- Centurion Member
- Posts: 707
- Joined: Tue Sep 22, 2009 1:15 pm
- Location: Arizona
A "preapproval" is almost always made only because you fit a certain profile - belong to a certain club, subscribe a a specific magazine, signed up for certain travel information, etc. There has rarely been any credit check done except possibly a very cursory check in big consumer databases. That means that your chance of success is not much different than if you did not have the "preapproval." You have a good chance if you have good credit and a bad chance if you have bad credit. The preapproval is just meant to make you feel good. It doesn't mean very much really.