Trigger Leads Are Legal Harassment—Here’s My Story”

[Jorge Vazquez]

Pulled my credit last week and instantly learned what trigger leads feel like—my phone turned into a nonstop call center with nearly 100 mortgage lenders chasing me in just two days. Some even pretended I was already pre-approved or tried dropping my property address to sound legit. Technically it’s legal under the Fair Credit Reporting Act, but it sure doesn’t feel like “help.” Imagine being a first-time homebuyer getting hit with this—confusing, overwhelming, and maybe even dangerous if you trust the wrong voice on the other end. 

Have you ever dealt with trigger leads, and do you think they should even be allowed?

[Doug Smith]

Hey Jorge...we still need to grab that coffee in Tampa soon. We actually give the "opt out" link to all of our borrowers and try to coach the realtors we work with to have their clients do it right when they start talking. It takes 3-5 days to filter through the system, but we don't really have trouble with trigger leads now. Here's that link (if BP will allow it): https://www.optoutprescreen.com/ . Scroll to the bottom of the first page, click the button, go to the bottom of the second page an complete the 5-year opt-out option. Like I said, it takes 3-5 days to take effect, but it's a life saver. The law is changing soon to alter their use, but I would still do this. Now...about coffee...