Your Personal Privacy is Being Invaded. Protect It!
Civilization is the progress toward a society of privacy. ~ Ayn Rand
Important information to share with your family and friends:
ALERT: YOUR NAME and INFORMATION ARE BEING SOLD —
TAKE ACTION NOW!
Having your credit checked is an important and necessary step in the home buying process, as well as something that is done on a regular basis for any number of reasons — increasing a credit line on your credit cards, applying for insurance, or buying a car.
Very few people realize that each time their credit is checked, the “inquiry data” that the credit bureaus (Equifax, TransUnion, Innovis or Experian) have on file now becomes a commodity. This information is sold by the credit bureaus to other lenders… and also to companies that sell and resell the your name and personal information.
That’s right — the credit bureaus have found a way to increase their revenues at your expense… and without your permission! These “inquiry leads” include name, address, phone numbers (including unlisted), credit score, current debt and debt history, property information, age, gender and estimated income. They are selling your personal, confidential information to competing creditors… and making millions. Your privacy is being sold, not just once, but over and over again.
And lenders that purchase these leads at a premium will then do everything they can to recoup their investment and turn a hefty profit. Super sneaky bait and switch tactics are being used to lure clients away from their reputable lender. Clients have even been called by disreputable personnel and told that the lender they had been speaking to previously “passed on” the information to them, because they knew that they’d be able to offer much better interest rates and terms. Ouch!
The good news is that you can make it stop, right away.
Opt out to protect your privacy
The consumer credit reporting industry has provided a way to “opt out” and remove your name from these lists. You can contact them by phone at
or online at http://www.optoutprescreen.com/.
You must opt out at least 48 hours prior to having your credit checked to make sure it is processed in time.
Pass this information on to everyone you know — your friends, family members, neighbors and coworkers.
You can choose a five year term or a lifetime option. The lifetime option requires a signed form to be mailed. If a credit report needs to be run prior to the 48 hour waiting period — at least you are aware and informed, and can be on the lookout for suspicious phone calls or mailers from someone who has purchased your data.
BONUS: Opting out will also protect you from “pre-approved credit offers” arriving via mail… one of the leading causes of identity theft in the US.
You certainly have the right to shop for the best professional to meet your lending needs — but this should be done when and how YOU choose, not being done without your consent or permission. Looking around should be on your terms, not being done as a sneak attack, because they think you won’t know better. Unfortunately, these unsolicited marketing tactics are a nuisance and intrusive, but quite legal.
So take your privacy back. Take five minutes right now — opt out, and pass it on. Refuse to be a part of this system!
- Explain to your kids that they can safeguard their personal privacy
- Make sure social network privacy settings are set to the most restricted levels
- Do not under any circumstances give your password to anyone.
- Explain to kids that what they post is never as private as they think
- Encourage kids to self-reflect before they self-reveal
- No geo-location applications are age-appropriate for kids and teens
- Make sure kids know to respect other people’s privacy
This information is being provided as a courtesy of Steve Myers – 703-622-8218.