How They Get Your Information And What You Can Do To Stop It
It can feel inevitable. As soon as you start applying for a loan, you become the target of ads, calls, emails, and other spam you don't want, but it doesn't have to be this way. In this week's video, Jamie Cavanaugh, President of Amerifund Home Loans explains how you can stop the credit bureaus from selling your information at www.optoutprescreen.com.
Hey, everybody! It’s Jamie from Amerifund with your weekly mortgage update.
Have you ever noticed that right after you apply for a loan, all of a sudden, you’re getting text messages, phone calls, and emails from a bunch of unrelated mortgage companies trying to solicit you for business? Well, there is a reason for this. We call these trigger leads. Other companies sometimes pay for lists of consumers who have recently applied for mortgage loans, and unfortunately, since we’re not the ones selling your info, there’s nothing we can really do to stop it. In fact, the credit bureaus they buy the leads from are legally required to give them this information unless you’ve expressly told them you do not want to be contacted.
But luckily, opting out is easy once you know how to do it. The credit bureaus have set up a website called OptOutPrescreen.com. We’ve put the link in the caption of this video. If you go to that website, you can choose to opt-out of these solicitations for up to five years. And that’s the best way to prevent yourself from getting barraged with phone calls, emails, and text messages that you didn’t ask for. I hope this information has been helpful, and as always, team Amerifund is here for you. If you have questions about mortgage solicitation or any other questions about mortgages, give us a call anytime. Thanks for watching and I’ll see you next week.