Optoutprescreen.com

Optoutprescreen.com is a joint venture among Equifax, Experian, Innovis, and TransUnion, allowing customers to opt out of receiving credit card solicitations by mail.[1]

Under the Fair Credit Reporting Act (FCRA), consumer reporting agencies are permitted to include customers' names on lists used by creditors or insurers to make offers of credit or insurance that are not initiated by the customer. The FCRA also provides customers the right to opt out, which prevents consumer reporting agencies from providing credit file information to others.[2]

Beginning on August 1, 2005, the Fair and Accurate Credit Transactions Act of 2003 took effect, which amended the FCRA to require consumer reporting agencies to include in their credit offers a statement allowing customers to stop unsolicited offers either by phone (1-888-5OPTOUT or 1-888-567-8688) or via https://www.optoutprescreen.com .[3] The Optoutprescreen.com is not accessible by users of ISPs located outside the United States and the U.S. Territories.[4]

Customers may opt out from receiving offers for either five years or permanently. To opt out permanently, customers must confirm their requests in writing, by mailing in a Permanent Opt-Out Election form, available through the website. Customers who have opted out will no longer be included in offer lists provided by consumer reporting agencies. Customers who have previously completed an opt-out request may request to opt back in at the website as well.

References

  1. ↑ "Prescreened Offers of Credit and Insurance". Federal Trade Commission. 2008. Retrieved 2008-08-01.
  2. ↑ Board of Governors of the Federal Reserve System (2004). "Report to the Congress on Further Restrictions on Unsolicited Written Offers of Credit and Insurance" (PDF). Retrieved 2008-02-17.
  3. ↑ "Alert: New Look for Prescreened Credit and Insurance Offers". privacyrights.org. 2005. Retrieved 2008-02-17.
  4. ↑ "Webpage Capture of https://www.optoutprescreen.com/". Archive.is. Retrieved 16 November 2013. External link in |title= (help)

External links

This article is issued from Wikipedia - version of the 7/19/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.