Reply
Frequent Contributor
Autumnslight
Posts: 311
Registered: ‎07-08-2012
0

Pre-Approvals & Opting-Out

I know that when you opt-out, lenders can no longer soft pull your credit report for promotional purposes and send you offers in the mail. Does the opt-out also prevent any offers from showing up if you go to use a certain lender's "Check your offers" type feature on their website?

 

I'm opted out, because I don't want random unsolicited soft pulls and mail. But, I'd like the option to be able to choose to go to a particular lender and see if they have anything for me. I'm guessing I'm probably out of luck, but was wondering if anyone knew for sure?

Scores:
07/29/12: EX FICO (Amex) 684 | EQ MyFICO 631 | TU Walmart 695
Current: EX FICO (MyFICO) 733 | EQ (MyFICO) 683 | TU (Walmart) 745

First Goal: 700+ across the board - Got it on EX & TU!!!
Established Contributor
emptypockets
Posts: 989
Registered: ‎02-03-2009
0

Re: Pre-Approvals & Opting-Out

When I was opted out, I still would get offers shoing from current creditors (AMEX). When you got to various other sites (Discover, Cap One, etc), I think you would still be able to get offers because usually you have to fill out a form to identify yourself and authorize the soft pull. However, if you had a freeze on your reports, I don't think you can authorize soft pulls.


CC's: AMEX (4), Alliant Visa, PenFed AMEX, Nordstrom Visa,US Bank Cash+, Chase (5), Huntington Voice, UMB Visa, Nasa FCU Plat Cash Visa, Barclay's Visa, Citi (4), Discover IT, Walmart Discover, Sam's MC, Cabela's Visa, Cap One QS, BOA (2), BMW Visa, Comenity Visa/MC (3), Ebates Visa Siggy, 5/3 RLR MC, Macy's AMEX; Several store cards.

Current Scores: EQ (6/14): 800; TU MyFico (6/14): 814; Walmart TU Fico 08 (10/2014): 813; EX (6/14): 775
Member
kjhgljhlhg9835893u5t89ldk
Posts: 19
Registered: ‎08-17-2012
0

Re: Pre-Approvals & Opting-Out

[ Edited ]

Autumnslight wrote:

I know that when you opt-out, lenders can no longer soft pull your credit report for promotional purposes and send you offers in the mail. Does the opt-out also prevent any offers from showing up if you go to use a certain lender's "Check your offers" type feature on their website?

 

I'm opted out, because I don't want random unsolicited soft pulls and mail. But, I'd like the option to be able to choose to go to a particular lender and see if they have anything for me. I'm guessing I'm probably out of luck, but was wondering if anyone knew for sure?


Good Question...I also want to know.  Does anyone know?

 

Me:  I am opted out via optoutprescreen, and I am a full usaa member.  

       Usaa also has a place under "my profile" where members can optout from their (usaa's) promotional offers/pre-approvals.

       I have no open TL with Usaa, but I kinda would like to know if they see me as pre-approval worthy.

       I know that optoutprescreen doesn't stop CURRENT lenders from Soft pulling you, but I have no CURRENT (IOW, OPEN) TL's with usaa, so my question is:  if i am opted out via optprescreen, but OPT IN on my Usaa Account, will I be able to get Usaa to soft pull me (if they choose to) with out having any OPEN TL's with them.

 

 

 

Regular Contributor
SpiceIslander
Posts: 331
Registered: ‎02-01-2010
0

Re: Pre-Approvals & Opting-Out

The way I understand it is this:

 

If you have any account with a creditor, they can soft pull whenever they feel like it, regardless of whether you're opted out or not. Creditors and banks also have terms in their privacy disclosures that enables them to share your information with 3rd parties. Unless you opt-out of those, you may still get solicitations.

Meg.

FICO: 04/2014 - TU 765 | EQ ??? | EX 768

Amex BCP 12900 | Lowes 10,000 | LOC 9300 | Sallie Mae/Barclays World MC 9000 | FNBO 8900 | BOA Platinum+ 6000 | Citi Simplicity 5200 | Chase CSP 5000 | Achieva CU 4000 | Discover 4000 | Sam's Club 3000 | Sears 900
Senior Contributor
bichonmom
Posts: 3,318
Registered: ‎05-05-2011
0

Re: Pre-Approvals & Opting-Out

Current creditors can SP you regardless of being opted out or having your CR frozen. They base offers you might see when you're logged in on your most recent SP and also your history with them. So, opting out will not prevent you from getting those types of offers from your current creditors. But you won't get the typical "pre-approved" promo mailers.

 

That said, there are posts here from people who have opted out and still receive credit card offers.

 

 

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*
EQ FICO 750 | TU FICO 761 (Walmart) | EX FAKO 767 | Goal: 800+

Edits, funky spacing and spelling due to my iPad not getting along with the forum editor!


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}