topic Re: Bankruptcy Blacklist - add what you know in Bankruptcy

Bankruptcy Blacklist - add what you know

masscredit — Mon, 27 Jan 2025 17:01:02 GMT

I haven't seen any extensive lists for how long credit card companies blacklist people who have filed for bankruptcy so maybe we can make this the one. There are probably two catagories. If you've burned them and if you've' filed but didn't burn them. Share you're experiences/what you know.

Capital One - tends to be very forgiving. Even if they were part of the BK.

AMEX - I've read you can try with them 61 months after BK. Don't recalled if that's if they were included or not.

NFCU - Has a long memory if you burned them. Have to pay them or nothing.

PENFED - I recently used their pre-approval page to see what it would say. I was approved for a loan but denied for a credit card. They were burned in my BK that was DCed in June '22.

Re: Bankruptcy Blacklist - add what you know

Anonymous — Mon, 27 Jan 2025 21:32:29 GMT

@masscredit wrote:
I haven't seen any extensive lists for how long credit card companies blacklist people who have filed for bankruptcy so maybe we can make this the one. There are probably two catagories. If you've burned them and if you've' filed but didn't burn them. Share you're experiences/what you know.

AMEX - I've read you can try with them 61 months after BK. Don't recalled if that's if they were included or not.

From what I've read, if you burn Amex you (almost) never get a chance to get back unless and until you pay the amount owed.

Re: Bankruptcy Blacklist - add what you know

IsambardPrince — Tue, 28 Jan 2025 03:24:24 GMT

@masscredit wrote:
I haven't seen any extensive lists for how long credit card companies blacklist people who have filed for bankruptcy so maybe we can make this the one. There are probably two catagories. If you've burned them and if you've' filed but didn't burn them. Share you're experiences/what you know.

Capital One - tends to be very forgiving. Even if they were part of the BK.

AMEX - I've read you can try with them 61 months after BK. Don't recalled if that's if they were included or not.

NFCU - Has a long memory if you burned them. Have to pay them or nothing.

PENFED - I recently used their pre-approval page to see what it would say. I was approved for a loan but denied for a credit card. They were burned in my BK that was DCed in June '22.

Amex is 61 months if you did NOT burn them. If you did and you don't pay it back, depends on how mad they are about it. Some people get back in 8-9 years later, some people 20, some never. But they don't do a hard pull until you've been approved and THEN accept the card, so you can just ask every month if you want to. The only thing that you get if they refuse it is a lot of letters saying no and this is why.

I did not burn AmEx so I plan to ask soon, later this year.

Capital One let me back in exactly 12 months after losing well over $20,000. I now have credit lines of almost $30,000 5 years later.

Re: Bankruptcy Blacklist - add what you know

masscredit — Tue, 28 Jan 2025 15:22:41 GMT

How about Synchrony? I've read posts that say 2 1/2 years and I've read posts that say 7-10 years.

And data points for Chase, BoA, Discover?

I burned Discover. They keep denying me when I use their pre-qualification site.

Re: Bankruptcy Blacklist - add what you know

JoeRockhead — Tue, 28 Jan 2025 16:40:21 GMT

I believe Chase has similar policies to Amex but perhaps not as long a memory as Amex if burned
BoA can be forgiving after a few years
Synchrony can be forgiving after a few years
Disco can be forgiving, YMMV as to when
Barclays is forever

Re: Bankruptcy Blacklist - add what you know

Horseshoez — Tue, 28 Jan 2025 16:49:24 GMT

@JoeRockhead wrote:
I believe Chase has similar policies to Amex but perhaps not as long a memory as Amex if burned
BoA can be forgiving after a few years
Synchrony can be forgiving after a few years
Disco can be forgiving, YMMV as to when
Barclays is forever

In my experience, Chase and Amex have two very different types of memory; I burned both in my 2015 Chapter 13, I got back in with Chase after my bankruptcy fell off my recoreds, Amex is still telling me to get lost.

Re: Bankruptcy Blacklist - add what you know

pip3man — Tue, 28 Jan 2025 19:30:24 GMT

@masscredit wrote:
How about Synchrony? I've read posts that say 2 1/2 years and I've read posts that say 7-10 years.

And data points for Chase, BoA, Discover?

I burned Discover. They keep denying me when I use their pre-qualification site.

Honestly Synchrony is very odd when it comes to their approval after being IIB. My personal experience, I was first approved for the PayPal Mastercard 2yrs & 2 months post BK7 discharge. The card ended up getting closed by them 5 days later for unrelated reasons. Got approved for the Venmo CC at 3yrs post discharge ($12k current limit) and PayPal MC ($1k current limit) at the 4yr mark. The interesting part is I still get denied for all other SYNCB backed card ranging from Amazon, Lowes, Care Credit and everything in between. The denial reasons always states "prior unsatisfactory relationship." I would also state these same cards were burned in my BK7.

