Credit Bureaus Can Legally Sell Your Information

First Shore Federal will never sell customer information, but we have been contacted by several people concerned that their personal and financial information has been sold.  This generally happens after applying for a loan, they start getting phone calls or receiving mail soliciting them to apply for credit with someone else.

When you apply for credit, whether through us or another lender, the credit bureaus (Equifax, Experian, Innovis, and TransUnion) can and do have the right to sell your information to certain companies offering "pre-approved" or "firm" credit.

Under the Fair Credit Reporting Act (FCRA), the Consumer Credit Reporting Companies are permitted to include your name on lists used by creditors or insurers to make firm offers of credit or insurance that are not initiated by you. 

The good news is that the FCRA also provides you the right to "Opt-Out", which prevents these credit bureaus from providing your credit file information for "firm" offers.

Our customers can choose to opt out of this practice by going to www.optoutprescreen.com and also getting on the do not call list at 1-888-382-1222 or donotcall.gov.

Please contact us if you have any additional questions and please know we don't sell your information.