I'm not talking about a gun, by the way. If you're getting mail that claims you are "pre-qualified" you may be a Revolver. Credit card companies love Revolvers. They make more money on them. So how do you know if you're a Revolver?
Revolvers are people that like to hold balances on their credit cards. Because they don't pay off their balances, they end up being on the credit card companies most profitable client list. Credit card companies love you! They can see what purchases you make every month and send you something that appeals to your senses. Their research actually tells them how much money they can make off of you before they even spend a dime marketing to you.
So in essence, being pre-qualified may also mean, "not very smart with money." If you're reading this and you carry balances on your cards--you've been had. Maybe it's time to get smart and quit paying all of that extra money to the credit card companies.
However, if you're trying to raise your FICO score for loan--call me. I show you how to beat the credit reporting agencies at their own game.
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