![]() ![]() ![]() PDS Planning assumes no liability for the interpretation or use of this report. Opinions expressed in this report are not necessarily the opinions of PDS Planning and are subject to change without notice. It is provided with the understanding that no fiduciary relationship exists because of this report. Although information has been obtained from and is based upon sources PDS Planning believes to be reliable, we do not guarantee its accuracy. This material is distributed by PDS Planning, Inc. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment, strategy, or product or any non-investment related content, made reference to directly or indirectly in this newsletter, will be suitable for your individual situation, or prove successful. Please remember that past performance may not be indicative of future results. will need to complete their own request(s) to be removed even if they reside at the same address. Spouses, significant others, adult children, etc. Remember, each request only applies to an individual person. To be removed permanently, you will need to fill out, sign, and date their Permanent Opt-Out form HERE and either fax or mail using the instructions provided. To be removed for 5 years, simply complete their electronic form HERE. Both the 5-year and permanent options are available by clicking the button at the bottom of the home page.Ģ.) Outside of the joint venture among the major reporting agencies, SageStream is another entity that collects and shares your credit information. ![]() You can easily opt out for 5 years by completing their online form electronically, or you can print and mail a form to be permanently excluded. is a collaboration between Equifax, Experian, Innovis, and TransUnion allowing you to opt out of receiving solicitations by mail. The Federal Trade Commission (FTC) provides a helpful overview of what prescreened credit and insurance offers are along with Frequently Asked Questions (FAQ) and links to helpful resources HERE.ġ.) If you choose to Opt Out, the primary way is to prohibit sharing from the major credit bureaus. A potential downside to opting out is that you will no longer receive offers that may be better than your current credit cards, loans, and insurance policies however, you can easily find available offers online or by working with a trusted financial advisor for recommendations. In addition to information privacy benefits, you will notice a significant reduction in junk mail filling up your mailbox. You may still receive offers from companies (and their subsidiaries and affiliates) where you already have accounts. By doing so, lenders and insurance companies are prohibited from providing unsolicited offers to you. Why Opt-Out?Īn additional way to prevent identity theft by reducing the sharing of your information is by opting out of all pre-screened credit and insurance offers. However, if you choose to do this, you will need to temporarily unfreeze your reports when applying for any new forms of credit. Reminder: Free Credit FreezeĪs we discussed in a previous blog post, “Free Credit Freeze”, you can freeze your credit reports free of charge to prevent potential fraudulent applications for credit and reduce the risk of identity theft. ![]() Unless you “Opt-Out”, your personal information is widely shared among companies to inundate you (and your mailbox) with applications and offers for their various financial products. Prescreened offers (sometimes called “preapproved” offers) are based on information in your credit report. Many companies that solicit new credit card accounts and insurance policies use prescreening to identify potential customers for the products they offer. How to Opt-Out of Prescreened Credit & Insurance Offers ![]()
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