PREQUALIFICATION vs. PRESCREEN post thumbnail image


  • Consumer initiates the prequal process by submitting a signed consumer consent prequal application
  • Subscriber receives a full-file credit report and FICO score
  • Subscriber DOES NOT provide credit score to consumer therefore is not required to deliver or mail RBPN
  • Subscriber returns a prequalified or not-prequalified response to the consumer
  • Subscriber is under no obligation to conduct business with consumer
  • Minimum required age = 18


  • Prescreen process is initiated by the subscriber via mail campaign, in-house, or phone campaign
  • Subscriber provides bureau(s) approved lender based credit offer
  • “Pre-approved firm offer of credit” must accompany pre-approval offer if the applicant meets pre-determined criteria
  • Subscriber receives report summary with score or score range
  • Firm offer must be handed to consumer in person or mailed first class
  • Minimum required age = 21

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