Sunday, August 03, 2008

Opting Out of Credit Card and Insurance Offers

We get a number of unsolicited offers for credit cards and insurance in the mail each week. They are accompanied, of course, by a mail-back form, and parts of this correspondence have certain of our identifying information on them. So we put these items through the shredder.

According to the January 2008 issue of the AAII Journal,

Under Fair Credit Reporting Ace (FCRA),consumer credit reporting companies are permitted to include your name on lists used by creditors or insurers to make firm offers of credit or insurance that are not initiated by you. However, the act provides individuals the right to "opt-out," which prevents these companies from providing your credit file information for firm offers.

To "opt out" for five years, go to, and you can register not to receive these mailings.

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