Could someone help me better understand these credit terms?
what’s the difference between “pre-approved” and pre-selected, preferred pre-approved, pre-qualified and selected ? Status.
Dose this have something to do with your credit score or history or both?
And if it has anything to do with my credit score moving above 700 what happens when I get a inquiry or two and it drops to under 700 do I go back to being just pre-approved?