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Notification of pre-approved credit is usually very encouraging to those who receive it.
This is because, whether for a loan or credit card, this notice gives us the impression that it will be possible to obtain a limit easily.
However, it is not uncommon for someone to click on the notification and then be taken to a “credit denied” screen. Why does this happen? Is it allowed? Is it false advertising?
In today's material we will talk about the subject, in order to clarify all your doubts, so continue reading!
What is pre-approved credit?
Before anything else, it is important to explain what pre-approved credit is, which sometimes excites or irritates some customers.
This irritation occurs because after receiving this notification, many believe that they will obtain approval, but, after proceeding with the application, they end up having the credit denied.
Pre-approved credit works like a pre-proposal, that is, a proposal presented considering only the first stages of the credit application process.
This means that, in practice, the bank considers your basic information and initially the credit is approved, however, it has not yet passed all the granting criteria.
So, in theory, pre-approval ends up being the first step towards approval, before more in-depth assessments are made.
Pre-approval exists for a simple reason: approval requires specific, personal information from the customer, which must be provided by the customer.
Therefore, until the bank has this data, it will not be able to obtain a complete result, depending on the next steps for this.
Can pre-approved credit be denied?
Now that you know what pre-approved credit is, we can discuss our main topic: after all, can pre-approved credit be denied?
Many believe that denying credit after sending the notification is false advertising, after all, it leads the customer to believe that they will be granted credit.
But, as we explained previously, pre-approval is called that for a reason: it is a step prior to approval, that is, there is no promise of concrete approval.
So, in theory, this pre-approval means nothing more than: you passed the first stages of evaluation, congratulations!
And, just like everything in life, getting through the first stages of something doesn't guarantee success as a whole.
Therefore, yes, pre-approved credit can be denied if, after more in-depth assessments, the bank does not find information or data that provides security in granting the credit limit.
So, although it is a frustrating situation, there is nothing illegal in the notification itself, since there is no false promise.
But be careful: if the notification is of “approved credit”, the situation changes, as there really is a promise of granting.
I don't have pre-approved credit, what are the chances of getting it?
Many people believe that to get credit approval you need to have a pre-approved limit, but is that true?
As we explained, when there is a pre-approval notification, this means that the bank has already carried out an analysis of your credit profile.
So, not having a pre-approved limit does not necessarily mean that you have no chance of getting it, but rather that the pre-assessment was not even done.
This means you still have a chance to make the request and go through the review process.
In this case, if this analysis is positive, there is no impediment to you obtaining credit.
It is worth mentioning that, in this situation, your chances of success depend on your credit profile, including income, score and other relevant information.
+This may interest you: Special Check: main questions about the service (consultacred.com.br).
Automatic notifications: be careful with this!
Throughout this content, we were able to understand that this issue of pre-approved credit is full of controversy.
This is because we cannot deny that, especially for those who are anxiously awaiting credit, a frustrated expectation can bring a certain irritation.
But did you know that sometimes this frustrated expectation ends up being our fault?
It is very common for us to interpret automatic notifications from banks as something private, that is, as if that warning was really aimed at us.
There are many bank advertisements that end up sounding like promises, such as “limit of R$50,000: apply today” or “request your black card”.
But, if we look closely, these are automatic notifications, that is, advertisements that banks send to all customers.
And, you are probably thinking: but, if this notification is misleading, can it be considered unethical?
When you click on the notification, you will notice that an advertising banner or even a push notification for a specific bank product immediately opens.
So, although it may be misleading, the explanation comes almost immediately, so the customer is not left in the lurch.
Therefore, keep an eye out to understand whether what you thought was a promise of an approved limit is nothing more than generic advertising.
How do I know if the proposal really exists?
Pre-approved credit is nothing more than a proposal, that is, the bank is inviting you to complete the steps to request a credit limit.
But, as we have seen, many mistakes can occur when presenting this proposal, so that sometimes the client may even think that it is just any notification.
In this case, the best way to find out whether the proposal really exists is by consulting the financial institution itself.
Then, access the bank's app or contact the customer service department to check if the offer is real.
With that, if it is, you can now proceed with the request, if you are interested in using this credit.
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Read also: What is Consolidated Credit: learn about the proposal and where to find it (consultacred.com.br).
