Frequent Contributor
Posts: 256
Registered: ‎06-04-2007

I dont understand

I am working dilegently to rehab my credit.  My scores are currently in the low 600s for all three bureaus.  I've applied for Target (denied for both the visa and store card), Eddie Bauer (denied) and Macys (denied), however I recieved preselection letters from Credit One ($200), Capital One ($300) and CitiBank ($500) and been approved for all 3.  Do I stand a better chance for getting approved when I recieve pre selection (not pre approved) letters?  I figured that the pre selection letters were simply marketing documents.
TU 670
EQ 670
EX 617
JFCU $5,000
JFCU AUto Loan $11,000
Jet Blue Amex $2,000
BOA 3,500
Best Buy Store Card $2,200
Kay Jewlers $3,200
Established Member
Posts: 29
Registered: ‎06-12-2007

Re: I dont understand

what is your current credit status?  scores, open TL's.  In a pre-approved situation once you send in an application, you get charged for a hard inquiry, therefore dropping your scores some more.

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