topic Re: Reapplying for charged off credit issuers in Credit Card Applications

Reapplying for charged off credit issuers

IcyCool7227 — Mon, 09 Jan 2023 07:48:02 GMT

I'm confused about something. I have had 3 deragatory credit card fallouts. For example, Chase Amazon was written off as a charge off but no collection. The other issuers are Barclays and US Bank. When I had applied for a Chase card they wouldn't approve me because of the deragatory relationship with their bank. Chase has now fallen off my credit report a few months ago so if my score improves and apply again, because it's not on my report any longer, would I get another chance of approval? Or do they consider that forever permanent? Over the last several years I have been doing much better with credit cards so I have that going for me.

Re: Reapplying for charged off credit issuers

bigseegar — Mon, 09 Jan 2023 12:35:04 GMT

@IcyCool7227 wrote:
I'm confused about something. I have had 3 deragatory credit card fallouts. For example, Chase Amazon was written off as a charge off but no collection. The other issuers are Barclays and US Bank. When I had applied for a Chase card they wouldn't approve me because of the deragatory relationship with their bank. Chase has now fallen off my credit report a few months ago so if my score improves and apply again, because it's not on my report any longer, would I get another chance of approval? Or do they consider that forever permanent? Over the last several years I have been doing much better with credit cards so I have that going for me.

All of those issuers and especially Chase maintain internal Blacklist of prior bad accounts. While dropping off your reports certainly help with your scores and other issuers. It will have little to do with the internal BL. Only time and sometimes lots of that will help. In my case it took me 19 years to get off of AmEx internal BL for example.

Re: Reapplying for charged off credit issuers

FireMedic1 — Mon, 09 Jan 2023 15:55:37 GMT

Chase has a looong memory. Are the other 2 CO's still on your reports with balances?

Re: Reapplying for charged off credit issuers

OmarGB9 — Tue, 10 Jan 2023 19:48:35 GMT

You may get another shot with Chase, but if you do, it likely wouldn't be for a while. It's always a case by case basis, but in general, they tend to take a long time to forgive. And note that just because the derog is off your reports, it doesn't mean it's off the lender's internal records. Did you ever pay Chase back? If you had/do, that could help to an extent in getting back in sooner.

Re: Reapplying for charged off credit issuers

IcyCool7227 — Tue, 10 Jan 2023 23:08:55 GMT

Before yesterday I wasn't even aware of internal blacklists and thought that when it fell off my credit report it would be gone from their record as well when they ran a credit check upon applying again. No I never paid Chase but that has fallen off my credit report recently and the total was about $6800 - I just simply do not have that kind of money paying around.

I have almost the amount of money to pay the US Bank creditor back (around $2000) but with what I was planning to purchase this year it wouldn't be enough. Should I be paying US Bank back in order to get back into their good graces? Does US Bank ever take people off the blacklist - there is not a lot of info supporting that.

Finally it seems Barclays isn't automatically forgiving that I would be approved automatically and that it would seem to take time at least 10 years and a reconsideration phone call would do the trick. Correct? The only card that Barclays seems to have that's appealing is the Choice Privledges card which I had before. Most of their other ones don't even appeal to me. I think I'd like to have us bank and Chase back. BTW Barclays sent me to collections and the collections was paid off in March of last year as part of a settlement for around $1100 something.

Re: Reapplying for charged off credit issuers

FinStar — Tue, 10 Jan 2023 23:15:45 GMT

@IcyCool7227 wrote:
Before yesterday I wasn't even aware of internal blacklists and thought that when it fell off my credit report it would be gone from their record as well when they ran a credit check upon applying again. No I never paid Chase but that has fallen off my credit report recently and the total was about $6800 - I just simply do not have that kind of money paying around.

I have almost the amount of money to pay the US Bank creditor back (around $2000) but with what I was planning to purchase this year it wouldn't be enough. Should I be paying US Bank back in order to get back into their good graces? Does US Bank ever take people off the blacklist - there is not a lot of info supporting that.

Finally it seems Barclays isn't automatically forgiving that I would be approved automatically and that it would seem to take time at least 10 years and a reconsideration phone call would do the trick. Correct? The only card that Barclays seems to have that's appealing is the Choice Privledges card which I had before. Most of their other ones don't even appeal to me. I think I'd like to have us bank and Chase back. BTW Barclays sent me to collections and the collections was paid off in March of last year.

Chase can be 50/50, but it depends on the loss, the type of loss, how long it's been, and/or if settled or paid. There have been some reports that some folks have been able to get approved upon reconsideration, but results will generally vary. All financial institutions keep internal records even if the tradeline drops off your CRs, it's those financial institutions that have the long memories.

US Bank is hit or miss.

Barclays - you might as well put that aside. Very rarely do they let some slip through the cracks, even if the CA was paid. Also, the Choice Privileges CC appears to have been recently discontinued.

Re: Reapplying for charged off credit issuers

Remedios — Tue, 10 Jan 2023 23:30:03 GMT

I'd put US Bank to the further side of aside.

Stuff falling off your credit report has no bearing on internal records which all lenders keep. Unlike some others, neither Chase or US Bank will accept payment once account has been charged off.

The only thing that works is time, but as stated upthread, that is going to be years and no one can put a checkmark on that particular calendar.

Re: Reapplying for charged off credit issuers

IcyCool7227 — Tue, 10 Jan 2023 23:34:10 GMT

Thanks well I will ask each of them when the time is right. It might help to pay back Chase and US Bank but that takes some savings discipline and when all important stuff like living necessities that needs to be paid for first comes first.

it does seem that the Choice Priv. card is still there as of seeing it on the Choice hotels website but I think the Priceline cc is better. For the record I am in good standing with Amazon Prime by Synchrony Bank, Kohls Charge by Capital One, Tomo, and finally Capital One Savor One. I also paid off my balance with the PayPal Mastercard by Synchrony in a timely manner when it was closed for an error of a returned payment that really wasn't my fault - they didn't support the Porte bank account it came out of. I've also had their Care Credit card but didn't use it so they closed it and the Fan Cash Rewards card which was closed due to my score slipping a bit but every bill was paid timely there. I have had zero late payments since I started rebuilding my credit back in 2018. I'm at 614 with Experian, 741 with TransUnion and 724 with Equifax vantage scores. The score should be going up soon as I just got the Savor One card and a CLI with the Kohls Charge card.

Re: Reapplying for charged off credit issuers

Horseshoez — Tue, 10 Jan 2023 23:48:02 GMT

@FinStar wrote:
Chase can be 50/50, but it depends on the loss, the type of loss, how long it's been, and/or if settled or paid. There have been some reports that some folks have been able to get approved upon reconsideration, but results will generally vary.

Agreed, I was fortunate to be among the "forgiven"; last month, just shy of 8 years after I filed my Chapter 13 (which burned Chase for something north of $10,000), they approved me for a new card. Based upon numerous reports here I've been prepared to never get back in with them again; that said, AMEX hasn't been so forgiving.

Re: Reapplying for charged off credit issuers

OmarGB9 — Wed, 11 Jan 2023 18:20:02 GMT

@IcyCool7227 wrote:
Thanks well I will ask each of them when the time is right. It might help to pay back Chase and US Bank but that takes some savings discipline and when all important stuff like living necessities that needs to be paid for first comes first.

it does seem that the Choice Priv. card is still there as of seeing it on the Choice hotels website but I think the Priceline cc is better. For the record I am in good standing with Amazon Prime by Synchrony Bank, Kohls Charge by Capital One, Tomo, and finally Capital One Savor One. I also paid off my balance with the PayPal Mastercard by Synchrony in a timely manner when it was closed for an error of a returned payment that really wasn't my fault - they didn't support the Porte bank account it came out of. I've also had their Care Credit card but didn't use it so they closed it and the Fan Cash Rewards card which was closed due to my score slipping a bit but every bill was paid timely there. I have had zero late payments since I started rebuilding my credit back in 2018. I'm at 614 with Experian, 741 with TransUnion and 724 with Equifax vantage scores. The score should be going up soon as I just got the Savor One card and a CLI with the Kohls Charge card.

Neither of them will be able to tell you when the time is right. They'll probably just say to "keep trying." It's all algorithm-based.

Honestly if you don't have the extra funds to pay, I wouldn't worry about it. I understand you'd like to get back in, and while paying them back (if they'd even allow you to, which @Remedios already alluded to they wouldn't) could've possibly helped, it still wouldn't have guaranteed anything.

Re: Reapplying for charged off credit issuers

SouthJamaica — Wed, 11 Jan 2023 20:45:52 GMT

@IcyCool7227 wrote:
I'm confused about something. I have had 3 deragatory credit card fallouts. For example, Chase Amazon was written off as a charge off but no collection. The other issuers are Barclays and US Bank. When I had applied for a Chase card they wouldn't approve me because of the deragatory relationship with their bank. Chase has now fallen off my credit report a few months ago so if my score improves and apply again, because it's not on my report any longer, would I get another chance of approval? Or do they consider that forever permanent? Over the last several years I have been doing much better with credit cards so I have that going for me.

1. The fact that it's not in your reports helps your scores, but is otherwise meaningless to the lender who was burned. They all keep records.

2. It's truly impossible to know whether you are still on their blacklist or not, until you actually go ahead and apply.

3. If you're in a position to pay off any of them, it couldn't hurt, but I would establish phone contact with the bank to ascertain where and how to make payment to make sure it gets credited properly.

4. AFAIK all 3 of those lenders are of the more unforgiving type.

5. It seems that nobody's blacklist is perpetual. Most likely you would be allowed back in sooner or later, but it's impossible to know when.

If I were you, I would probably just not apply to those particular lenders unless I was willing to just burn one or more HP's (I say "or more" because Chase frequently double pulls). There are so many other lenders out there with all kinds of great offerings.

I would certainly not bother with Barclays, which I consider a weirdo bank.

Re: Reapplying for charged off credit issuers

hackersmovie — Thu, 12 Jan 2023 17:02:44 GMT

@SouthJamaica wrote:
@IcyCool7227 wrote:
I'm confused about something. I have had 3 deragatory credit card fallouts. For example, Chase Amazon was written off as a charge off but no collection. The other issuers are Barclays and US Bank. When I had applied for a Chase card they wouldn't approve me because of the deragatory relationship with their bank. Chase has now fallen off my credit report a few months ago so if my score improves and apply again, because it's not on my report any longer, would I get another chance of approval? Or do they consider that forever permanent? Over the last several years I have been doing much better with credit cards so I have that going for me.

I would certainly not bother with Barclays, which I consider a weirdo bank.

@SouthJamaica I'm cracking up...

Re: Reapplying for charged off credit issuers

IcyCool7227 — Tue, 17 Jan 2023 10:35:37 GMT

Chase is the one with $6800 something. Now that it's off the CR I can't even see how much it was charged off for exactly with cents. If I never pay it would I ever get back with Chase again after more time or not? Would Chase even accept the payment at this point if it's off the CR?

Re: Reapplying for charged off credit issuers

Horseshoez — Tue, 17 Jan 2023 13:22:15 GMT

@IcyCool7227 wrote:
Chase is the one with $6800 something. Now that it's off the CR I can't even see how much it was charged off for exactly with cents. If I never pay it would I ever get back with Chase again after more time or not? Would Chase even accept the payment at this point if it's off the CR?

I cannot speak to whether Chase will accept some type of payment or settlement, however, there is plenty of anecdotal evidence on this forum to suggest you can A) pay them back, and B) get back in with Chase after some amount of time has passed. Regarding the time, I have no hard evidence to suggest paying them back will get you in sooner, but my gut tells me paying them will shorten your time on the blacklist, possibly from years to months.

Re: Reapplying for charged off credit issuers

OmarGB9 — Thu, 19 Jan 2023 19:04:12 GMT

@IcyCool7227 wrote:
Chase is the one with $6800 something. Now that it's off the CR I can't even see how much it was charged off for exactly with cents. If I never pay it would I ever get back with Chase again after more time or not? Would Chase even accept the payment at this point if it's off the CR?

You'd have to find an old report to find out the exact amount in case you want to pay them back (and obviously if they'll even accept you paying them back well after it aging off) and also to make sure they aren't pulling one over on you.

If you never pay it/can no longer pay it, you'll likely be blacklisted for a long time (years, most likely). How long is anyone's guess.

Re: Reapplying for charged off credit issuers

drewricomakeubu — Tue, 24 Jan 2023 18:33:05 GMT

Does anyone know if Cap One and Citibank are forgiving in this matter?

Re: Reapplying for charged off credit issuers

Horseshoez — Tue, 24 Jan 2023 19:41:25 GMT

@drewricomakeubu wrote:
Does anyone know if Cap One and Citibank are forgiving in this matter?

CapOne is very-VERY forgiving; Citi, don't even think about it.

Re: Reapplying for charged off credit issuers

drewricomakeubu — Tue, 24 Jan 2023 19:55:41 GMT

@Horseshoez wrote:
@drewricomakeubu wrote:
Does anyone know if Cap One and Citibank are forgiving in this matter?
CapOne is very-VERY forgiving; Citi, don't even think about it.

Do you happen to know how long Citi's memory is or an estimation? They sold my debt to collection close to 7 years ago. If they have long memories, I wont worry about it but I'm just trying to test the waters.

Re: Reapplying for charged off credit issuers

Horseshoez — Tue, 24 Jan 2023 20:06:39 GMT

@drewricomakeubu wrote:
@Horseshoez wrote:
@drewricomakeubu wrote:
Does anyone know if Cap One and Citibank are forgiving in this matter?
CapOne is very-VERY forgiving; Citi, don't even think about it.
Do you happen to know how long Citi's memory is or an estimation? They sold my debt to collection close to 7 years ago. If they have long memories, I wont worry about it but I'm just trying to test the waters.

I'm 10 years out and am still blacklisted. At this point I have all of the cards I need so it is unlikely I'll ever reapply again.

One other thing I found out is, unlike for those on the AMEX blacklist where you don't even get a soft pull, CITI hits you with a hard pull and then denies you. No thanks.

Re: Reapplying for charged off credit issuers

drewricomakeubu — Tue, 24 Jan 2023 20:09:44 GMT

@Horseshoez wrote:
@drewricomakeubu wrote:
@Horseshoez wrote:
@drewricomakeubu wrote:
Does anyone know if Cap One and Citibank are forgiving in this matter?
CapOne is very-VERY forgiving; Citi, don't even think about it.
Do you happen to know how long Citi's memory is or an estimation? They sold my debt to collection close to 7 years ago. If they have long memories, I wont worry about it but I'm just trying to test the waters.
I'm 10 years out and am still blacklisted. At this point I have all of the cards I need so it is unlikely I'll ever reapply again.

One other thing I found out is, unlike for those on the AMEX blacklist where you don't even get a soft pull, CITI hits you with a hard pull and then denies you. No thanks.

Interesting... thanks for the info. very helpful.