Re: Bankruptcy Blacklist - add what you know

isaemm76 — Fri, 31 Jan 2025 21:51:14 GMT

Did Capone let you in 12 months after filing or 12 months after discharge?

Re: Bankruptcy Blacklist - add what you know

masscredit — Sat, 01 Feb 2025 01:24:17 GMT

@isaemm76 wrote:
Did Capone let you in 12 months after filing or 12 months after discharge?

I was approved for my first unsecured card (Cap1 QuickSilver) 8 months after filing/5 months after DC. Had a $3000 SL. I burned them for quit a bit spread out over a few cards in my BK.

Re: Bankruptcy Blacklist - add what you know

IsambardPrince — Sat, 01 Feb 2025 09:00:05 GMT

@JoeRockhead wrote:
I believe Chase has similar policies to Amex but perhaps not as long a memory as Amex if burned
BoA can be forgiving after a few years
Synchrony can be forgiving after a few years
Disco can be forgiving, YMMV as to when
Barclays is forever

Chase asks if you've ever filed bankruptcy. A yes is auto denial and a no means they check and if you have one on your credit report you get a hard pull and a denial, iirc.

Re: Bankruptcy Blacklist - add what you know

IsambardPrince — Sat, 01 Feb 2025 09:01:03 GMT

@Horseshoez wrote:
@JoeRockhead wrote:
I believe Chase has similar policies to Amex but perhaps not as long a memory as Amex if burned
BoA can be forgiving after a few years
Synchrony can be forgiving after a few years
Disco can be forgiving, YMMV as to when
Barclays is forever
In my experience, Chase and Amex have two very different types of memory; I burned both in my 2015 Chapter 13, I got back in with Chase after my bankruptcy fell off my recoreds, Amex is still telling me to get lost.

AmEx particularly hates people who burn them and have shown a pattern of living off of debt they can't maintain.

Re: Bankruptcy Blacklist - add what you know

Horseshoez — Sat, 01 Feb 2025 14:23:21 GMT

@IsambardPrince wrote:
@JoeRockhead wrote:
I believe Chase has similar policies to Amex but perhaps not as long a memory as Amex if burned
BoA can be forgiving after a few years
Synchrony can be forgiving after a few years
Disco can be forgiving, YMMV as to when
Barclays is forever
Chase asks if you've ever filed bankruptcy. A yes is auto denial and a no means they check and if you have one on your credit report you get a hard pull and a denial, iirc.

I'm not sure of the vintage of that Chase claim, but in 2022 they never asked me if I'd filed, even though I burned them in my 2015 bankruptcy; I now have three of their cards totalling over $40,000 in credit limits.

Re: Bankruptcy Blacklist - add what you know

IsambardPrince — Sat, 01 Feb 2025 22:42:11 GMT

@Horseshoez wrote:
@IsambardPrince wrote:
@JoeRockhead wrote:
I believe Chase has similar policies to Amex but perhaps not as long a memory as Amex if burned
BoA can be forgiving after a few years
Synchrony can be forgiving after a few years
Disco can be forgiving, YMMV as to when
Barclays is forever
Chase asks if you've ever filed bankruptcy. A yes is auto denial and a no means they check and if you have one on your credit report you get a hard pull and a denial, iirc.
I'm not sure of the vintage of that Chase claim, but in 2022 they never asked me if I'd filed, even though I burned them in my 2015 bankruptcy; I now have three of their cards totalling over $40,000 in credit limits.

I pulled up an online card application last year to confirm that the question was on there (but didn't submit an application) after someone did a screen recording on YouTube.

At the time, there was a reconsideration number. And what the person said to do was answer no then call reconsideration.

The reason I would NOT do such a thing, EVER, is because lying on an application for credit can lead to bad legal problems later, especially if you manage somehow to lose the bank enough money that they get a US Attorney on it. Which has happened.

A lot of banks have this habit of playing dumb and allowing the credit card or other loan to go through even though they have obvious red flags on the application, then when the person shows up in bankruptcy court later, it is only then that the bank complains and pulls up the credit application.

I don't think that's a mistake.

I would be leery about applying for credit from Chase if the question isn't qualified as "Do you have a bankruptcy on your credit report?"

The one I saw asked "Have you ever filed for bankruptcy?" Which would include filings with no discharge and filings that are not on a credit report. It's still a public record and the bank could go look at PACER if it wanted to.

