Credit Card Offers – Pre-Qualified Vs. Pre-Approved
Everyone is familiar with those letters in the mail from credit card companies offering “pre-qualified” or “pre-approved” cards. Sometimes the cards even appear to have favorable terms. For those who have a less than stellar credit score, or for those looking to improve their personal finance through credit repair, these cards can have some initial appeal. However, it is important to understand what these bulk-mailed offers actually are, and what “pre-qualified” and “pre-approved” actually means.