I'm surprised that there are lenders that tolerate people who have burned them somewhat recently. I think I burned Citi and Wachovia/Wells Fargo when I was young with some (small <1k) unpaid charge offs, but to be honest I'm not even sure since they've long since dropped. I think I have a CR I printed from the free annual one a few years ago, maybe I'll look for it to verify. All I know is when I was 18-19 Citi marketing was relentless, and since my credit has rebounded, I haven't heard anything from Citi. This makes me think that I'm blacklisted. Oh well, none of their cards were particularly attractive anyhow. And I don't think Wells Fargo has had a nice credit card, ever. They are a major bank in my area, though so maybe burning that bridge wasn't too good if I shop for a loan of some kind in the future.
Oh well! Live and learn.
@thom02099 wrote:
@nj23 wrote:I'm surprised that there are lenders that tolerate people who have burned them somewhat recently. I think I burned Citi and Wachovia/Wells Fargo when I was young with some (small <1k) unpaid charge offs, but to be honest I'm not even sure since they've long since dropped. I think I have a CR I printed from the free annual one a few years ago, maybe I'll look for it to verify. All I know is when I was 18-19 Citi marketing was relentless, and since my credit has rebounded, I haven't heard anything from Citi. This makes me think that I'm blacklisted. Oh well, none of their cards were particularly attractive anyhow. And I don't think Wells Fargo has had a nice credit card, ever. They are a major bank in my area, though so maybe burning that bridge wasn't too good if I shop for a loan of some kind in the future.
Oh well! Live and learn.
Live and Learn, indeed!
I read on another forum a while back about a guy who had burned credit card companies for over $1MILLION, and was trying to get back in their good graces! He'd burned AMEX for a quarter million alone, and had applied to get an AMEX and....surprise...denial! And he was crying the blues about it, that the debt was over 12 years ago, and wanted to know about statute of limitations, and FRCA and whine, whine...whine!!!
Some people! This freeloader is an example of a person who makes it tough on everyone else who's actually trying to rebuild and repay. He paid not a cent on the debt and apparently felt no remorse or accountability for the debt.
Karma caught up with him apparently!
Man, if he paid it back that would be one thing, but with debts like that, his credit should be forever ruined. I wonder what happened to all of those "modern debtors prisons" the neo-socialists are always talking about - clearly he would be a perfect candidate for such a place. So many people forget how many bad debts lenders have to soak up - granted there are ways of softening the blow, but just in my circle of knowing, I know someone who has burned Sallie Mae for 100k in student loans, that he may get discharged in BK! While he is my friend, and I understand and sympathize with his circumstances, I cannot condone or...encourage thoughts of anything other than it is - he took them for 100k.
Oh, and I've come to the realization that Americans (and more broadly, westerners) are the most self-entitled bunch of people in the history of mankind. That might be harsh, and I can't say I'm completely innocent, but yeah.