Being opted in always increases your risk of identity theft.
OPT OUT!
Started by
breeze
, Feb 10 2005 03:23 PM
173 replies to this topic
#101
Posted 19 November 2005 - 08:17 PM
#102
Posted 19 November 2005 - 08:24 PM
CAN YOU PROVIDE PROOF FOR THAT STATEMENT???Being opted in always increases your risk of identity theft.
#103
Posted 27 November 2005 - 10:32 AM
Ok, I read thru this sticky once before and didnt see any answers for my questions...Guess I should have asked back then..
These are perhaps 2 DUH questions...but heck someone else maybe might need answers to these as well..
By OPTING OUT, Does it:
1: Prevent anyone, CA's mainly from knowing where you work?
2: Will it keep you lying low when trying to refin. a car loan and prevent CA from seeing that you are refin????
Thanks,
Ocean
These are perhaps 2 DUH questions...but heck someone else maybe might need answers to these as well..
By OPTING OUT, Does it:
1: Prevent anyone, CA's mainly from knowing where you work?
2: Will it keep you lying low when trying to refin. a car loan and prevent CA from seeing that you are refin????
Thanks,
Ocean
#104
Posted 06 December 2005 - 10:27 PM
Would it make sense to opt in to see if I get any pre-approved offers just to see how my credit is being viewed now? I have 2 unpaid collections but I've been at the same address for 13 years and both companies know my current address and phone number so not hiding anything.
So, would opting in be a good idea or would I just end up with lots of unwanted inquiries?
So, would opting in be a good idea or would I just end up with lots of unwanted inquiries?
#105
pryan67
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Mikey, the Life cereal kid
Posted 07 December 2005 - 09:03 AM
Ok, I read thru this sticky once before and didnt see any answers for my questions...Guess I should have asked back then..
These are perhaps 2 DUH questions...but heck someone else maybe might need answers to these as well..
By OPTING OUT, Does it:
1: Prevent anyone, CA's mainly from knowing where you work?
2: Will it keep you lying low when trying to refin. a car loan and prevent CA from seeing that you are refin????
Thanks,
Ocean
Yes...unless they have an account of yours already...but you can fix that by deleting the employment information from your reports
yes...it will prevent the CRAs from selling their lists of people refinancing to CAs
#106
pryan67
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Mikey, the Life cereal kid
Posted 07 December 2005 - 09:04 AM
Would it make sense to opt in to see if I get any pre-approved offers just to see how my credit is being viewed now? I have 2 unpaid collections but I've been at the same address for 13 years and both companies know my current address and phone number so not hiding anything.
So, would opting in be a good idea or would I just end up with lots of unwanted inquiries?
Nope...doesn't make sense in my book...why shouldn't YOU choose which cards to get, or who sees your reports?
#107
pryan67
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Mikey, the Life cereal kid
Posted 07 December 2005 - 09:05 AM
CAN YOU PROVIDE PROOF FOR THAT STATEMENT???Being opted in always increases your risk of identity theft.
The way I'd look at that statement is that the more people with your personal information, the higher the risk of someone using it illegally
#108
Posted 07 December 2005 - 04:42 PM
Would it make sense to opt in to see if I get any pre-approved offers just to see how my credit is being viewed now? I have 2 unpaid collections but I've been at the same address for 13 years and both companies know my current address and phone number so not hiding anything.
So, would opting in be a good idea or would I just end up with lots of unwanted inquiries?
Nope...doesn't make sense in my book...why shouldn't YOU choose which cards to get, or who sees your reports?
But if I apply for a CC, that will mean a hard pull whereas a promotional offer would only be a soft pull, right?
#109
Posted 07 December 2005 - 05:57 PM
YOU DON'T GET NEW ACCOUNTS WITH PRM's (99%+)--RARE EXCEPTIONSWould it make sense to opt in to see if I get any pre-approved offers just to see how my credit is being viewed now? I have 2 unpaid collections but I've been at the same address for 13 years and both companies know my current address and phone number so not hiding anything.
So, would opting in be a good idea or would I just end up with lots of unwanted inquiries?
Nope...doesn't make sense in my book...why shouldn't YOU choose which cards to get, or who sees your reports?
But if I apply for a CC, that will mean a hard pull whereas a promotional offer would only be a soft pull, right?
