08-09-2012 04:16 PM
About 9 years ago I was injured and went on disability and with loss of job + medical bills, I had lots of financial struggles. I didn't do BK, just let accounts charge off, and then cleaned my credit as I could. I'm healthy now, have a good job and have a completely clean credit report. Credit scores around 715-740 at time of applications. Have accounts with good limits with PenFed, USAA, NFCU, etc. (high limit of 20k)
I'm not going to need to apply for credit for a while, so I decided to try for some good reward cards from places I had previous charge-offs from.
Chase --- had 4 chase cards charaged off with a total of about 30k. Applied for the Southwest Airlines Rapid Rewards Card, was denied --letter said derogatory relationship with bank. I called in to reconsideration line and explained my past issue. Approved for $3000.
DIscover -- had 2 cards charged off with total of 28k. Applied online and was approved for $3000.
Bank of America -- had 2 cards charged off 33k. Also had a charge-off with MBNA for 50k (BofA bought MBNA). Applied for dividend select card. Denied. Called for reconsideration and after explanation was approved for $750. Funny thing all they asked about was the past MBNA account, BofA accounts didn't show up.
AMEX -- Charge-off for 7k -- Applied and denied, called for reconsideration and was denied. I didn't get to tell them any history, I was told executive team would review and let me know. Didn't pull credit.
Citibank -- Charge-off for 3k -- Applied and denied, I'm going to call and ask for reconsideration-- will update with results.
Capital One -- charge-off of 20k. Applied and was denied. Didn't pull credit. Just cited adverse relationship. I'm not going to call on this one as I don't want another credit pull, and with recent app spree, my scores are at about 695.
Anyway, thought this would be interesting to some of you.
08-09-2012 05:04 PM
I'm sorry to hear what happened to you, but $121,000 charged off from CCs? No wonder we are in the financial situation that we are in now.
08-09-2012 06:15 PM
Thanks for sharing your experience.
It seems to me that AMex is the only company that is consistent with their blacklisting. I know some people slip throught eh cracks, but they are the exception.
I read so many difference experiences with Chase and Citibank.
08-09-2012 07:08 PM
Thank you for sharing. I wish that I can get back into Citi & Chase. I'm black listed from Citi when I lost my job back in 2005 within my 1st year in collage. I couldnt pay Citi because of school and my father has passed. Chase was a business expense card for a company I work for as a intern from 2006. I quit the job and I submitted receipts before I quit and they never paid them.
08-09-2012 08:19 PM
I thought CapOne didn't have a BL.
08-10-2012 02:50 AM
I thought CapOne didn't have a BL.
They might for a $20k CO lol Btw if you want to get back in Cap1, a good way is to app for the Best Buy RewardZone MasterCard. It is currently serviced by Capital One Card Services, and so the systems have integrated yet.
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