Opt-Out of Prescreened Offers of Credit

The Consumer Credit Reporting Companies Equifax, Experian, Innovis, and TransUnion are permitted, under the Fair Credit Reporting Act (FCRA), to include your name on lists used by creditors or insurers to make offers not initiated by you (also known as firm offers, preapproval offers, or prescreened offers). The FCRA also provides you with the option to opt-out of these offers, which will prevent the Consumer Credit Reporting Companies from providing your credit file information to creditors and insurers. Click here to view the FTC's Consumer Alert regarding how a mortgage application may trigger competing offers and pre-screened offers of credit.

Some examples of these offers include:

You apply for a loan and shortly thereafter, receive multiple phone calls from other lenders soliciting your business,
You receive preapproved credit card offers,
You receive offers that state you have been prequalified for a loan or line of credit.

If you would like to stop receiving preapproved offers of credit, you are able to opt-out by clicking here, and following the directions.

The FCRA provisions not only affect UCU members, but any individual conducting transactions that may be reflected in their credit report. UCU would like to provide you with the appropriate avenue to limit solicitations by creditors and insurers.