Raise your hand if you think the big banks, mortgage brokers, Credit Bureaus and finance companies do everything they possibly can to make a buck. Now that I see you all have your hands up, let me tell you about one more thing they do that you’ve probably never heard about.
The Credit bureaus have alerting systems that many of the big banks, mortgage brokers, and finance companies subscribe to in an attempt to get leads on people applying for a loan.
Here’s how it works. When you fill out a loan application, the lender pulls a credit report to see your payment history and other financial information. Interestingly, the credit bureaus offer a service to alert subscribing lenders that a certain type of inquiry just occurred and the provide these companies your financial information.
Guess what happens next – you got it, your Mail box fills up with offers and your phone rings off the hook!! If you were asked, I am certain that most of you wouldn’t consent to this sharing of your information.
What can you do? For starters you can contact each of the credit bureaus asking them to place you on their “do not market” list. Be specific that you want to be on both the “do not mail” and “do not call” lists. Include your current and previous address and full name. Here are the contact details for each bureau:
Credit Bureau Main Opt-Out Line (888) 567-8688
DMA – Direct Marketing Association Opt-Out
Mail Preference Service
P.O. Box 282
Carmel, NY 10512
Telephone Preference Service
Direct Marketing Association
PO Box 1559
Carmel, NY 10512
The DMA is an industry organization that major direct mailers join and the company provides members a list of people who want to opt-out of mail or telemarketing campaigns.
List Brokers
These companies sell mailing lists to businesses and organizations. Write all of them and ask them to remove your name from all their lists.
Dunn & Bradstreet Metromail Corporation R.L. Polk & Co. – Name Deletion File Database America
Customer Service
899 Eaton Ave.
Bethlehem, PA 18025
List Maintenance
901 West Bond
Lincoln, NE 68521
List Compilation Development
26955 Northwestern Hwy
Southfield, MI 48034-4716
Compilation Department
470 Chestnut Ridge Road
Woodcliff, NJ 07677
This post first appeared on Take Charge Of Your Financial Future! | Helpful Information From Addventure Capital, please read the originial post: here
