one of the statistics.

 The bad news: It is common practice for the three credit repositories (Experian, Equifax and TransUnion) to compile and resell consumer data to marketers. In fact, they make a lot of money sharing our names, addresses and other demographic information. The ironic thing about these “pre-approved” offers is that the marketers do not know enough about you or your credit to approve you without a full application – so you’re not really “pre-approved” after all.

The good news: You can remove your name from all of this. Under Federal law you have the right to “opt-out” from all pre-screened offers by calling (888) 567-8688 or going online to  A 1996 amendment to the Fair Credit Reporting Act required that the credit bureaus provide an opt-out opportunity for consumers who do not want their names and addresses sold to credit grantors for solicitations. Consumers can and should take advantage of the right.

If you aren’t tired of shredding pre-approved credit card offers and don’t mind having your personal information shared with third parties, there is another reason to opt-out of prescreened offers: identity theft. Imagine a “pre-approved” credit card offer going to a previous address, whose hands is this application falling into? Eliminating the risk can stop ID theft before it starts.

You can go onto the FTC website for further information about opting out at By opting out you will no longer receive pre-approved credit offers. If you are interested in learning more about how the credit game works and how you can maximize your credit scores, I recommend picking up a copy of The Credit Road Map at or

I hope you have found this information useful and informative. If I can ever be of service to you or your friends/family, please don’t hesitate to contact me anytime.


Bill Nickerson

Mortgage Financial | Senior Loan Officer | NMLS #4194 | Phone: (978) 273-3227 | | |


LendUSA LLC, DBA Mortgage Financial is a Residential Mortgage Licensee. Massachusetts Mortgage Lender and Broker #MC1938, Licensed by the New Hampshire Banking Department License #5593-MB. Vermont Lender License #6207, Maine Supervised Lender License #SLM3129, Connecticut Lender License #MLD476, Florida NMLS License #MLD1178, NMLS #1938 – Equal Housing Lender.

Please leave a reply. Thank you! Bill

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: