Did you know that the credit bureaus sell your personal information? It's true! The same agencies that possess your most vital credit information will flag the files of those applying for home loans and sell their personal information as leads to the highest bidders.

With a price tag of $25 to $100 or more, your name and certain specifics about your credit reports, including addresses, phone numbers, mortgage histories, and even FICO score ranges, are sold to unscrupulous mortgage companies which then blindly solicit their business. The practice creates "trigger leads" causing a flood of unwanted phone calls and mail offers,

Unfortunately, no legislation presently exists to prevent credit bureaus from profiting at your expense. As trigger leads, they are simply at the mercy of any number of pie-in-the-sky offers designed specifically to try and discredit you and the mortgage professional you know and trust. Ultimately, there are only a limited number of sources where lenders may turn to obtain mortgage money, and it's unlikely that your clients will find an unbelievably low rate without an unbelievably high cost.

Your best option is to protect yourself from this unfortunate scenario through proper education and preparation. That's why, prior to taking an application for any loan program, always opt-out of credit bureau solicitations by visiting www.optoutprescreen.com. This is a good way to avoid the problem altogether.

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