Just got off the phone with a Chase Analyst. I applied for a CSP back on 7/5 and was that they pulled my EQ that same date. But the application is still in "under review" status when you call the App Status phone line.
I have a utilization of 8% and a EQ FICO score of just under 700. I can also very pleasantly announce that I had an Alliance One account that I had paid if full back on 7/2011 deleted a couple days ago on 7/16. My strategy was going to be to ask for a recon prior to them making a final decision because of the great new news that my collection had been removed after they originally pulled my EQ.
The guy was VERY nice, but told me that I had 4 COs with Chase and that is what they are currently reviewing. WT^%$$&*? I hadn't a clue. He did about 5 minutes of research and asked me if I had some credit lines that may have been "bought" by Chase over the years. He told me that it looked like the lines were chargoffs back on 2002 that would NOT have appeared on any CR anymore but that "Chase now reserves the right to keep and use this information in the considerations".
He called off an old First USA account that he thought may have been bought by Chase, and he was right. But, I recall and explained to him that I had a job loss in 2003 which resulted in some late payments. And that I actually paid that and several other accounts off as a result of the profits from selling my house and relocating. Thank goodness I did have paid in full balances for this and other credit accounts back then. I told him that I did not and would not "bilk Chase for the moeny".
He aproved the recon because I had reestablishe another Chase card in 2008. This wasn't a direct relationship, but Chase had also bought my account from Washington Mutual and converted me to a Chase card. Again so glad that I've not had a single late since 2008 on any account and I'd PIF'd my Chase bill last month in order to prep for the CSP app. He told me that he has looked over my credit score, balances and my current activity to ensure proof of positive "re-establishment" of credit with Chase. But that my app would be "re-reviewed" again and that I should hear something soon, but that his is okaying the "re-review" and felt positive about the app.
My big point here is that with the massive consolidation of the Banks since 2007-08, these big banks have MASSIVE amounts of data about many of us that we probably don't realize. And that even in cleaning up and making sure that our CRs are spic and span and well maintained the card companies litterally have toves of information that they are using to make decisions. Thus 7 years, no longer means what we thought it did previously!
