Credit Cards Center Credit cards from our partners
Reply
Frequent Contributor
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!!!
Valued Contributor
Posts: 1,104
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, Pen Fed Promise, Citi (3), Chase (6), US Bank Cash+, Huntington Voice, UMB Visa, Nasa Plat Cash Visa, Barclay's Visa, Discover IT, Cap One QS, BOA (2), BMW Visa, 5/3 Real Life Rewards MC; FNBO Amex; Comenity Visa/MC (4), Ebates Visa Siggy, Nordstrom Visa, Walmart MC, Sam's Club MC; A few assorted store cards.

Current Scores (12/1/16): EQ My Fico: 801; TU MyFico: 792; EX (My Fico): 797
Member
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.

 

 

 

Frequent Contributor
Posts: 403
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: 4/2016 - TU 841 | EQ 840 | EX 837

FNBO 23,600 | Amex SPG 13,900 | Amex BCP 13,400 | Barclays/Sallie Mae13,000 | Discover IT 12,500 | Lowes 10,000 | PLOC 9,300 | NASA FCU 8,700 | Citi Simplicity 6,200 | BOA Platinum+ 6,000 | Achieva CU 5,500 | Chase CSP 5,000 | Sam's Club 3,000 | Sears 900
Senior Contributor
Posts: 3,345
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!

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.