Teachers FCU Offers

[Cory88]

I was on my online account and I saw that I have some offers that are pre approved. I don't know if it's a SP or a HP. When I call the credit team they said they don't know you have to try. Then they said we don't do credit offers. I dunno what to say. This is what I show. The second has a star that said pre approved. I don't get it.

[AndySoCal]

If it were me I would presume that there would be a hard pull to get the loan or credit card. If  I am wrong it is good thing ie no hard pull.  A pre approval is you passed in broad brush strokes the qualifications for the products shown i.e. your credit score is in a certain range.The hard pull is for obtaining new credit that part of underwriting is more detailed check. 

[Kforce]

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@AndySoCal wrote:

If it were me I would presume that there would be a hard pull to get the loan or credit card. If  I am wrong it is good thing ie no hard pull.  A pre approval is you passed in broad brush strokes the qualifications for the products shown i.e. your credit score is in a certain range.The hard pull is for obtaining new credit that part of underwriting is more detailed check. 

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^^^^ This

All my credit unions have offers for car, personal loans, balance transfers, and new cards based on soft-pull scores.

Most have a HP for a new loan, car, or card.

Sure some use a SP for a card or BT, loans are usually HP.  (YMMV)

[GZG]

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@Cory88 wrote:

I was on my online account and I saw that I have some offers that are pre approved. I don't know if it's a SP or a HP. When I call the credit team they said they don't know you have to try. Then they said we don't do credit offers. I dunno what to say. This is what I show. The second has a star that said pre approved. I don't get it.

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I know this interface well, those would be HP if you applied, subject to manual underwriting 

if it said pre-approved, it could be a SP

[Girl_In_The_City]

I am a member. I had these offers too. I can confirm that it will result in a hard pull. They seem to be very conservative. This hard pull resulted in my 4th inquiry over the last year as I opened one other card and bought a new car over the last year. I had 5 inquiries showing over the last two years. 750 FICO at the time, AAOA 5.5 years. No lates, prior delinquency, or collections. I was declined for excessive inquiries. The inquiries within the last year was 1 90 days ago, and the other 2 8 months ago. I called to recon and was told no quickly. Good luck if you apply.