Capital One Blitzes Credit Reports Looking For New Prey
Don't you love getting those unsolicited credit card offers in the mail? Capital One has been aggressively going after new victims...er, customers lately. This report from Consumer Affairs...
The next time you watch one of the slick commercials from Capital One asking "What's in your wallet?", keep in mind that there's no need for them to ask -- they already know.
The credit card issuer is famous for constantly checking consumer credit reports in the hopes of finding new borrowers which it can bombard with its credit offers, or luring credit card customers away from their current lender with better terms.
People who have never held a Capital One card or ever done business with the Virginia-based company regularly report finding multiple "inquiries" from it on their credit reports.
More from ConsumerAffairs.com
Note: in the article they mention the ability to opt out of these prequalified offers--which basically means that the companies can't pull your credit without your permission. To do that, you just need to call 1-888-567-8688 or fill out the form at Optoutprescreen.com. I opted out several months back and my junk mail from credit card companies went from about 2 a day down to nearly zero...so I highly recommend it unless you want Capital One to know what's in your wallet ;)
The next time you watch one of the slick commercials from Capital One asking "What's in your wallet?", keep in mind that there's no need for them to ask -- they already know.
The credit card issuer is famous for constantly checking consumer credit reports in the hopes of finding new borrowers which it can bombard with its credit offers, or luring credit card customers away from their current lender with better terms.
People who have never held a Capital One card or ever done business with the Virginia-based company regularly report finding multiple "inquiries" from it on their credit reports.
More from ConsumerAffairs.com
Note: in the article they mention the ability to opt out of these prequalified offers--which basically means that the companies can't pull your credit without your permission. To do that, you just need to call 1-888-567-8688 or fill out the form at Optoutprescreen.com. I opted out several months back and my junk mail from credit card companies went from about 2 a day down to nearly zero...so I highly recommend it unless you want Capital One to know what's in your wallet ;)
posted by Dave at 10:11 AM
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