05-26-2013 07:51 AM - edited 05-26-2013 07:54 AM
I got offers from Credit One and several other similiar card issuers a lot, and sometimes pay-day loans. I find this really annoying and insulting. Can you tell the credit bureau that you don't want these sub-prime lender's offers but green-light thoese from certain creditors, like Chase/Citi ?
05-26-2013 08:25 AM
05-26-2013 08:27 AM
And I wouldn't call getting subprime "insulting" There is no real intent. Merely that your credit profile meets (and exceeds) their very low standards. Opt out, or just throw away unopened the ones you don't want.
05-26-2013 10:19 AM
The reason their promotional offers are often for less favorable terms is that if they obtain your name from a CRA to make an offer for credit, the offer must be a firm offer.
That means that if you, upon applying and review of your full credit report, are found to meet the normal criteria they specified when obtaining your name and address from the CRA, they must honor the "firm offer."
A less than the best offer gives them legitimate room for denial if the consumer then specifies better terms in their app.
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