Opt Out

In 2005, Congress re-wrote bankruptcy laws in favor of the credit industry.

In 2006, the credit industry responded by mailing out 8 billion (that’s billion with a B) credit card solicitations–a 30% increase from the previous year.

There are approximately 110 million households in the US — so that’s about 73 card offers per household. The average card offer is about $5,000 in pre-approved credit, so we’re talking about $365,000 in offers for every American household–or about $1000 a day, every day of the year.

By comparison, median household income is about $46,000, or about $127 a day. So we’re all being offered approximately seven times our annual incomes in credit card debt…..and this doesn’t even count the offers made in malls, on college campuses, via TV and radio advertising, or stuck in magazines.

It’s ridiculous — they want you poor, and forever in debt to your corporate masters.

If you’re sick of receiving the “pre-approved” offers via mail, go to OptOutPreScreen.com, which is a website operated under the Fair Credit Reporting Act, which allows you to sign up for a list that will prevent Credit Reporting agencies from providing your information to the credit card companies for offer mailings. You can opt out for 5 years, or permanently.

9 Replies to “Opt Out”

  1. Done! Thanks

    I’m so tired of receiving 3-6 credit card offers every day!!! I just opted out for 5 years…

    Thanks for the heads up.
    ~D

  2. I opted out a while ago, and it’s been fabulous.

    Eventually, I will recieve no paper mail whatsoever (aside from Netflix), and be very, very happy.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.