THEY STILL "COST" A HARD
#110
Posted 07 December 2005 - 09:43 PM
YOU DON'T GET NEW ACCOUNTS WITH PRM's (99%+)--RARE EXCEPTIONSWould it make sense to opt in to see if I get any pre-approved offers just to see how my credit is being viewed now? I have 2 unpaid collections but I've been at the same address for 13 years and both companies know my current address and phone number so not hiding anything.
So, would opting in be a good idea or would I just end up with lots of unwanted inquiries?
Nope...doesn't make sense in my book...why shouldn't YOU choose which cards to get, or who sees your reports?
But if I apply for a CC, that will mean a hard pull whereas a promotional offer would only be a soft pull, right?
THEY STILL "COST" A HARD
I posted this in another thread. This was your answer. So which is it? I'm really confused now.
QUOTE(lilac59949 @ Dec 6 2005, 09:00 PM)
I opted out a few months ago. I'm wondering if it would make sense to opt in again just to see if I get any good offers since I've made a little progress cleaning things up.
PRM's help with "B"
Offers that may be better than you can get with a "COLD CALL APPLICATION"
LESS QUESTIONS!!!
Are you saying that a soft pull is used to decide if they'll make me an offer, but if I take them up on it they'll do a hard?
#111
MarvBear
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Administrator
Posted 07 December 2005 - 09:50 PM
Promotional inquiries are done with preselected criteria.
Provided you, as a consumer, meet the preselected criteria from a prospective lender they may mail you a promotional offer. This promotional offer may be a better offer than would otherwise be available to a normal consumer who made a direct application to this lender.
Since a Promotional Inquiry is not a full file disclosure, should you indicate acceptance of the promotional offer either in writing, telephonically, or via electronic means, undoubtedly it will result in a hard inquiry on your credit file.
Provided you, as a consumer, meet the preselected criteria from a prospective lender they may mail you a promotional offer. This promotional offer may be a better offer than would otherwise be available to a normal consumer who made a direct application to this lender.
Since a Promotional Inquiry is not a full file disclosure, should you indicate acceptance of the promotional offer either in writing, telephonically, or via electronic means, undoubtedly it will result in a hard inquiry on your credit file.
#112
Posted 19 December 2005 - 08:44 AM
Would there be any benefit to opting out if you are going through a chapter 7????
#113
Posted 19 December 2005 - 11:17 AM
as long as all of your debts are being discharged, no IMHO.Would there be any benefit to opting out if you are going through a chapter 7????
opting out is only for those who are being hunted by someone or who have junkmailphobia.
#114
Posted 31 December 2005 - 12:17 PM
So, by opting out, I am depriving myself of an offer that I might not be able to get otherwise?
#115
Posted 31 December 2005 - 12:21 PM
probably.So, by opting out, I am depriving myself of an offer that I might not be able to get otherwise?
#116
Posted 31 December 2005 - 07:23 PM
YES...So, by opting out, I am depriving myself of an offer that I might not be able to get otherwise?
#117
Posted 04 January 2006 - 03:25 PM
But, if you want to get a mortgage soon, you should always opt-out, right?
(I'm trying to learn!)
(I'm trying to learn!)
#118
Posted 04 January 2006 - 04:25 PM
But, if you want to get a mortgage soon, you should always opt-out, right?
(I'm trying to learn!)
It's a personal choice. Opting out reduces your risk of identity theft. Opting in will fill your mail box with credit card offers if you have great credit.
Personally, with the risk of identity theft these days, I recommend that everybody opt out.
#119
Posted 04 January 2006 - 06:00 PM
I WISH MY MAILBOX WAS FULL!!!
But, if you want to get a mortgage soon, you should always opt-out, right?
(I'm trying to learn!)
It's a personal choice. Opting out reduces your risk of identity theft. Opting in will fill your mail box with credit card offers if you have great credit.
Personally, with the risk of identity theft these days, I recommend that everybody opt out.
I WOULD PAY FOR IT TO BE FULL OF
"PRE-APPROVED" TYPE CREDIT CARD OFFERS!!!!!!!
#120
Posted 06 January 2006 - 01:26 PM
I am opted in and likely to stay that way through the mortgage process.
As I understand it, there are 2 decent reasons to opt out:
1) it helps in the part of the credit repair process where you're getting rid of the dings/baddies because it makes it more difficult for OC/CA/CRA to confirm information.
2) it makes it tougher for creditors to locate you, an especially important consideration when getting a mortgage because OC/CA can exercise more leverage to get you to pay by threatening to ding credit.
Since I am finished with the "remove the bad" part of the repair process, #1 doesn't matter any more.
