User uShare Login | Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.

31° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options




[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


A Flood Of Offers

January 1, 2013, 9:50 PM by Angela Kennecke

A Flood Of Offers

Like most of us, every day Craig Warrington would go to his mail box and find another pre-screened credit card offer inside.  But unlike most of us, Warrington started keeping those offers instead of throwing them away.

"Morbid curiosity and apparently I have too much free time," Warrington said.

And on the last day of the year Warrington had his total of 69.

"I was actually shocked at how many came from one bank, because I assumed that it would be a lot of different banks.  I always knew I got more from one bank but the sheer number surprised me because I averaged one every two weeks from a specific bank," Warrington said.

Discover Card targeted Warrington over and over again.  Sometimes the interest rate he was offered was 10 percent and sometimes it was as high as 15 percent for the same card. 

"What shocked me about them was I would get two in the same week and they would be the same exact offer," Warrington said.

Warrington says he does worry about the potential for identity theft from these pre-screened applications.

"Each one of these has to be shredded.  Someone could capture one of these out of my mailbox and they could fill it out and next thing you know I have a credit card I'm not aware of," Warrington said.

And then there is concern over what all these inquiries do to his credit score.  These so-called soft inquiries are not supposed to lower it.

"The credit bureaus claim they won't hurt your credit.  But what goes into a credit score is proprietary information and very few people actually know. Although they tell you it won't hurt your credit, who really knows?" Warrington said.

Now that Warrington has finished his year-long experiment, he does plan to shred the offers and stop them for good. According to the Federal Trade Commission consumers can opt out from receiving offers for credit by going online or by phone for a period of five years or permanently.

Meanwhile Warrington has written about his experience and how he tracked all his credit offers on his blog, The Red Pushpin.

Previous Story

Next Story




View business

You may also like

Great Western Bank Buys Home Federal For $140M

11/30/2015 3:37 PM

The combined companies are projected to have $11.3 billion in assets, $8.5 billion in loans and $8.6 billion in deposits.

Full Story
Bison Ranch Owner By Turner Gets Permit For Feedlot Addition

11/25/2015 1:35 PM

Stanley County commissioners have approved a feedlot at a bison ranch owned by media mogul Ted Turner.

Full Story
Cyber Monday Sales Bring Down Target Website

11/30/2015 10:03 AM

Target’s website went down during Cyber Monday shopping Monday morning.

Full Story
Zuckerberg Is A Dad, And He's Giving Away Most Of His Money

12/1/2015 4:04 PM

Facebook CEO Mark Zuckerberg and his wife announced the birth of their daughter Max as well as plans to donate most of their wealth, or roughly $45 bi...

Full Story
Proposed Ethanol Plant Getting $250,000 Government Grant

11/30/2015 10:23 AM

Ringneck Energy hopes to start construction next spring and have the plant operating in a year.

Full Story