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Can you opt-out from credit reporting?
Posted on May 30, 2008 by Tom Fragala
Have you ever thought about this: Is it possible to opt-out from having your personal data sent to, and compiled by, the consumer reporting companies (including the "credit bureaus")?
No. There is no law that provides you an opportunity to opt-out of information reporting or sharing with consumer reporting agencies. This includes Experian, TransUnion, Equifax, Choicepoint or other consumer credit or specialty reporting agencies.
What about a credit or security freeze? That is not an opt-out. Creditors, banks and insurance companies with an allowable purpose are still able to share information with credit bureaus and information gatherers. A freeze, in states where it's available, does prevent many (but not all) entities from pulling your credit report.
Filed under: Credit
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