OptOutPrescreen.com is a joint venture among Equifax, Experian,

Innovis Innovis is the credit reporting division of CBC Companies and is considered the fourth largest consumer credit reporting agency in the United States, behind the “big three” Experian, TransUnion, and Equifax. Based in Columbus, Ohio, the co ...

, and

TransUnion TransUnion is an American consumer credit reporting agency. TransUnion collects and aggregates information on over one billion individual consumers in over thirty countries including "200 million files profiling nearly every credit-active consume ...

, allowing customers to

opt out The term opt-out refers to several methods by which individuals can avoid receiving unsolicited product or service information. This option is usually associated with direct marketing campaigns such as e-mail marketing or direct mail. A list of thos ...

of receiving

credit card A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the o ...

solicitations by mail. Under the

Fair Credit Reporting Act The Fair Credit Reporting Act (FCRA), 15 U.S.C. § 1681 ''et seq'', is U.S. Federal Government legislation enacted to promote the accuracy, fairness, and privacy of consumer information contained in the files of consumer reporting agencies. It ...

(FCRA), consumer reporting agencies are permitted to include customers' names on lists used by creditors or insurers to make offers of credit or

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

that are not initiated by the customer. The FCRA also provides customers the right to opt out, which prevents consumer reporting agencies from providing credit file information to others. Beginning on August 1, 2005, the

Fair and Accurate Credit Transactions Act The Fair and Accurate Credit Transactions Act of 2003 (FACT Act or FACTA, ) is a United States federal law, passed by the United States Congress on November 22, 2003, and signed by President George W. Bush on December 4, 2003, as an amendment to ...

of 2003 took effect, which amended the FCRA to require consumer reporting agencies to include in their credit offers a statement allowing customers to stop unsolicited offers either by phone (1-888-5OPTOUT or 1-888-567-8688) or via https://www.optoutprescreen.com/ The opt out process allows users to choose from three options: # Opt-In: Your name will be eligible for inclusion on lists used for Firm Offers of credit or insurance. # Electronic Opt-Out for 5 years: Your name will not be eligible for inclusion on lists used for Firm Offers of credit or insurance for five years. # Permanent Opt-Out by Mail: Your name will no longer be eligible for inclusion on lists for Firm Offers of credit or insurance In order to permanently Opt-Out of unsolicited offers, you must buy a stamp and print and mail a physical paper Permanent Opt-Out Election form. There is no option to permanently opt out electronically. The OptOutPrescreen.com website is not accessible by users of

ISP An Internet service provider (ISP) is an organization that provides services for accessing, using, or participating in the Internet. ISPs can be organized in various forms, such as commercial, community-owned, non-profit, or otherwise private ...

s located outside the United States and the

U.S. Territories Territories of the United States are sub-national administrative divisions overseen by the federal government of the United States. The various American territories differ from the U.S. states and tribal reservations as they are not sover ...

References

{{reflist

External links

*http://www.optoutprescreen.com *https://www.experian.com/blogs/ask-experian/credit-education/faqs/preapproved-credit-offers/opt-out/ Direct marketing Information privacy