The OptOutPrescreen website is managed by four major consumer credit bureaus - Experian, Equifax, TransUnion, and Innovis, which process opt-out requests for firm offers of credit or insurance.
You can opt out of receiving firm offers for five years or permanently by visiting optoutprescreen.com or calling 1-888-5-OPT-OUT (1-888-567-8688).
To opt out permanently, you can submit a written request with your personal information, including your name, address, Social Security number, and date of birth.
Opting out reduces the risk of identity theft by limiting the circulation of your personal information among credit bureaus and marketing companies.
Credit bureaus use complex algorithms to prescreen candidates for credit and insurance offers, which can lead to unwanted mail and phone calls.
Firm offers of credit or insurance are typically targeted based on credit scores, payment history, and other credit report information.
Opting out does not affect your ability to apply for credit or insurance products; you can still respond to offers or apply directly with lenders.
The OptOutPrescreen website and phone number are designed to help consumers make informed decisions about credit and insurance offers.
By opting out, you can reduce the number of unsolicited mail and phone calls you receive, reducing clutter and potential fraud risks.
Opting out does not affect your credit score or report, as it only limits the sharing of your information for marketing purposes.
You can opt back in to receive firm offers if you change your mind, allowing you to receive targeted credit and insurance offers.
Opting out of direct marketing lists can also reduce spam and unwanted emails from marketing companies.
Some credit card issuers and banks maintain their own "Do Not Solicit Lists" - contacting them directly can help reduce unwanted solicitations.
Opting out of prescreened offers can also reduce the risk of fraud, as fewer companies have access to your personal information.
The Federal Trade Commission (FTC) provides guidance on opting out of prescreened offers and managing your credit report information.