Opting out

[Anonymous]

I have seen some people on the forums in different sections talk about opting out. What exactly is this and what are the pros/cons of doing it?

[Sobo]

You cna opt out of pre-approval offers. Supposedly it bumps your score 10-20 points, but I opted out and didn't see a bump.

[esmer0924]

I did the same and I didn't see a bump either a few weeks ago

[cwwatts1202]

I didnt see a bump either. In fact I got a 30 pt drop (wasn't bc of that though, no idea what caused it) 

[Anonymous]

In another section I saw someone post about it and I can't remember the post or I would go back to it, but they made it sound like if you opt out CA's can't soft pull you.  Like before doing a mortgage app I think is what it was, so they couldn't pull your credit.

[cwwatts1202]

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@Anonymous wrote:

In another section I saw someone post about it and I can't remember the post or I would go back to it, but they made it sound like if you opt out CA's can't soft pull you.  Like before doing a mortgage app I think is what it was, so they couldn't pull your credit.

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Well SP dont hurt anyway and wouldnt affect a mortgage app.

[Anonymous]

I wish I could remember exactly how it was stated......

It made it sound like before you do a mortgage app you will want to opt out, almost made it sound like those old creditors that aren't on your report couldn't realize you were doing a mortgage app and start trying to collect again.

[Shogun]

Opting out does not affect your scores one way or another.

[PeacefulP]

I remember reading what cookiebird is talking about. It wasn't related to credit score. It was about making it so CAs can't see that you've applied for a mortgage, because some times that triggers them to do things to your account and lower your score...

[cyberone28]

@ shogun well i opted out 2 weeks ago and suddenly i got a 32 score bump... i applied for a car loan yesterday and they hit me with 6 inquiries i doubt those inquiries were the reason my scores bump..