Phoenix-rising wrote:
Every so often DH gets pre-approved CC offers in the mail. On occasion he applies and every single time in the past couple of years he's been declined. Why do CCC's do that? Is it common for them to send a pre-approval letter to someone they have no intention of giving a CC to? Has that happened to any of you here before?
It's quite common, actually. A pre-approval is not the same thing as an "approval before you apply." In fact there is no such thing as that. The only way to know for sure whether you will be approved is to apply.
CCCs send out preapproved offers based on lists that they get from CRAs that include people with certain characteristics on their reports. They don't actually see your report itself, however, until you actually apply. This is why you can still be declined after receiving a preapproval. Your DH may have met the broadest, most general guidelines as far as what the creditor is looking for, and so he got a preapproval based on those criteria, but once they looked at his report in detail they apparently saw something they didn't like, which led to the decline.
Sorry about the bad luck.
