Unsolicited Credit Offers
Here’s why you receive unsolicited credit offers after applying for a loan.
Here are the keys to understanding trigger leads.
What are Trigger Leads?
Trigger leads are leads provided by credit reporting agencies to lenders and insurance companies who purchase credit reporting data to identify prospective customers. These leads are triggered when a lender pulls a credit report to qualify a customer for a loan.
Under the Fair Credit Reporting Act (FCRA), credit reporting agencies like Equifax, Experian, and Transunion can share an individual’s credit data with companies that choose to purchase it to provide prequalified offers of credit. The intent of this portion of the FCRA is to ensure consumers are aware of the various types of credit offers available to them.
The FCRA also provides you with the right to opt out of receiving such offers.
Opting Out of Unsolicited Offers
Unsolicited Prescreened Offers
You may opt out of receiving unsolicited prescreened offers for five years or permanently.
- Online: www.optoutprescreen.com
- Phone: 888-5-OPT-OUT
National Do Not Call List
You may also add your number to the national Do Not Call list to help prevent trigger leads and other unsolicited sales calls.
- Online: www.donotcall.gov
- Phone: 888-382-1222
Helping you cultivate financial success
Here are some important tips to consider to help protect your information.
Here’s a roundup of eight ways BankWest can make your life more streamlined – helping you make smarter financial choices wherever you might be.
Stay in control of your finances from anywhere life takes you.