From: Michael J. Doherty (Z0rand3r@hotmail.com)
Date: Wed Oct 09 2002 - 11:10:59 GMT-3
This is an urban legend (see this link for more information:
http://www.snopes.com/inboxer/pending/credit.htm).
The telephone number listed will allow you to "opt-out" of allowing the
Credit Bureaus from sharing your public information (name, address,
telephone numbers) with other agencies for the purpose of advertising.
Requests for information regarding your personal credit status still
requires written requests from those wishing to see it, and is recorded on
your credit record as an access request (which you can see when requesting a
credit report from the different bureaus).
The law in question lists a July 1, 2001 deadline for all other financial
institutions (banks, other lenders, insurance companies, consumer credit
card issuers, etc.) to provide you with an opportunity to "Opt-Out" of
allowing them to circulate your personal information (name, address,
telephone numbers).
Thought you would want to know the other half of the story.
Mike
----- Original Message -----
From: "Hansang Bae" <hbae@nyc.rr.com>
To: <ccielab@groupstudy.com>
Sent: Wednesday, October 09, 2002 02:43
Subject: OT: But VERY IMPORTANT email for *US* residents who value their
privacy - Credit Reporting Law change.
> I figured this was important enough to blast it out to this list. My
apologies to our international readers.
>
>
> In case you guys didn't know about this. Like the instruction below says,
don't bother with "option #1" even though it refers to this email. I just
opted out, so it legit.
>
>
> Hansang
>
> Sent: Tuesday, October 08, 2002 1:21 PM
> Subject: Credit Update
>
>
> Just wanted to let you know who hasn't already heard, the four
major credit bureaus in the US will be allowed, starting July 1, to release
your credit info, mailing addresses, phone numbers, etc., to anyone who
requests it. (currently you have to sign to release this info, no more!)
>
> If you would like to "opt out" of this release of your info call
> 1-888-567-8688. It takes about 2 minutes.
>
> Once the message starts you'll want option #2 (even though option
#1
> refers to this email, this is important pick option 2)then pick
option #3
> (listen closely, the first option is only for a two year period)
make sure
> you wait for until they prompt for option #3, which "opts" you out
> forever.
>
> The credit bureaus are counting on people not knowing about this
new law and further counting on you not to exercise the only loophole in law
to favor consumers.
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