Credit Cards Center Credit cards from our partners
Reply
Valued Contributor
Posts: 1,367
Registered: ‎04-20-2012
0

Re: Testing Chase waters again...


Open123 wrote:

I'm really curious how issuers decide whom they will forgive on prior bad debts.  I know they do forgive a portion.  I wonder if it's based on time, amount, some other data or if some they've just lost the records.

 

Any insights?


I'm sure it's all of the above, but suspect the notional amount is given a lot of weight. If someone screwed me out of $7,000, I would never loan them money again either.

TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

J.P. Morgan Palladium ($250k) | AmEx Platinum (NPSL) | AmEx SPG Personal/Business ($50k/$50k) | Citi Executive AAdvantage WEMC ($50k) | Citi Dividend WEMC ($50k) | Chase Sapphire Preferred VS ($50k) | Chase Ink Bold WEMC ($50k Flex) | Chase Ink Plus WEMC ($25k) | Chase Freedom VS ($25k) | Chase Freedom WMC ($25k) | Chase MileagePlus Explorer ($25k) | Chase Southwest RR Plus Business/Personal ($15k/$15k) | Barclays US Airways ($25k) | Barclays Hawaiian Airlines ($25k) | BofA Alaska Airlines ($10k) | Lexus Financial Services ($30k) | Mercedes-Benz Financial Services ($50k)
Moderator
Posts: 27,204
Registered: ‎09-13-2012
0

Re: Testing Chase waters again...

Sorry...I guess they a red alert pops up when you app Smiley Sad
Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
0

Re: Testing Chase waters again...M

[ Edited ]
@open123,

I'm guessing it has to do with timing, amount, and type of loan.

Certain types of loans banks are at least able to recover part of the principal they loaned out so its not so bad for them, which basically also means they got burned less. Or maybe due to the fact the loan originated from another department might have played a small role. there seems to be more people posting on this forums about being able to get accounts with chase again after burning them for auto, mortgage or business loans, as compared to credit card debt. But the sample size we have is extremely small and the data could be very skewed, so it's really hard to tell.
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Valued Contributor
Posts: 2,701
Registered: ‎03-15-2012
0

Re: Testing Chase waters again...M

I'm rehashing one of my old threads.

I just submitted another application for the card.

I received the 30 day notice on the web app, and when I called the app status line I was given a 7 to 10 days notice, with a commentary that the app is currently under review. Let's see how long this blacklist will go....   

Valued Contributor
Posts: 2,465
Registered: ‎12-09-2013
0

Re: Testing Chase waters again...M


Burned2manybridgesB4 wrote:

I'm rehashing one of my old threads.

I just submitted another application for the card.

I received the 30 day notice on the web app, and when I called the app status line I was given a 7 to 10 days notice, with a commentary that the app is currently under review. Let's see how long this blacklist will go....   


Sorry to hear about the blacklist with Chase Smiley Sad

 

Best of luck on the new app!  Banks can and should chose their own risk profiles.  But I don't think it's right that they continue to blacklist after over a decade.  The intent of a a BK is to have a fresh start.  I can understand shorter term blacklists, or a permanant blacklist if they were burned more than once.  Even Chase makes mistakes.  I'm sure every taxpayer here remembers TARP (which they did pay back).

 

I left Chase a few years ago and switched to a CU.  Only recently did I add a couple of cards. 

 

I'm SURE you are much better off without them. 

NFCU nCashRewards VISA - $20,000 | NFCU nRewards $10,000
AMEX Costco TrueEarnings $5,000 | AMEX Delta Gold $1,500
Chase SWA VISA $5,000 | Chase Slate $3,500 | Chase Amazon Rewards VISA $3,000
HSN Mastecard $3,500
Established Contributor
Posts: 653
Registered: ‎01-31-2013
0

Re: Testing Chase waters again...M


sailor_mercury wrote:

Burned2manybridgesB4 wrote:

I'm rehashing one of my old threads.

I just submitted another application for the card.

I received the 30 day notice on the web app, and when I called the app status line I was given a 7 to 10 days notice, with a commentary that the app is currently under review. Let's see how long this blacklist will go....   


Sorry to hear about the blacklist with Chase Smiley Sad

 

Best of luck on the new app!  Banks can and should chose their own risk profiles.  But I don't think it's right that they continue to blacklist after over a decade.  The intent of a a BK is to have a fresh start.  I can understand shorter term blacklists, or a permanant blacklist if they were burned more than once.  Even Chase makes mistakes.  I'm sure every taxpayer here remembers TARP (which they did pay back).

 

I left Chase a few years ago and switched to a CU.  Only recently did I add a couple of cards. 

 

I'm SURE you are much better off without them. 


Why not?

   
FICO Scores 800+
Established Contributor
Posts: 653
Registered: ‎01-31-2013
0

Re: Testing Chase waters again...M


Burned2manybridgesB4 wrote:

I'm rehashing one of my old threads.

I just submitted another application for the card.

I received the 30 day notice on the web app, and when I called the app status line I was given a 7 to 10 days notice, with a commentary that the app is currently under review. Let's see how long this blacklist will go....   


GL

   
FICO Scores 800+
Established Member
Posts: 795
Registered: ‎01-20-2014
0

Re: Testing Chase waters again...M

[ Edited ]

I burned them for $1200 and $7500 (Providian Card which WaMu took over which Chase over) in 2006 both CO's......I got approved yesterday for 11k! I'm back with CHASE!!! Instant approval. I had the recon guy on the phone holding my hand and he said see, you didn't even need my help!!! I hope you get back with Chase OP! Good Luck!!!

$600 Barclaycard® Rewards MasterCard® - Average Credit $6500 Blue Cash Everyday® Card from American Express $30k credit card16k Chase Freedom® - $200 Bonus12k VSiggy
Frequent Contributor
Posts: 7,913
Registered: ‎10-03-2008
0

Re: Testing Chase waters again...M

Vegas247 - Hats off to you. Did virtually the same thing with Chase January 2013! Figured I never had a chance. Great CL! You are in.
Starting Score: 848
Current Score: 824
Goal Score: 850


Take the myFICO Fitness Challenge
Frequent Contributor
Posts: 285
Registered: ‎06-25-2010
0

Re: Testing Chase waters again...M


Burned2manybridgesB4 wrote:

I'm rehashing one of my old threads.

I just submitted another application for the card.

I received the 30 day notice on the web app, and when I called the app status line I was given a 7 to 10 days notice, with a commentary that the app is currently under review. Let's see how long this blacklist will go....   


This is CRAZY!!!!

 

im shocked they hold a grudge so long. Even Amex eventually forgives.

 

Let us know how this turns out this time. Freedom card again?

Current Score: TU (discover) 720 - 6/29/14 | EQ (score watch) 777 - 7/19/14 - Last App 7/21/14

NPSL          |      $27,600         |      $15,000      |      $7,000      |     $2,800     |      $11,000    |      $13,530      |      $5,200

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.