FTC offers phone number to consumers to stop card ads

The Credit Card Accountability, Responsibility and Disclosure Act is geared toward providing Americans with more protection against credit card issuers, but as many are discovering, it isn’t preventing companies from advertising. Restrictions put on issuers have them desperate for new customers and other sources of revenue now that they can’t count on steep interest rates and fees.

As Time reports, credit card companies have become more aggressive with their marketing tactics, soliciting consumers via snail mail, email and even over the phone. The Federal Trade Commission announced this week, however, that avoiding these advertisements is as easy as dialing a number.

Consumers who have been endlessly harassed by credit card issuers are encouraged to dial 1-888-5-OPTOUT to privatize their contact information. While this may not eliminate offers completely, it will keep them from pouring in at an irritable rate.

Many advertisements to consumers claim that they have been pre-approved, but this is not always the case. Consumers should read all terms and conditions prior to applying for any credit card.