Reply
Regular Contributor
Posts: 242
Registered: ‎06-07-2011
0

Will Citi approve me?

Hello people, I wanted to ask if anyone previously had a Home Depot credit card that went to collections? If so, have you been "blacklisted" from Citi from being approved again for any of there cards or for a certain amount of years?

 

I had a Home Depot credit card issued by Citi that went to collections and I settled with a CA at the beginning of this year. I'm trying to hold off on applying for new cards until a year from now. I would like to know if I most likely will automatically be rejected because of this or not?

 

Any help is appreciated thanks.

Super Contributor
Posts: 5,759
Registered: ‎01-28-2008
0

Re: Will Citi approve me?

According to a Citi CSR today, they policy recently changed.  They are able to bring up old accounts and will base approvals on the history of one's old account. 

Established Contributor
Posts: 913
Registered: ‎06-09-2011
0

Re: Will Citi approve me?


DI wrote:

According to a Citi CSR today, they policy recently changed.  They are able to bring up old accounts and will base approvals on the history of one's old account. 



Wait - an old charged off account could count as a POSITIVE thing? Not like it does me any good either way.

EQ 679 FICO (02/24/2012)
TU 721 FICO (03/10/2012)
EX 703 FICO (05/05/2012)

Cards: NFCU cashRewards $14k, NFCU Platinum $14k, USAA Amex $7k, Amazon Visa $3k, Chase Freedom $2.5k, Amex Zync NPSL, Discover More $1k, Amazon Store $1.3k, Walmart Store $700
Established Contributor
Posts: 522
Registered: ‎08-05-2009
0

Re: Will Citi approve me?


AndyK wrote:

DI wrote:

According to a Citi CSR today, they policy recently changed.  They are able to bring up old accounts and will base approvals on the history of one's old account



Wait - an old charged off account could count as a POSITIVE thing? Not like it does me any good either way.


I take that to mean old charged off accounts will automatically be denied. I don't see how a CO could be positive. But who knows. Won't know till you try. Personally, I wouldn't ask for credit from any bank that I screwed over.

Mine- Amex BCE $11.1 / Citi Diamond Preferred WMC $12K / Citi Double Cash WMC $3.8K / Comenity Total Rewards Visa $2.5K / Citi Home Depot $5K / DW's- I'm AU on most- Amex BCP $12K / Chase Freedom Visa $11014.00 / PenFed Platinum Rewards Visa Signature $6K / Citi Simplicity MC $4.4K / GE Lowes $10K / GE CareCredit $5K
myFico Scores as of 10/03/2014
Equifax 798 / Experian 811 / TransUnion 814
Established Contributor
Posts: 913
Registered: ‎06-09-2011
0

Re: Will Citi approve me?


OnTheRebound wrote:

I take that to mean old charged off accounts will automatically be denied. I don't see how a CO could be positive. But who knows. Won't know till you try. Personally, I wouldn't ask for credit from any bank that I screwed over.



That definitely makes more sense, but I assumed banks ALREADY knew what charged off accounts there were in someone's history, either based on their own archives/records or based on the person's credit report.

It's just that to me "base approvals on the history of one's old account" sounds like basing it on the actual history of the old account, not on whether it was charged off or not.

But I do agree, if I had a CO with a bank/ccc, I probably wouldn't try to apply for an account with them again, unless a whole lot of time had passed.

EQ 679 FICO (02/24/2012)
TU 721 FICO (03/10/2012)
EX 703 FICO (05/05/2012)

Cards: NFCU cashRewards $14k, NFCU Platinum $14k, USAA Amex $7k, Amazon Visa $3k, Chase Freedom $2.5k, Amex Zync NPSL, Discover More $1k, Amazon Store $1.3k, Walmart Store $700
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 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.

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.