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Posts: 127
Registered: ‎12-11-2012

opt out for points

I am 5 points from being able to close on my home. Yay.
My realtor mentioned that I could pick up 5 points if I opt out of pre approved CC offers. Has anyone tried this? I may be able to get an extension but I don't want to take a chance.
Thanks everyone!
Valued Contributor
Posts: 1,228
Registered: ‎05-10-2012

Re: opt out for points

How would that theoretically work?

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Posts: 13,897
Registered: ‎04-15-2011

Re: opt out for points

Opting out has nothing to do with score, so no this would not work.  What it might do is keep the CRAs from selling your information to a CA and have something pop up at the last second.  So it is always a good idea to opt out while mortgage shopping.

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Posts: 127
Registered: ‎12-11-2012

Re: opt out for points

Thanks shogun. We are scheduled to close on 12-28. Looks like I'm not going to make it. I did notice on my copy of the credit report that my auto loan and furniture loan hadn't yet reported this month. I wonder if that will give me a few points?
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007

Re: opt out for points

I'll add that I've seen the same before. It's untrue on a FICO scoring perspective as mentioned. Maybe at one point in time someone opted out, utilization changed and their score went up, and they attributed the increase to opting out and posted about it. Rumors and incorrect info spreads easily in the credit realm.

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