Jim’s Mortgage Corner | Gjrealestate


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YOUR CAR WARRANTY HAS EXPIRED OR YOUR SOCIAL SECURITY NUMBER HAS BEEN STOLEN

Are you tired of receiving these calls? The National Do Not Call Registry gives you the choice of whether or not to receive telemarketing calls. You can register your personal or mobile phone for free at www.donotcall.gov. After you register, other types of organizations may still call you, such as charities, political groups, debt collectors, and surveys. If you receive an unwanted call after your number has been listed in the National Register for 31 days, you can report it on the same website above. I can’t promise this will prevent these calls, but it should minimize the number you will receive in the future.

What does this have to do with mortgages and credit? When you get a telemark call and provide some personal information (social security number etc) you can quickly become a victim of identity theft and it can prevent you from buying that new home or refinancing your existing accommodation.

You can also avoid or minimize the number of pre-approved offers you receive in your mailbox each day.

Each time you apply for new credit (auto loan, credit card, etc.), the finance company will withdraw your credit to determine your score and your willingness to pay off your debt. This investigation of your credit will trigger a trigger and the credit bureaus (Equifax, Experian, or TransUnion) will often sell your details to businesses seeking new customers. Currently, under the Fair Credit Reporting Act, these “trigger leads” are still permitted and it is difficult for every state to regulate them.

If you have filled out a product guarantee card, made purchases at stores, and provided your contact details or provided your credit information at any time, it is likely that your information has been shared with credit card companies or credit card companies. ‘other financial institutions wishing to solicit your business.

There is a way to prevent your information from being sold to other companies. You can opt out and prevent bureaus from providing your information to other businesses. You can request to “opt out” of credit offers for 5 years or permanently by going to www.optoutprescreen.com or by calling 888-567-8688. It usually takes 5-7 business days to take effect.

After 30 days, you will start to see a decrease in your spam and the number of solicitation letters you receive in the mail. This will not unsubscribe you from the companies you do business with, but only from those that consider you a “prospect”. For existing businesses that you have a relationship with, you will need to contact each company’s customer service to be removed from their lists. Once you have a customer service representative on the phone, ask them to “unsubscribe” from their mailings. You can find the same option on their website to complete this application.

While this may reduce the number of solicitation mailings you receive, you may still receive mailings from local businesses, local charities, etc. If you want them to stop, you will need to contact them directly.

More importantly, when you receive a “you have been pre-approved for a credit card” or something similar solicitation in the mail, please do not throw it in the trash or tear it in half. Buy a cross-cut shredder and shred all solicitation letters before throwing them in the trash. Diving in the garbage is a huge problem. On trash day, most of us take our trash out in the morning and it sits there all day waiting for the trash to be serviced. Identity theft experts can take these letters out of your trash and attempt to create an account in your name, which is another reason you should never take your trash out the night before. Shredding these letters can help prevent this from happening.

By following these suggestions, you can reduce the number of calls and mailings you receive in the mail.

Branch Manager, NMLS # 1721861

Cherry Creek Mortgage, LLC, NMLS 3001

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