How to Opt-Out of Pre-Approved Credit Card Offers

Do you get a ton of junk mail and offers from banks for credit cards you never wanted?  You are not alone.  According to the Direct Marketing Association, the financial services industry spent over $13 billion on direct mail in 2008.  Why?  Because for every $1 they spend on direct mail, they made $13.37.

Financial companies gather information about us, and share it with other companies so they can offer you more services, introduce you to new products and profit from the information they have about you.  While profit isn’t a bad thing, having your personal information bought and sold without your knowledge can be a little disconcerting.  While there is not a blanket solution for opting-out of all mail solicitations, you can opt-out of pre-approved credit card and loan offers.  Here are the two options:

  • Option A: Call 1-888-5-OPTOUT (1-888-567-8688)
  • Option B: Write a letter to the credit bureaus click here for a sample letter requesting your name be removed from the list.

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