Today when you apply for a new loan or refinance, credit bureaus can sell your entire credit report to competing financial institutions. This means that anyone in those institutions will have access to your personal information. They will have your social security number, your contact information, and your credit card information. In addition, you also can receive unwanted emails, phone calls and junk mail from random lenders trying to solicit your business.
This is completely legal and the only way to stop it from happening to you is to log onto www.optoutprescreen.com and request your information not be shared with anyone for 5 years. It has to be done at least 5 days prior to letting anyone pull your credit report since it takes that long for it to take be processed.
If you choose to shop for a mortgage, make sure you are only giving your information to reputable lenders that have been referred to you or have a known track record of solid performance. Do not just let your personal information out to anyone and everyone!
www.optoutprescreen.com
Wednesday, April 4, 2007
Protect your personal and financial information
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment