View Full Version : FTC new law allows access to you unless
May 11th, 2003, 07:14 PM
you opt-out. The following is info that you may want to pass along to others:
The Link :
IMPORTANT LAW CHANGE: CREDIT REPORTING
CALL: 1-888-567-8688 to Opt Out.
Just wanted to let everyone 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. (Anyone is considered only "legitimate" business concerns -whatever that means)If you would like to 'opt out' of this release of your info, you can call 1-888-567-8688. It only takes a couple of minutes to do.
Choose option #2 to start the process.
May 11th, 2003, 10:54 PM
I don't understand. That page references the new law as of 1997. Where did you get the information about a change going into effect July1st?
May 11th, 2003, 11:18 PM
No, that is actually a hoax. It has been coming back each year in the same manner as various virus hoaxes. Here are a couple links with more information:
There is a real number to call, but it has a very narrow purpose and not calling it won't hurt anyone.
May 12th, 2003, 06:04 PM
May 12th, 2003, 06:56 PM
Just came back to clarify the information. I apologize as it all looked totally legit to me and, for the most part, is. I got the information from a member on another board that I visit and just found out about the partial truths on that same board. I really did ck the phone number and the site link out prior to my posting here. Guess I'm fallible just like all of us humans..........please forgive :-[
May 13th, 2003, 02:05 AM
I forgive; if that counts for anything ;D
May 13th, 2003, 01:08 PM
No need to apologise.
You were trying to do the right thing.
Some of the hoaxs are quite believable and that's why they spread so easily.
May 13th, 2003, 03:16 PM
This email is almost right. 1-888-567-8688, or 1-800-5optout, is a shared number used by the big four credit reporting agencies. If you call it, press #2, then select the second option from the next menu, you can opt out of all future mailings for pre-approved offers of credit from the big four credit reporting agencies. It has been available to consumers since 1997 as a provision of the Fair Credit Reporting Act.
The email above mixes this up with the Gramm-Leach-Bliley Act which requires banks and financial companies to give consumers reasonable time to opt out of having their personal information sold to third parties. Banks and other financial companies legally are able to sell your information to anyone with the money to buy it. It is your responsibility to opt out of that specifically at each company with which you do business. There is no deadline for doing this, despite the date mentioned in the email.
PS The thank you note at the bottom is actually supposed to say LowWaterMark instead of me, because all I did was quote his links in this thread. :-[
May 13th, 2003, 08:05 PM
I am so ashamed!!!!!! :-[
Okay! I've bounced back! :)
I'm just so glad that the link and the number were correct and okay so no one got hurt. I did choose to opt out though as I missed this law being passed in 1997. Life goes on. :-\
May 14th, 2003, 01:18 AM
all's well that ends well!
I might hafta dial that number up sometime myself
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