Stop receiving “prescreened” or “prequalified” credit offers
Opt out at www.optoutprescreen.com
The Federal Trade Commission explains how it works.
Some people prefer not to receive these kinds of offers in the mail, especially if they are not in the market for a new credit card or insurance policy. They may prefer to opt out to limit access to their credit report information for credit and insurance solicitations, or to reduce some mailbox “clutter.†However, some companies send offers that are not based on prescreening, and your federal opt-out right will not stop those kinds of solicitations.
As you consider opting out, you should know that prescreened offers can provide many benefits, especially if you are in the market for a credit card or insurance. Prescreened offers can help you learn about what’s available, compare costs, and find the best product for your needs. Because you are pre-selected to receive the offer, you can be turned down only under limited circumstances. The terms of prescreened offers also may be more favorable than those that are available to the general public. In fact, some credit card or insurance products may be available only through prescreened offers.
Ms. Wakame
I know quite a few pretty savvy people who switch credit cards just before the intro period is over and have never paid interest. It’s not like we’re just sitting ducks with no options. We choose to be lazy and pay the interest. There is almost always a choice on who to sign up with, whether you’ll sign up with a card that charges yearly fees AND whether or not its worth your while switching. All cards bank on our laziness to hit us with the high APR. But there are always 0{a9f0d31f6175b3e4775e11a66c07db268fb74408d6095f6b46eeec420c0e9f62}APR offers available to switch over to, usually for at least 6 months, and if youre in the market to keep switching like me its probably a good idea to keep your eyes peeled on the mailbox for the next good offer.
6 months is a sweet long time period for me with a benefit definitely worth spending 15 minutes of my time over to switch. All it takes is one Google Calendar reminder ;@}
nathan
Bullshit, “offers can provide many benefits” – these offers usually tout low or 0{a9f0d31f6175b3e4775e11a66c07db268fb74408d6095f6b46eeec420c0e9f62} APRs for an introductory period, and then blast you with 19{a9f0d31f6175b3e4775e11a66c07db268fb74408d6095f6b46eeec420c0e9f62} or more later on.
I’ve signed up for this before but still get the occasional straggler…. I signed up again, let’s see if it results in more or less trash.