Utill hasn't changed. I haven't had a late payment with my current freedom card or any card in my file in over 7 years. In the past about 7 years ago I had a chaged off card with Chase. I did pay the collection company and that has fallen off report. I guess Chase does hold it against me. Meanwhile I have 2 amex revolvers and one charge and 3 citi cards all above 6000 CL each. Go figure 
What was your bad account? Did you have a CO?
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@youngandcreditwrthy wrote:
Pahahahaha!
So is it safe to infer that Chase's practice with this poster is Amex like? Aka...worthy the CFPB investigating....
Not the same thing. Amex got busted for two main things:
1) Getting people to pay off charged off debt by implying it would help their credit even if the old debt was past SOL/Reporting Limitations and not on credit report
2) Getting people to subscribe to some program by implying they would get $300 credit
As a result, AMEX was forced to give the $300 payments and return money collected from old debts outside SOL/Reporting Limits. Additionally they had to pay a bribe to the government for their time and effort.
In the OPs case, Chase is well within their rights to consider everything they have info on when considering how to handle OPs account. On the other hand, I think it is bad CS on their part. Either reject the guy and tell him it was because of bad debt or forgive him/give me a card/move on.
LIMITS IN CARD DESCRIPTIONS
@Crashem wrote:
@youngandcreditwrthy wrote:
Pahahahaha!
So is it safe to infer that Chase's practice with this poster is Amex like? Aka...worthy the CFPB investigating....Not the same thing. Amex got busted for two main things:
1) Getting people to pay off charged off debt by implying it would help their credit even if the old debt was past SOL/Reporting Limitations and not on credit report
2) Getting people to subscribe to some program by implying they would get $300 credit
As a result, AMEX was forced to give the $300 payments and return money collected from old debts outside SOL/Reporting Limits. Additionally they had to pay a bribe to the government for their time and effort.
In the OPs case, Chase is well within their rights to consider everything they have info on when considering how to handle OPs account. On the other hand, I think it is bad CS on their part. Either reject the guy and tell him it was because of bad debt or forgive him/give me a card/move on.
+1 Personally, I would be careful about carelessly throwing out threats of CFPB investigations less it actually dilutes the seriousnes of a CFPB complaint.
