How Do You Stop Credit Card Offers?

Series Summary

The invention of "credit" as we know it was a milestone in the journey toward re-establishing an aristocracy in the United States. Historically, credit is as old as the idea of a promise and as common as opening a tab at the local bar, but the economic system built on credit currently in place uses a more restricted meaning. An economy based on credit leaves only the lenders free and literally “scores” individuals based on their ability to stay in debt and continually make money for lenders. Many Americans believe a good credit score means simply that a person is responsible and timely in paying off the loans he or she was required to take to function in society. That is only half of it. A person with a high credit score is someone who stays in just the right amount of debt to be a good investment for financial institutions, someone who earns a paycheck that ends up in the pockets of the lending organizations. The economic system of the United States, founded at the birth of the Federal Reserve, borrows money from international banking groups and itself lives on credit. Isn’t it strange that the American market requires one to have “good” credit, i.e. owe money to someone, before this person can borrow more money? In this free personal finance video series, certified credit counselor Maria Enomoto teaches about the credit system in the American market. Enomoto talks about what credit cards are, how to stop getting credit card offers, what credit cards are good for teenagers, and how to choose a credit card. She also covers credit problems as well, including how to see your credit report, how to boost your credit score, dealing with bad credit, and others.

Video Transcript

"My name is Maria Enomoto and today we are going to know how to refuse the credit card offers in the mail. One way to do it is there is one phone number where you can call so you can opt out your information for this kind of mailing offers. And you can call toll free to the number 1-888-567-8688. So this way you're going to be able to remove your name from mailing lists used by the actual mailer credit cards. If you want to stop the offers on the mail by calling this phone number to opt out just make sure to ask for how long you're going to be out of the list. Because sometimes it works for 3 months, 6 months, 1year. And then your name can be back on the list again. So just make sure that you know for how long you're going to be out so then after that period of time you can call again and ask to be out of that list."