What must be disclosed to members when using a prescreened list for credit offers?

When using a prescreened list for credit offers, it is essential to disclose that the member satisfied creditworthiness criteria. This disclosure is important because it informs the consumer that their credit report was reviewed and specific criteria were used to ensure they qualify for the offer being made. This transparency helps consumers understand that the offer is based on their creditworthiness, which is derived from the information in their credit reports.

Providing this information is aligned with regulatory guidelines, such as the Fair Credit Reporting Act (FCRA), which requires that individuals be informed about the basis upon which credit offers are made. By knowing they met the criteria, consumers can better evaluate the offer and its suitability for their financial situation.

The other options do not fulfill the specific disclosure requirements associated with prescreened credit offers. Details about all members on the list would breach privacy regulations, while guaranteeing an offer could mislead the consumer, as it is not guaranteed that they will receive credit upon application, despite qualifying at the prescreening stage. Lastly, disclosing only the eligibility criteria would not sufficiently inform consumers regarding their creditworthiness or the basis for the offer, therefore lacking in necessary transparency.