Preapproved VS Preselected????

Discussion in 'Credit Talk' started by Wen, Sep 18, 2000.

  1. Wen

    Wen Guest

    I, like so many of you, have been going down the credit repair road due to a divorce. Question for you, I have been on time with Mortgage paymnents for the last 20 months,
    I used Providian and Capital one cards to
    rebuild credit.

    Providian one 17 months
    Providian two 3 months
    Capital one 5 months

    All on time.

    I recently paid off a judgment that was from 1997. I still have two charge off's from 97
    My questions is I have been getting a lot of
    offers saying pre-selected. From sears, Kmart, Discover Platnum, Premier bank, Cross
    Country and Associates. My questions is should I waste an inquiry or two appling for these cards when I still have the two charge offs on my credit record and is this pre-selected the same as pre approved????

    I always get great advice on this board, so any input would be appreciated!

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