Pre-approvals who are they kidding!

bott6698 · ‎04-22-2008

Hi guys, Just wondering how companies pull a soft pull on your report, see your report and score and prequalify you for CC offers, Send you letters in the mail saying you are preapproved and then you apply and get denied when nothing changed on your report.

Does pre-approvals in mail really actually mean anything at all?

10/11/2017 EQ 640 TU 639 EX 652 12/10/2016 EQ 621 TU 607 EX 626 10/10/16 EQ566 TU591 EX 587
01/31/2008 EX 502 EQ 466 TU 481
3/14/2008 EX 578 EQ 539 TU 543
4/16/2008 EX 622 EQ 532 TU 578
5/19/2008 EX 604 EQ 591 TU 592
1/1/2009 EQ 625 EX 576 TU 569
02/13/2009 EQ 648 EX 617 TU 590
09/28/2009 EQ 568 TU 591
Thanks to all Fico supporters for your encouragement and advice

unknown_entity · ‎04-22-2008

It means that you fit into a group of people who meet certain criteria to receive an offer* for credit. They always put the * in there somewhere.

07/26/2007 TU-688
EQ-656
EX-649

RobertEG · ‎04-22-2008

When they make such a pull, it is coded as a soft pull PRM inquiry, which only gives them your name and address, and not your full report or credit score. So no real approval evaluation of your CR has been conducted. They are useless, and require you to then authorize them to do a hard pull before they make any final decision on approval. Pre-approvals are done to get your permission for a hard pull of your CR.

I throw them in the trashcan.

creditninja9000 · ‎04-22-2008

Hmmmm, I haven't had a pre-approval that I was denied for. I have had "Pre-qualified" offers that I was denied for though. I think it should probably be noted which terms they're using.....and also considering if you may have done things that could change the status of you CR since the time they might have pre-approved you, and you actually getting the letter.