Comments on: Opt Out of PreScreen Credit and Insurance Offers http://sweatingthebigstuff.com/opt-out-of-prescreen-credit-and-insurance-offers/ Spending Wisely: Making Smart Personal Finance Decisions Mon, 21 May 2012 18:03:31 +0000 hourly 1 By: Oblio http://sweatingthebigstuff.com/opt-out-of-prescreen-credit-and-insurance-offers/comment-page-1/#comment-29432 Oblio Thu, 15 Mar 2012 13:39:45 +0000 http://sweatingthebigstuff.com/?p=2304#comment-29432 @Aaron @ Clarifinancial, Great points Aaron! @Evan, I only want items in my mailbox from parties with whom I have specifically provided my name and address. Furthermore, it is somewhat insulting to receive unsolicited offers for credit or insurance - as if I am some person who is desperate for short-term loans or who is incapable of choosing products on my own. I am neither of those things. @Aaron @ Clarifinancial,
Great points Aaron!

@Evan,
I only want items in my mailbox from parties with whom I have specifically provided my name and address. Furthermore, it is somewhat insulting to receive unsolicited offers for credit or insurance – as if I am some person who is desperate for short-term loans or who is incapable of choosing products on my own. I am neither of those things.

]]> By: Oblio http://sweatingthebigstuff.com/opt-out-of-prescreen-credit-and-insurance-offers/comment-page-1/#comment-29430 Oblio Thu, 15 Mar 2012 13:32:46 +0000 http://sweatingthebigstuff.com/?p=2304#comment-29430 @Evan, The opt-out is great for people who are confident they have the ability to seek products on their own without receiving a deluge of wasted paper clog their mailbox. At a minimum, opt-out saves paper. More importantly, it may prevent credit fraud if some crook intercepts an unsolicited credit card offer. @Evan,

The opt-out is great for people who are confident they have the ability to seek products on their own without receiving a deluge of wasted paper clog their mailbox.

At a minimum, opt-out saves paper. More importantly, it may prevent credit fraud if some crook intercepts an unsolicited credit card offer.

]]> By: Investor Junkie http://sweatingthebigstuff.com/opt-out-of-prescreen-credit-and-insurance-offers/comment-page-1/#comment-2367 Investor Junkie Wed, 26 May 2010 13:45:44 +0000 http://sweatingthebigstuff.com/?p=2304#comment-2367 @Aaron While I agree web sites you can find any public offers. Banks (at least used to) offer private deals to the high FICO score people that you couldn't find anywhere else. I had a 4.9% fixed rate (that they decided to change to variable on me but is another story) that I got in the mail 6 years ago. Credit card rates were much higher and the best public offers out there were not as low. .-= Investor Junkie´s last blog ..<a href="http://investorjunkie.com/ive-joined-the-yakezie-challenge?utm_source=rss&utm_medium=rss&utm_campaign=ive-joined-the-yakezie-challenge" rel="nofollow">I’ve Joined the Yakezie Challenge!</a> =-. @Aaron While I agree web sites you can find any public offers. Banks (at least used to) offer private deals to the high FICO score people that you couldn’t find anywhere else.

I had a 4.9% fixed rate (that they decided to change to variable on me but is another story) that I got in the mail 6 years ago. Credit card rates were much higher and the best public offers out there were not as low.
.-= Investor Junkie´s last blog ..I’ve Joined the Yakezie Challenge! =-.

]]> By: Aaron @ Clarifinancial http://sweatingthebigstuff.com/opt-out-of-prescreen-credit-and-insurance-offers/comment-page-1/#comment-2366 Aaron @ Clarifinancial Wed, 26 May 2010 13:41:05 +0000 http://sweatingthebigstuff.com/?p=2304#comment-2366 I have to disagree. I don't think there are any disadvantages. In fact, if I could opt out of these local "newletters, magazines, and newspapers" I would. The ones that contain content beyond advertisements are only good for a laugh on their way to the bin. If you decide it's really time to comparison shop, there are lots of websites out there: creditcardchaser.com and nerdwallet.com come to mind right away. @Evan I see most mail as a distraction from what's really important. I want to get my bills, Netflix, and my Automobile magazine. That's about it. So when I get it, I sort into three piles: one for me, one for my wife, and one for trash. Then I take care of my mail, if any and move on with my life. My goal is to make this as easy and quick as possible. It's easier to avoid something than to throw it away every time - like having a pop-up blocker on your browser. I have to disagree. I don’t think there are any disadvantages. In fact, if I could opt out of these local “newletters, magazines, and newspapers” I would. The ones that contain content beyond advertisements are only good for a laugh on their way to the bin.

If you decide it’s really time to comparison shop, there are lots of websites out there: creditcardchaser.com and nerdwallet.com come to mind right away.

