A “prescreened” offer of credit? What’s that?

"Pre-screened" or "Pre-approval" offers of credit is a lure that creditors use to get you to call or come in to speak with them.  This does not mean that you have already been approved or guaranteed to receive a loan or credit. You were chosen by your past credit history which has been provided to potential creditors. This information may be outdated and will require a credit check once you have contacted the company/creditor.  Know your credit standing before you agree to a credit check. Remember running your credit for your updated FICO/credit scores will most times decrease your credit score.