Opting Out of Credit Card Correspondence

I’ve seen opting out of prescreens improve a score from 2 to 20 points. Worth taking a look and opting out for the next 5 years.

Find Your Balance

iStock_000004015725XSmallHave you ever gone through your mail and chucked an unwanted credit card application in the trash? If so, you may have inadvertently created an opportunity for a thief to take over your financial identity. What may seem like a harmless disposal of junk mail could have a wide-ranging and very damaging impact. The good news is that there are some easy steps you can take to give yourself much greater information security.

Why is it so important?
Historically, credit card companies have sent out loads of unsolicited offers via mail with pitches like, “You’ve already been approved!” If you’re an adult with decent credit, chances are you’ve gotten a few of these pieces of correspondence. You may have even taken advantage of one of these offers. That’s not necessarily the problem.

The trouble can arise when someone else is trying to take advantage of these offers on your behalf…

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