If any financial institution wishes to share your non-personal information with other companies or their own affiliates, they must tell you that in writing and you must be given the right to opt-out of it. That means you tell them you don't want your information shared with anyone. In order to opt-out, you will need to either call or write the institution based on their individual policy.

If you don't opt-out, the institution will be able to share your information with just about anyone. That means they can sell your name and other information to marketing firms, banks, credit card or mortgage companies, and tons of Pre-approved auto loans.other areas we won't even begin to think of. Everyone wants our money and we are already inundated with a variety of junk mail. If you want it to stop, then follow the steps contained within the various notices you receive or take action as outlined in Ways to Limit Direct Marketing You May Receive from Outside Sources as published in this section.

There are some things you cannot opt-out of, such as an institution reporting information to credit bureaus or the sharing of transaction and experience information between affiliates. Compared to everything else these companies know about you, that is just a drop in the bucket.

Remember though that the offers in the mail for merchandise, credit cards, pre-approved car loans and the like Credit offers in the mail.should decline if you opt-out. So, if you have credit problems, have a previous bankruptcy, divorce, or medical bill problems, you might be cutting your nose off to spite your face if you opt-out. Under these circumstances, it is better to receive the offers and tear them up if you don't want them, than to completely discontinue receiving them.

Once you are on the road to good credit, you may then want to stop the mail and solicitations. You don't want to overload yourself with credit and put yourself in a position of not being able to pay your bills.