Re: opt out??

Posted by JKelly (151.197.123.138) on June 21, 2004 at 16:45:06:

In Reply to: opt out?? posted by klb on June 21, 2004 at 09:28:54:

The CRA's sell their lists of data to companies that pay for it, this data comprises of just the name and address of the prrson and also if the subscriber has paid for the additional service, a listing on people who have recently moved, or obtained new phone service, or are applhying for a mortgage or car loan.
If you have good credit, and your zip code is in the correct demographics, you will get solicitations from credit card companies for very good offers of credit. if you have poor credit, you will get offers from sub-prome companies.
If you name pops up on a list that a garbage CA has purchased, they will match if (all done by an automatic proram) with accounts that have defaulted, 5-10 sometimes 15 years ago. it may not even BE your account, they will will put it on your credit reports as if it is ia fresh collection account.
The reason they get away with this, is that they frequently do tis poisoning of your reports just when you are getting ready to close on a mortgage loan, and will pay just to get rid of them.
So, if you have good credit, want offers of credit, have NO old accounts that will resurface and have an uncommon name, you do not need to OPT OUT, everyone else DOES.
http://www.pirg.org/consumer/credit/bureaus.htm

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