Re: Bankruptcy Blacklist - add what you know

isaemm76 — Sun, 02 Feb 2025 17:23:43 GMT

I'm 10 months out of filing and 6 months out of discharge. I still get this denial reason. They aren't liking me. I burned them for $3,500. I'm guessing maybe 12 months from discharge for me will be my magic number 🤷🏻‍♂️

Re: Bankruptcy Blacklist - add what you know

IsambardPrince — Sun, 02 Feb 2025 23:17:53 GMT

@isaemm76 wrote:
I'm 10 months out of filing and 6 months out of discharge. I still get this denial reason. They aren't liking me. I burned them for $3,500. I'm guessing maybe 12 months from discharge for me will be my magic number 🤷🏻‍♂️

Capital One's prescreener never affects your credit file (just a soft pull which doesn't matter) so you can use it every day if you want to and it wouldn't hurt your credit. Generally if the prescreener doesn't offer you anything, you won't get a card. And if you apply for a card and are in their internal blacklist, they won't even pull your credit because the blacklist comes first.

This isn't to be nice to you, it's because pulling credit files isn't free and they know they're going to deny you. They save themselves some money.

Eventually they'll probably give you a card, and probably at 12 months. It won't be their best, but once you're back in, if you show positive behavior they'll offer you normal cards with a SUB again in 2-3 more years assuming you haven't had any fresh negatives since the bankruptcy.

Re: Bankruptcy Blacklist - add what you know

CaneVariant — Sun, 02 Feb 2025 23:34:21 GMT

@isaemm76 wrote:
I'm 10 months out of filing and 6 months out of discharge. I still get this denial reason. They aren't liking me. I burned them for $3,500. I'm guessing maybe 12 months from discharge for me will be my magic number 🤷🏻‍♂️

C1 took me back at 13 months post filing. Got approved for a higher CL than I ever had with them. Also, got the sub, 0% for 15 months and the MID tier apr after. Btw they declined me at 12 on the pre approval

Re: Bankruptcy Blacklist - add what you know

sccredit — Mon, 03 Feb 2025 23:08:37 GMT

@IsambardPrince wrote:
@Horseshoez wrote:
@IsambardPrince wrote:
@JoeRockhead wrote:
I believe Chase has similar policies to Amex but perhaps not as long a memory as Amex if burned
BoA can be forgiving after a few years
Synchrony can be forgiving after a few years
Disco can be forgiving, YMMV as to when
Barclays is forever
Chase asks if you've ever filed bankruptcy. A yes is auto denial and a no means they check and if you have one on your credit report you get a hard pull and a denial, iirc.
I'm not sure of the vintage of that Chase claim, but in 2022 they never asked me if I'd filed, even though I burned them in my 2015 bankruptcy; I now have three of their cards totalling over $40,000 in credit limits.
I pulled up an online card application last year to confirm that the question was on there (but didn't submit an application) after someone did a screen recording on YouTube.

At the time, there was a reconsideration number. And what the person said to do was answer no then call reconsideration.

The reason I would NOT do such a thing, EVER, is because lying on an application for credit can lead to bad legal problems later, especially if you manage somehow to lose the bank enough money that they get a US Attorney on it. Which has happened.

A lot of banks have this habit of playing dumb and allowing the credit card or other loan to go through even though they have obvious red flags on the application, then when the person shows up in bankruptcy court later, it is only then that the bank complains and pulls up the credit application.

I don't think that's a mistake.

I would be leery about applying for credit from Chase if the question isn't qualified as "Do you have a bankruptcy on your credit report?"

The one I saw asked "Have you ever filed for bankruptcy?" Which would include filings with no discharge and filings that are not on a credit report. It's still a public record and the bank could go look at PACER if it wanted to.

I was curious so I went and checked. That question is not on the app now but I do remember it on the Chase app in the past.

Re: Bankruptcy Blacklist - add what you know

sccredit — Mon, 03 Feb 2025 23:09:57 GMT

Patience is going to be key. Took me 13 months to get back in. I burned them for about $30k. Current limits with them are $48,300 (Venture X) and $4,100 (Kohls)

Re: Bankruptcy Blacklist - add what you know

Zoostation1 — Tue, 04 Feb 2025 06:04:45 GMT

@IsambardPrince I can attest to Capital One getting more generous after showing some payment history with them. I didn't burn them (had an old $300 limit card that was closed and PIF years before my BK7), but will second that your first card with them as a rebuilder will have a lower limit and no sub (for me was a QS1, $39AF no sub $2k limit). This was my first C1 card since the BK and 2nd card overall after filing (now have 4 of 6 with C1). SL's (before rearraging limits with them) have gone $2k, $3l, $10k, $20k.

Re: Bankruptcy Blacklist - add what you know

onstar — Sun, 09 Feb 2025 09:45:16 GMT

BK7 in December 2017. Burned every major bank total >$100k.

I burned Amex. Back in after 6 years.

I burned BofA. Back in after 5 years.

I burned Cap One. Back in within 1 year.

I burned Chase. Chase says I can't get back in until BK7 falls off.

I burned Citi. Back in within 2 years, but only co-branded cards (Best Buy, Costco). Haven't tried their regular cards.

I burned Discover. Discover says I can't get back in because I burned them.

I burned Synchrony. Back in within 2 years.