| |
Receiving pre-approved credit offers doesn't
necessarily mean that you're going to get a new
credit card. It just means that, at first
glance, you seem to meet the lender's
requirements. The lenders make that "first glance"
by automatically scanning
credit bureau records looking for people who
appear to meet their lending requirements. If your
credit profile is a match, the pre-approved credit
offer comes in the mail.
Once you complete the short application that comes
with the pre-approved credit offer, the lender
examines it to make sure that you still met their
lending requirements. If all is well, the card
arrives in the mail.
If you don't want to receive pre-approved credit
offers, you can contact the three major
credit bureaus, TransUnion, Equifax, and
Experian, and tell them that you want to "opt
out" from receiving pre-approved credit offers.
You'll have to fill out some forms and send them
back in. The offers should stop within weeks.
One reason that you might want to consider opting
out of receiving pre-approved credit offers is
that they are a dead give-away for identity
thieves who pour through people's mail that gets
thrown out. When they see an envelope with big
headlines saying "You're Pre Approved!", they know
that they hit a gold mine.
|
|
