2006-10-06 10:09:16 · 8 answers · asked by Karasu 1 in Business & Finance ➔ Personal Finance
I get junk from that company, too. I wonder if it bothes them at all how much paper they are wasting!
2006-10-06 10:21:15 · answer #1 · answered by lisa s 3 · 0⤊ 0⤋
It is not a total lie. If you read the fine print on the back of the application you will discover what their terms for pre-approval are, normally it is you have lived at a particular address for more than X amount of time and that they have not found any judgements or bankruptcies in open filings.
Of course my 5 year old is pre-approved by those conditions and she has the applications to prove it.
2006-10-06 17:18:44 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I bet there is some fine print.
Typically the pre-approved part means that you are approved to apply....and the approval of your application depends on a number of creditworthy factors.
It's a bit misleading, but folks nowadays understand those pre-approved offers are junk mail.
2006-10-07 12:19:24 · answer #3 · answered by derek 4 · 0⤊ 0⤋
You're *pre-approved* when you have a physical address to send the 'invitation' to.
2006-10-06 17:13:04 · answer #4 · answered by menowarrior1 2 · 1⤊ 0⤋
You're not pre-approved for the card.
You're pre-approved for the offer.
2006-10-06 17:16:20 · answer #5 · answered by abfabmom1 7 · 1⤊ 1⤋
It is not a lie.
Pre means before.
It means before you are approved.
What did you think it meant?
2006-10-06 17:54:15 · answer #6 · answered by Anonymous · 0⤊ 0⤋
it's not just washinton mutual. all the banks have the same bogus practice.
2006-10-06 17:17:24 · answer #7 · answered by Anonymous · 0⤊ 1⤋
its to get your hopes up then they cut you down to size after they tell you "sorry" then your credit score goes even lower
2006-10-06 17:16:22 · answer #8 · answered by Anonymous · 0⤊ 1⤋