Does opting out of credit card offers affect my credit score?

01 Apr Does opting out of credit card offers affect my credit score?

No.  Inquiries for firm offers for credit or insurance are not used in calculating credit scores.  Nor does opting out improve your credit score.  It simply removes your name from lists of prescreened/preapproved credit offers that the credit reporting agencies supply to companies.

A firm offer for credit or insurance is defined as any offer of credit or insurance to a consumer that will be honored if the consumer is determined, based on the consumer’s credit report, to meet the specific criteria used to select the consumer for the offer – often subject to certain confirmation requirements.

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Jay S. Fleischman is a bankruptcy lawyer with offices in Los Angeles and New York. He can often be found on Google+ and Twitter, where he shares information about consumer protection issues and personal finance.
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