Guest guest Posted May 15, 2003 Report Share Posted May 15, 2003 Just wanted everyone to know that the Personal Credit Info OPT Out alert is hoax. Here's the note posted abt it on the HOAXBUSTERS website. ++++++++++++++++++ Credit Info Opt Out Hoax September 2001 This hoax was started by someone who has confused some federal laws. A very nice explanation of the confusion and the laws is available on the Privacy Rights Clearinghouse web site. First, companies have always been able to sell or give away information about you. A new law required companies to inform their customers as to what their privacy policies were by July 1, 2000. What they do with the information they collect from you must be disclosed in that policy. If you don't want them selling your personal information you must check each privacy policy for information on how to opt out or just not do business with them. The phone number given in the hoax is used by the major credit reporting bureaus to allow you to opt out from receiving pre-approved credit offers. That is, credit card companies buy credit reports on you and use them to send you credit card offers. Opting out stops these offers. A recent variant changed the date to July 1, 2001 and another changes it to July 1, 2002, and another changed it again to July 1, 2003. Looks like every year someone is going to change the date and send it again. How about sending it to the trash instead. There is also a warning on the Equifax site about this hoax. Sent: Friday, August 24, 2001 12:58 PM Subject: (no subject) THIS LAW TOOK EFFECT ON JULY 1 AND YOU HAVE 60 DAYS TO " OPT OUT " I CALLED AND THE MESSAGE EXPLAINS WHAT YOU NEED TO DO. IMPORTANT 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..... to anyone who requests it. If you would like to 'opt out' of this release of info, you can call 1-. It only takes a couple of minutes to do, and you can take care of anyone else in the household while making only one call, you'll just need to know their social security number. Be sure to listen closely, the first opt out is only for two years, make sure you wait until they prompt you to press '3' on your keypad to opt out for good. Happy dialing! Pass this info on to every one you know. ++++++++++++++++ Rachael in N.VA. RNY - proximal 5-10-01 326 lbs 5-15-03 186 lbs Quote Link to comment Share on other sites More sharing options...
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