Orchard and hsbc will probably still give you ccs even w/chargeoffs. same w/first premier. Was able to get 2 orchards w/2 hsbc chargeoffs still on my reports. However, the hsbc chargeoffs were out of the SOL for collection purposes, so maybe that’s why. Also, you can only have 4 hsbc (incl. orchard) ccs @ 1x…chargeoffs/old/closed accts STILL on your reports count towards this…so in my case, I’ve maxed out my # of hsbc products.
Also I’ve read that if you’ve burned hsbc in the past, while they may give you ccs again, they will NOT give you CLIs, no matter how long ago your chargeoffs w/hsbc were. I tend to believe this is true as despite 15 mos. of perfect payments (no lates, overlimits, missed payments, etc.) w/2 orchard ccs, I’ve NOT been given a single CLI.
In hindsight, rather than go the first premier/orchard route, I probably should’ve gone the secured CC route, but @ the time, I didn’t want to put up all that $. scores have risen nearly 200 pts since obtaining the 1st premiers/orchards in early 07