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Capital One - Can I even be approved if I defaulted 10 years ago?

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jbishop1001
Frequent Contributor

Capital One - Can I even be approved if I defaulted 10 years ago?

If I had a collection from Capital One when I was 18 (I am 28 now) can I still be approved for one of their secured cards? It was charged off and never paid but doesn't show on my reports because it's been over 7 years. Should I avoid applying? They have denied me before but didn't specify that reason. 

Starting Fico 8 Score: 571 EQ - 574 EX 605 TU Current Fico 8: 695 EQ 677 EX 709 TU
Message 1 of 12
11 REPLIES 11
asphaltcowboy
Valued Contributor

Re: Capital One - Can I even be approved if I defaulted 10 years ago?

I have read many post of people being approved by them one week out of BK,

with Cap 1 being listed in the BK, have you tried their pre qualify option?

best of luck to you!


Starting Score TU 667 EQ 663 EX 655
Current Score TU 778 EQ 776 EX 781 Last Update 4/2016
Garden Club 04/10/2013
Message 2 of 12
tcbofade
Super Contributor

Re: Capital One - Can I even be approved if I defaulted 10 years ago?

Yeah, what he said.

 

It is entirely possible to get in with Capital One even tho you have included them in BK before.

02/01/24 Fico 8: EX 757, EQ 803, TU 783.
Fico 9: EX 760 12/16/23, EQ 790 02/04/24, TU No idea.

Zero percent financing is where the devil lives...
Message 3 of 12
jbishop1001
Frequent Contributor

Re: Capital One - Can I even be approved if I defaulted 10 years ago?

I never said I filed for BK. I just said it was 10 years ago, therefore it's no longer on my report.

 

My question is does capital one consider delinquent accounts with them in the past?? Meaning, if I failed to pay on a card with them 10 years ago, would they be willing to give me one now?

Starting Fico 8 Score: 571 EQ - 574 EX 605 TU Current Fico 8: 695 EQ 677 EX 709 TU
Message 4 of 12
fot1
Established Contributor

Re: Capital One - Can I even be approved if I defaulted 10 years ago?


@jbishop1001 wrote:

I never said I filed for BK. I just said it was 10 years ago, therefore it's no longer on my report.

 

My question is does capital one consider delinquent accounts with them in the past?? Meaning, if I failed to pay on a card with them 10 years ago, would they be willing to give me one now?


Yes.. I had two charge off's with them, One paid, other sold off and was able to get a new credit card.. And if someone included them in BK then they failed to pay on the card..lol

Too many to list..
Message 5 of 12
tiffjtiffj
Contributor

Re: Capital One - Can I even be approved if I defaulted 10 years ago?

Yes. I got approved for the secured card (the full $200 deposit) and then a few weeks later tried my luck with the QS 1 - Approved as well, didn't accept the secured offer. My apps were days after I paid a CO that was 3 years old. I say give it a try, good luck


Current EQ 634 TU08 670 EX 627
Garden: Take #25 (2017 - ouch)
2017 Goals: Citi Premier
Message 6 of 12
asphaltcowboy
Valued Contributor

Re: Capital One - Can I even be approved if I defaulted 10 years ago?


@jbishop1001 wrote:

I never said I filed for BK. I just said it was 10 years ago, therefore it's no longer on my report.

 

My question is does capital one consider delinquent accounts with them in the past?? Meaning, if I failed to pay on a card with them 10 years ago, would they be willing to give me one now?


I did not mean to imply that you filed BK, just stated that other people that had filed a BK, as well

as other negative actions, have been approved, just used as an example, sorry.


Starting Score TU 667 EQ 663 EX 655
Current Score TU 778 EQ 776 EX 781 Last Update 4/2016
Garden Club 04/10/2013
Message 7 of 12
SunriseEarth
Moderator Emeritus

Re: Capital One - Can I even be approved if I defaulted 10 years ago?


@jbishop1001 wrote:

If I had a collection from Capital One when I was 18 (I am 28 now) can I still be approved for one of their secured cards? It was charged off and never paid but doesn't show on my reports because it's been over 7 years. Should I avoid applying? They have denied me before but didn't specify that reason. 


I had a settled and an unpaid CO with Cap One.  I currently have two Cap One cards.  However, once was a former HSBC card and the other I had to recon (denied with a 682 FICO due to BK from 05...seemed odd).  



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Message 8 of 12
azguy13
Senior Contributor

Re: Capital One - Can I even be approved if I defaulted 10 years ago?

I have heard many success stories about Cap1 not blacklisting and allowing people back after getting burned. I think out of all the lenders, they would be the easiest to get back with. It may take a recon, but I don't see why they would not accept you back. 

Message 9 of 12
TiggerDat
Valued Contributor

Re: Capital One - Can I even be approved if I defaulted 10 years ago?

Ten years?  I think that is long out of their memories.  You can default on them more than once and still be approved.  In fact, depending on your credit situation now you might even qualify for unsecured card.

It is by will alone I set my mind in motion.....
Always follow these rules: Only take a HP for a new account. Always use the best rewards card for that reward category. Don't close a card unless you know you really should. Never use more than 35% of a credit limit. Recon as much and as best you can. Use the introductory period to the best advantage. Get the signup bonus. Whenever possible PIF or balance transfer so you pay less in interest. Never give an excellent rating when it is actually the norm. Always look for a discount as more is always better.
Always accept candy from strangers because they have the best candy or from people you know have good candy.
Message 10 of 12
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