Protecting Your Privacy

With the high volume of solicitations for credit cards, cellular phones and loan consolidation, many student borrowers may be asking, "How can I make this stop?" or "How did they get my name?"

In compliance with the Higher Education Act and applicable regulations, lenders are required to report borrowers' credit histories to at least one national credit bureau. A student borrower trying to establish good credit can benefit from having payment history released to a credit bureau. However, credit bureau reporting opens the door for unwanted solicitations.

To alleviate the flood of unsolicited marketing pitches, borrowers can block credit bureaus from selling their names and have their names removed from telemarketing lists. Once this request has been made, federal law prohibits companies from soliciting the borrower again. Visit or call 1-888-5-OPT-OUT to request that your name not be given out to unsolicited mail offers based on your credit.

Block Credit Bureaus from Selling Your Name

Under the so-called "firm offer" rule, credit bureaus are permitted to sell your name, address and other contact information to companies that wish to market to you their credit or insurance products or services. To stop the credit bureaus from selling your contact information, you may call 1-888-567-8688.

Remove Your Name from Telemarketing Call Lists

To stop telemarketers from calling you, you may ask individual callers to put you on their "Do Not Call" list. After your request, federal law prohibits that company from telemarketing you again. To stop other companies from telemarketing to you, you may enroll in the national "Do Not Call" registry on the Web at or call 1-888-382-1222. If your telephone number is on this national registry, telemarketers may not call you to sell goods or services unless you have a previous business relationship with them and you have not asked to be placed on their individual "Do Not Call" lists.

Information provided
April 2, 2004 by
P.O. Box 6178
Indianapolis, IN