Crapital One is one of the most abusive solicitors where they will "blind" shoot you an offer claiming they have reviewed you because in their fine print they say that "being preapproved is not a promise of credit...500-10000...based on your credit worthiness." This means IF you send them the application, you just gave them permission to pull it and then decide.
These bastards use regular mailing/solicitation lists to hit people up and how do I know this? I kept getting offers in the name of a character I used as a joke to order my friend a birthday gift. Name: Nerdy McDork and since this name is made up, there is no way in hell there is a credit report for it to be reviewed. However, this name will and most likely has been leaked by the shop where I got his birthday gift to mass mailing lists and catalogs. Hence how I know they use secondary lists and not just credit screens.
Its a bitch but the best you can do is write them directly and tell them to take you off of it. However, no guarantee that it won't show up again on their list from another source at a later date. I had to ask them 4 times with increasing threat level for them to finally stop sending me offers. Good luck.
These bastards use regular mailing/solicitation lists to hit people up and how do I know this? I kept getting offers in the name of a character I used as a joke to order my friend a birthday gift. Name: Nerdy McDork and since this name is made up, there is no way in hell there is a credit report for it to be reviewed. However, this name will and most likely has been leaked by the shop where I got his birthday gift to mass mailing lists and catalogs. Hence how I know they use secondary lists and not just credit screens.
Its a bitch but the best you can do is write them directly and tell them to take you off of it. However, no guarantee that it won't show up again on their list from another source at a later date. I had to ask them 4 times with increasing threat level for them to finally stop sending me offers. Good luck.
@Anonymous wrote:
When I checked my credit report, I saw that Capital One checked my credit (soft hit) 12 times in 10 months. I've never had an account with them.
After doing the opt-out deal, nothing from them.
Opting out blocks creditors from softing you with a -PRM (promotional) prefix. Those -PRM softs look to see if your credit reports fit a general range of qualifications. They don't get all the gory details of your reports. If you are in this range, they receive your name and address so that they can mail you offers. This block on -PRM softs is what causes these mailings to dry up.
Existing creditors can continue to soft you to see how you're handling your overall credit. These softs have an -AR or -AM prefix. (account review, account maintenance)
So it sounds like your opt-out is working! (There often seem to be holes in the program.)
edited to clarify the softs by existing creditors. I suppose that technically these things aren't prefices, but that's the only word that I can seem to come up with.
Message Edited by haulingthescoreup on 09-17-2008 08:35 AM
Yeah I notice myself that once I opt-out the only "junk mail" offers I get is from my Cap1 and ATT wireless accounts. I did notice that inquiries on my reports are not as heavy as before. Only see what I have applied for.
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I opted out MANY times and it seems to never make it stop. I had to finally mail in a formal letter to the three bureaus and ask them to put not only a promotional block but also a fraud and security alert. It dried up REAL fast.
I mean its a pain in the ass a bit that I can't get "INSTANT" credit and have to jump through the hoops a bit when starting something new but since I don't run around getting credit all the time, a little extra pain is worth the protection.
I mean its a pain in the ass a bit that I can't get "INSTANT" credit and have to jump through the hoops a bit when starting something new but since I don't run around getting credit all the time, a little extra pain is worth the protection.