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unclebrown

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what is the differance between pre approved and pre qulified.

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no difference that i'm aware of. but there are different types of preapproval for different types of loans. for instance, a mortgage preapproval is way different than one of those "prequalifed' generic credit card mailers you get. those CC offers don't mean much. they're not even based on a soft pull, you are grouped by the thousands with other people based on characteristics, and this information is sold to companys.  the credit agencies are allowed to do this, sell your information by grouping of generic charactertics, unless you "opt out".  often times, they have no real idea if youre eligble until you apply. 

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There is no real difference.  It means that as long as nothing has changed since they soft pulled you, you would get there card.

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