Some lenders send “pre-approval” offers of credit for certain types of loans, which only require a signature on the part of the consumer to fund the loan. In order to follow federal credit regulations and ensure this offer of credit is a great fit for both you and the credit union, we have “pre-qualified” you for an Advantis loan. This means that based on your credit history you met certain criteria to qualify you, but before we can provide you with a loan we need to confirm you still meet the pre-determined credit criteria and receive other financial information such as income and employment history, and collateral if applicable.