Debt Cures - Opt Out!
November 22nd, 2008 | by admin |It happens nearly every day to millions of us across the United States. We go to our mailbox and find a mailing saying that we are pre-approved for a new credit card. These letters not only clutter our mailbox and annoy us, but they may also be hurting our credit score.
Kevin Trudeau, author of Debt Cures says that everyone should do their best to improve their credit score. Because banks and other lenders charge higher interest rates to people with low credit scores, it can cost you thousands of dollars to receive the credit card offers. How can that be? Because each time a credit card company tries to “pre-screen” you for a new card it counts against you and your credit score goes down. Trudeau says this is another example of how lenders are ripping off the American consumer. They drive down your credit score so they can charge you more.
Fortunately there is a way to change this. Trudeau says you have the right to opt out of these mailings. Simply go to the website www.optoutprescreen.com. In a few minutes you will be able to complete an online form to stop the mailings. You have the option of opting out for 5 years, or for life if you choose to. You can also choose to opt back in at a later date if it becomes advantageous to do so. If you don’t have access to the internet you can also telephone 1-888-5OPTOUT.
Trudeau says you should not be pushed around by the credit card company giants. Take a step of action and help prefer your credit score. In addition to his book, Trudeau offers a newsletter with other helpful information to help you stay out of debt.