@Evan I see most mail as a distraction from what’s really important. I want to get my bills, Netflix, and my Automobile magazine. That’s about it. So when I get it, I sort into three piles: one for me, one for my wife, and one for trash. Then I take care of my mail, if any and move on with my life. My goal is to make this as easy and quick as possible. It’s easier to avoid something than to throw it away every time – like having a pop-up blocker on your browser.

]]> By: ira http://sweatingthebigstuff.com/opt-out-of-prescreen-credit-and-insurance-offers/comment-page-1/#comment-2335 ira Mon, 24 May 2010 21:03:42 +0000 http://sweatingthebigstuff.com/?p=2304#comment-2335 I did follow the link and opted out (5 years - not sure why I didn't just opt out for life - I guess I figure I could always re-opt out in 5 years). I used to like getting these 0% offers when they were real. But, over the past year or two, all of the 0% offers come with a 4-5% balance transfer fee. Since you pay that fee up front, the APR is even higher. I think it's a scam to call it 0% and then have a "fee" - by definition it's not 0%! Ira I did follow the link and opted out (5 years – not sure why I didn’t just opt out for life – I guess I figure I could always re-opt out in 5 years). I used to like getting these 0% offers when they were real. But, over the past year or two, all of the 0% offers come with a 4-5% balance transfer fee. Since you pay that fee up front, the APR is even higher. I think it’s a scam to call it 0% and then have a “fee” – by definition it’s not 0%!

Ira

]]> By: Investor Junkie http://sweatingthebigstuff.com/opt-out-of-prescreen-credit-and-insurance-offers/comment-page-1/#comment-2331 Investor Junkie Mon, 24 May 2010 19:00:09 +0000 http://sweatingthebigstuff.com/?p=2304#comment-2331 I did this a few years ago. While it's great I get less junk, I kinda miss the 0% transfer promotions I don't get anymore. :-( .-= Investor Junkie´s last blog ..<a href="http://investorjunkie.com/fidelity-investment-rewards-visa-card-review?utm_source=rss&utm_medium=rss&utm_campaign=fidelity-investment-rewards-visa-card-review" rel="nofollow">Fidelity Investment Rewards Visa Card Review</a> =-. I did this a few years ago. While it’s great I get less junk, I kinda miss the 0% transfer promotions I don’t get anymore. :-(
.-= Investor Junkie´s last blog ..Fidelity Investment Rewards Visa Card Review =-.

]]> By: Daniel http://sweatingthebigstuff.com/opt-out-of-prescreen-credit-and-insurance-offers/comment-page-1/#comment-2330 Daniel Mon, 24 May 2010 17:02:36 +0000 http://sweatingthebigstuff.com/?p=2304#comment-2330 @Evan, I absolutely hate all the junk mail I get. I don't like getting enticed to visit a store with a "great" sale. When I need to shop, I can go and find what I'm looking for. @Evan, I absolutely hate all the junk mail I get. I don’t like getting enticed to visit a store with a “great” sale. When I need to shop, I can go and find what I’m looking for.

]]> By: Everyday Tips http://sweatingthebigstuff.com/opt-out-of-prescreen-credit-and-insurance-offers/comment-page-1/#comment-2327 Everyday Tips Mon, 24 May 2010 15:41:02 +0000 http://sweatingthebigstuff.com/?p=2304#comment-2327 I will be opting out as soon as I finish this comment. I am very content with my current credit cards and I can do research if I ever get disgruntled. I also think these cards should not be send to those under the age of 21. I think credit is too darn easy to get and abuse when you are in college. .-= Everyday Tips´s last blog ..<a href="http://feedproxy.google.com/~r/EverydayTipsAndThoughts/~3/dxzyIHDhZwg/" rel="nofollow">How Far Are You Willing To Go To Save Money?</a> =-. I will be opting out as soon as I finish this comment. I am very content with my current credit cards and I can do research if I ever get disgruntled.

I also think these cards should not be send to those under the age of 21. I think credit is too darn easy to get and abuse when you are in college.
.-= Everyday Tips´s last blog ..How Far Are You Willing To Go To Save Money? =-.

]]> By: Evan http://sweatingthebigstuff.com/opt-out-of-prescreen-credit-and-insurance-offers/comment-page-1/#comment-2325 Evan Mon, 24 May 2010 15:34:54 +0000 http://sweatingthebigstuff.com/?p=2304#comment-2325 I never REALLY understand the opt out. How hard is it to throw something away? I like knowing what products are out there and who is interested in me. .-= Evan´s last blog ..<a href="http://www.myjourneytomillions.com/articles/wtdirect-customers-bank-bonus-500/" rel="nofollow">WTDirect Gives New Customers a Bank Bonus of up to $500</a> =-. I never REALLY understand the opt out. How hard is it to throw something away? I like knowing what products are out there and who is interested in me.
.-= Evan´s last blog ..WTDirect Gives New Customers a Bank Bonus of up to $500 =-.

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