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Prequals are never 100%.
@Kasuito39 wrote:
I applied for Discover prequalification and it came back with preapprovals for Discover It and Chrome with 19.99% APR and 0% for 14 months. At first i could not believe my eyes. I took the bait and applied for discover IT with 2% cash back and wolla. Unfortunately, you have been denied. Please wait 7-10 business days for a letter in the mail. This is very disappointing as i pulled the plug after the preapproval. What are my chances if i recon? I've read hear that discover preapprovals are solid but i guess not. Any advise?
So sorry for the decline but OP a prequal or a preapproval is not a guarantee of approval. The prequal only let's you know that Discover liked what they saw from just a preliminary view of your credit. Once your report is pulled, then they or any other CCC gets to see the full file.
So with this knowledge, would you like to provide us with your DPs so we can give you an idea of what may have gone wrong while you await the letter.
Disco doesn't recon so, wait 6-12 months and try again.
Post the denial reasons here if you want to disect the declne a bit more in depth.
If your signature is accurate, your inquiries are also through the roof. A recent BK and credit seeking may not lead to favorable results with many lenders, prequal or not.
@Anonymous wrote:If your signature is accurate, your inquiries are also through the roof. A recent BK and credit seeking may not lead to favorable results with many lenders, prequal or not.
Bingo
@Anonymous wrote:If your signature is accurate, your inquiries are also through the roof. A recent BK and credit seeking may not lead to favorable results with many lenders, prequal or not.
+1
Holy HPs Batman!!! There had to be a few car loans and mortgages in the last 24 months... Thats actually impressive around these here parts.