Since I am not avoiding creditors (fingers crossed that I haven't forgotten someone) #2 doesn't apply.
other reasons to opt out that do not impress me much:
1) ID theft. i dunno, maybe, but it isn't obvious to me how. the only soft/promo inqs I have seen are legit credit issuers and CAs. just my sense is that this seems to me a tiny vector for ID theft in comparison to dumpster divers/mail thieves/online phishing/phone scams.
2) too much junk mail. fair enough, but like GEORGE, I like being wooed by credit offers. I guess a mailbox of offers increases the chance of ID theft because of mail theft/dumpster divers but i now have a mailbox lock (a good idea in any case) and i shred all mail (also a good idea anyway).
which leaves two good reasons for me to stay opted in.
1) i am at the part of the credit repair process that I need to open TL and increase CL without taking on too many hard inqs. yeah, the pre-approved offers aren't sure things but they seem to me to be better bets than cold-call apps. true, researching CB and creditpulls probably eliminates much of the difference, because it gives you an idea of who is likely to approve, but still.
2) the pre-approved offers occasionally contain sweeteners/perks/incentives that aren't obviously available otherwise. For example, I got a pre-screen for Chase/United a couple weeks back that offered 20k miles after first purchase and no fee the first year. The online versions through Chase/United only offered 15k miles and no fee waiver. This isn't that much in the big picture but small benefits outweigh tiny costs.
my apologies for the length and of course ymmv.
Miro
As I understand it, there are 2 decent reasons to opt out:
1) it helps in the part of the credit repair process where you're getting rid of the dings/baddies because it makes it more difficult for OC/CA/CRA to confirm information.
2) it makes it tougher for creditors to locate you, an especially important consideration when getting a mortgage because OC/CA can exercise more leverage to get you to pay by threatening to ding credit.
Since I am finished with the "remove the bad" part of the repair process, #1 doesn't matter any more.
Since I am not avoiding creditors (fingers crossed that I haven't forgotten someone) #2 doesn't apply.
other reasons to opt out that do not impress me much:
1) ID theft. i dunno, maybe, but it isn't obvious to me how. the only soft/promo inqs I have seen are legit credit issuers and CAs. just my sense is that this seems to me a tiny vector for ID theft in comparison to dumpster divers/mail thieves/online phishing/phone scams.
2) too much junk mail. fair enough, but like GEORGE, I like being wooed by credit offers. I guess a mailbox of offers increases the chance of ID theft because of mail theft/dumpster divers but i now have a mailbox lock (a good idea in any case) and i shred all mail (also a good idea anyway).
which leaves two good reasons for me to stay opted in.
1) i am at the part of the credit repair process that I need to open TL and increase CL without taking on too many hard inqs. yeah, the pre-approved offers aren't sure things but they seem to me to be better bets than cold-call apps. true, researching CB and creditpulls probably eliminates much of the difference, because it gives you an idea of who is likely to approve, but still.
2) the pre-approved offers occasionally contain sweeteners/perks/incentives that aren't obviously available otherwise. For example, I got a pre-screen for Chase/United a couple weeks back that offered 20k miles after first purchase and no fee the first year. The online versions through Chase/United only offered 15k miles and no fee waiver. This isn't that much in the big picture but small benefits outweigh tiny costs.
my apologies for the length and of course ymmv.
Miro
#121
Posted 06 January 2006 - 08:45 PM
What about Lexis Nexis?
#122
Posted 06 January 2006 - 08:51 PM
What about it???What about Lexis Nexis?
#123
Posted 07 January 2006 - 08:05 PM
What about it???
What about Lexis Nexis?
Is it necessary to opt out from them as well?
#124
Posted 07 January 2006 - 08:17 PM
"IF" YOU CAN...GO FOR IT!!!
What about it???
What about Lexis Nexis?
Is it necessary to opt out from them as well?
MANY HAVE FAILED!!!
#125
Posted 17 January 2006 - 09:09 AM
Posted Jan 6 2006, 04:45 PM
What about Lexis Nexis?
http://www.privacyri...infobrokers.htm
Lexis Nexis
www.lexisnexis.com
www.lexisnexis.com/terms/
privacy/ data/print_template.asp
www.lexisnexis.com/terms/
privacy/ data/remove.asp
LexisNexis
Name Removal
P.O. Box 933
Dayton, Ohio
45401
Update: 5/12/05
Policy now states opt out only for law enforcement, public officials, identity theft victims, those at risk for harm.
First and last name,
address, city, state,
zip code, signature, copy of police report/other documentation.
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