cancel
Showing results for 
Search instead for 
Did you mean: 

Does "Pre-approval" mean anything?

Established Contributor

Re: Does "Pre-approval" mean anything?

i am no expert, but i would imagine that there is some correlation between your scores and/or reports and which companies send you pre-approved offers....does anyone know what info lenders with whom you have no tl's get from soft pulls?
 
as my scores get better, i am getting pre-approved offers from prime lenders....havent applied for any of them.  when my scores were crap, i only got offers from subprime lenders.
Message 11 of 13
Contributor

Re: Does "Pre-approval" mean anything?

Pre-approvals and $4 will buy you a latte.
 
I've been rejected by every pre-approval I've applied for.  Some of them are generated by your credit score range (for example, Capital One might periodically send out pre-approvals to everyone with a 550-600 fico). 
 
Others, I learned to my chagrin, will send you pre-approvals based on what magazines you subscribe to.  I subscribe to the Economist.  They have my last name misspelled (**bleep**e instead of White).  I receive a few offers from AMEX with this same misspelling.
 
Pre-approvals cost me about 7 inquiries with NO credit card approvals. 
Message 12 of 13
Established Contributor

Re: Does "Pre-approval" mean anything?

you are paying too much for them thar' lattes....
Message 13 of 13