topic Discover blacklist? in Credit Card Applications

Discover blacklist?

Anonymous — Fri, 31 Aug 2018 04:31:05 GMT

Hi everyone,
I applied for a discover yesterday with an average credit score of about 700 ( all three beaureaus are similar) and I immediately got denied with no HP. I called recon line and the woman told me it was because they closed a discover card I had in 2015. I had a $500 limit and I blew to $800. They closed my card and I paid it off in like a month. How long is it on average to get off the blacklist? Does anyone have any experience with this?

Re: Discover blacklist?

MrDFinance — Fri, 31 Aug 2018 05:03:09 GMT

It really varies but some blacklist last 7-10-20 years.... Usually it's 7 years if it's a charge off and it falls Off your report but being that you paid it there's no telling how long they can hold that grudge for....

Re: Discover blacklist?

Anonymous — Sat, 01 Sep 2018 00:41:46 GMT

Banks do not typically keep records (computer, paper, recordings etc) beyond what they are required by regulatory requirements. Doing so could be a liability to them. This means that you will probably not be on the blacklist for more than that period of time. I believe the maximum time depends on the activity that occurred on the account. For instance, if the account was closed and simply paid the amount of time the bank is required to keep those records is significantly less than an account that was included in a Chapter 7 bankruptcy. That is why you are getting answers that vary from 7 to 10 years. AMEX is notorious for 20 years and this has nothing to do with record retention policies. They just like to hold a grudge.

Re: Discover blacklist?

Anonymous — Sat, 01 Sep 2018 13:11:41 GMT

Okay, yeah it was only $800 and it was paid within a month. Thanks!

@Anonymous

Re: Discover blacklist?

sjt — Wed, 05 Sep 2018 22:38:09 GMT

@Anonymous wrote:
Okay, yeah it was only $800 and it was paid within a month. Thanks!
@Anonymous

Thats odd they would deny you for an account that was closed and paid in 2015. You shouldnt be on the blacklist. Id call recon again.

Re: Discover blacklist?

Anonymous — Fri, 07 Sep 2018 18:21:52 GMT

So I called recon and they told me that my account from 2015 was in revoked status and that's the sole reason why I got denied. She said to try again in a few years. I'm kind of peeved. Is there a higher up that we can get to somehow? Like a loan officer that can review my stuff?

Re: Discover blacklist?

Anonymous — Fri, 07 Sep 2018 18:27:35 GMT

@Anonymous wrote:
Okay, yeah it was only $800 and it was paid within a month. Thanks!
@Anonymous

That's one way to look at it. Another is you went 60% over your CL causing your card to be closed.

Re: Discover blacklist?

sjt — Fri, 07 Sep 2018 19:31:22 GMT

@Anonymous wrote:
@Anonymous wrote:
Okay, yeah it was only $800 and it was paid within a month. Thanks!
@Anonymous

That's one way to look at it. Another is you went 60% over your CL causing your card to be closed.

That certainly is a reason for the card to be shut down, but to be blacklisted is another story. Especially if they paid the card off in full and they were able to rebuild to a FICO score of 700 plus.

Re: Discover blacklist?

Brian_Earl_Spilner — Fri, 07 Sep 2018 19:37:25 GMT

@sjt wrote:
@Anonymous wrote:
@Anonymous wrote:
Okay, yeah it was only $800 and it was paid within a month. Thanks!
@Anonymous

That's one way to look at it. Another is you went 60% over your CL causing your card to be closed.
That certainly is a reason for the card to be shut down, but to be blacklisted is another story. Especially if they paid the card off in full and they were able to rebuild to a FICO score of 700 plus.

Banks are clamping down. Chase blacklists anyone that has a bankruptcy for 10 years now, even if they weren't included.

Re: Discover blacklist?

sjt — Fri, 07 Sep 2018 19:50:31 GMT

@Anonymous wrote:
So I called recon and they told me that my account from 2015 was in revoked status and that's the sole reason why I got denied. She said to try again in a few years. I'm kind of peeved. Is there a higher up that we can get to somehow? Like a loan officer that can review my stuff?

I would write them a recon letter. State the reason why your last Discover Card was over the limit, mention that you repaid in full, and how you rebuilt your credit. Also mention that you would like the opportunity to regain membership, etc.

Re: Discover blacklist?

Anonymous — Fri, 07 Sep 2018 19:59:05 GMT

@sjt wrote:
@Anonymous wrote:
@Anonymous wrote:
Okay, yeah it was only $800 and it was paid within a month. Thanks!
@Anonymous

That's one way to look at it. Another is you went 60% over your CL causing your card to be closed.
That certainly is a reason for the card to be shut down, but to be blacklisted is another story. Especially if they paid the card off in full and they were able to rebuild to a FICO score of 700 plus.

In her syndicated advice column Ann Landers would regularly quote a saying, various versions of which trace back centuries: "Fool me once, shame on you; fool me twice, shame on me."

Not wanting to lend to one who has broken agreements in the past seems a quite reasonable position for a lender to take, especially in such a short period of time. I think the CSR's advice was also reasonable, "Check back in a couple of years."

Re: Discover blacklist?

Anonymous — Fri, 07 Sep 2018 23:43:35 GMT

I agree. I'm one that Chase has locked out until 2024 due to my having IIB'ed them to the tune of $13k; in fact, I'm really not sure I'd even be allowed to apply for one of their co-branded cards. I IIB'ed Citi on a mortgage (secured loan) as well as a co-branded (Best Buy) card; I'm told I might be able to get a co-branded Citi card again, possibly the Costco one, but I'd be bucketed and unable to get CLI's. In both cases, the lenders are justifiably reluctant to take another chance on me until enough time has passed that they can be sure of me again. It's unfortunate given that these are, along with Amex (which won't take applications from me until next year due to my BK although I've never done business with them) the favorite issuers here, or at any rate the most mentioned ones, but it is what it is.

Re: Discover blacklist?

Anonymous — Sat, 08 Sep 2018 00:20:31 GMT

I'm not saying it isn't justified. I think that lenders can deny you based on having the letter a in my name. I still want the card. My credit is much better than it was and I am trying to get more accounts with low balances being paid off every month so I can get a mortgage in the future. I appreciate the insight

Re: Discover blacklist?

FinStar — Sat, 08 Sep 2018 18:02:48 GMT

Just keep in mind that if you decide to escalate the issue to the EO channel, Discover isn't known to reconsider. Doesn't hurt to ask, but I wouldn't keep my hopes up.