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Opting Out doesn't last five years.

Senior Contributor

Opting Out doesn't last five years.

Somehow DH got opted in.  How do I know?  Mail!

 

Also, Dear Brother also got opted back in last year!  (Same thing, mail).

 

How does a person get opted in when they didn't ask for it?  It's a scam.

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720
4 REPLIES
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Valued Contributor

Re: Opting Out doesn't last five years.

There is/was more than one to opt out. One way was for a limited time and the other was permanently. I opeted out over a decade ago and still no offers.

Equifax My FICO score 814 11/29/2016, Discover TU FICO 807 12/29/2016 Citibank Equifax Bankcard FICO score 827 12/27/2016 Average of Accounts 13 years and no Installment accounts, 1 TU inquiry in 2015
Member

Re: Opting Out doesn't last five years.

Community Leader
Epic Contributor

Re: Opting Out doesn't last five years.

The opt-out process is specified in FCRA 604(c).

If the consumer notifies the CRA that they wish their name to be excluded from any list provided by the CRA to those requesting the consumer's name and address for sending firm offers of credit, the CRA is required to send the consumer a formal notice of election form under their estalbished notification system.

 

If the consumer does not sign and return that notification form, along with proper proof of identity, the opt-out automatically expires after five years.  The CRA is not required to send notification of that expiration... it is automatic based on the consumer's failure to have provided the signed election form.

Senior Contributor

Re: Opting Out doesn't last five years.

It has been about 1.5 years.  No longer.  For both DB and DH.  I know about the 5 years, and yes, thanks, I did go to that site to opt out for all of us. 

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720