topic Re: If I pay, Will I be able to get a card? in Credit Cards

If I pay, Will I be able to get a card?

gloverkevin — Tue, 27 Jun 2023 00:24:43 GMT

Hi,

I used to have an account with Capital One back in 2018/2019. It was a secured platinum that got charged-off. The account is not being reported on my credit reports at all, but when I go to pre-approve I get "prior account is not consistent with our expectations" If I pay the past due charge-off will I be able to apply and get a capital one card again?

Re: If I pay, Will I be able to get a card?

Jeffster1 — Tue, 27 Jun 2023 02:12:22 GMT

@gloverkevin wrote:
Hi,
I used to have an account with Capital One back in 2018/2019. It was a secured platinum that got charged-off. The account is not being reported on my credit reports at all, but when I go to pre-approve I get "prior account is not consistent with our expectations" If I pay the past due charge-off will I be able to apply and get a capital one card again?

Maybe I'm missing something, but how does a secured card get charged off? I thought they would just use the amount you have on deposit to secure the card in order to satisfy the debt.

Re: If I pay, Will I be able to get a card?

Brian_Earl_Spilner — Tue, 27 Jun 2023 02:11:48 GMT

@Jeffster1 wrote:
@gloverkevin wrote:
Hi,
I used to have an account with Capital One back in 2018/2019. It was a secured platinum that got charged-off. The account is not being reported on my credit reports at all, but when I go to pre-approve I get "prior account is not consistent with our expectations" If I pay the past due charge-off will I be able to apply and get a capital one card again?
Maybe I'm missing something, but how does a secured card get charged off? I thought they would just take the amount you have on deposit to secure the card.

Because of things like late fees that aren't covered by the deposit.

Re: If I pay, Will I be able to get a card?

gloverkevin — Tue, 27 Jun 2023 17:57:28 GMT

Exactly. It is possible to spend more than deposit on card. The card I had with them was $200, I spend like $250 if got charged and also fees. They don't give back $200 and collect, they keep $200 because $200 was charged + $50, someone is getting paid.

Should I pay the card off or not worry about it?

Re: If I pay, Will I be able to get a card?

NoMoreE46 — Tue, 27 Jun 2023 18:12:41 GMT

How much do you owe from this secured card?

Re: If I pay, Will I be able to get a card?

FireMedic1 — Tue, 27 Jun 2023 18:22:52 GMT

This came up in another sub- forum. Im wondering if their lax approvals is getting tighter now. If i see it. I'll link it. Your not the only one this week.

Re: If I pay, Will I be able to get a card?

AndySoCal — Tue, 27 Jun 2023 18:47:52 GMT

@gloverkevin I would pay the card off. There is the possibilty it is on Chex Systems. See link below

https://www.capitalone.com/learn-grow/money-management/chexsystems/

Re: If I pay, Will I be able to get a card?

gloverkevin — Tue, 27 Jun 2023 20:17:17 GMT

Thank you,

my Chex systems report came yesterday I'll check it. Should I call support and pay it. What if they transfer me to collections? I always try to get proof of payment arrangements. I want to pay to get a new capital one card to start building a relationship with them.

Re: If I pay, Will I be able to get a card?

SouthJamaica — Tue, 27 Jun 2023 20:50:52 GMT

@gloverkevin wrote:
Hi,
I used to have an account with Capital One back in 2018/2019. It was a secured platinum that got charged-off. The account is not being reported on my credit reports at all, but when I go to pre-approve I get "prior account is not consistent with our expectations" If I pay the past due charge-off will I be able to apply and get a capital one card again?

I think you should call them up and pay it off.

I don't know if it will put you in their good graces or not, but in the long run it's still a good move in my opinion.

Re: If I pay, Will I be able to get a card?

gloverkevin — Tue, 27 Jun 2023 22:19:53 GMT

Thank you 🙏

Re: If I pay, Will I be able to get a card?

laurenjessica — Tue, 27 Jun 2023 23:02:08 GMT

@gloverkevin wrote:
Hi,
I used to have an account with Capital One back in 2018/2019. It was a secured platinum that got charged-off. The account is not being reported on my credit reports at all, but when I go to pre-approve I get "prior account is not consistent with our expectations" If I pay the past due charge-off will I be able to apply and get a capital one card again?

YMMV of course, but I was able to get back in with Capital One when I paid off my charge-off with them. If you want back in, I would say to call them and pay it, especially if you don't owe that much.

Re: If I pay, Will I be able to get a card?

AndySoCal — Wed, 28 Jun 2023 00:34:32 GMT

@gloverkevin With the status of the account most likely you will be transferred to the collection department. (my guess) If you live near a Capital One Bank branch you may be able to pay it there as well. (call and ask) Be prepared to pay with debit card or account number and routing number. I doubt if they will take a credit card.

Re: If I pay, Will I be able to get a card?

gloverkevin — Wed, 28 Jun 2023 00:57:08 GMT

Okay thank you. I don't have a lot of experience with calling collections. Should I have them send me a payment arrangement verification via email? I really would like to start building a relationship with Capital One, this is what's holding me back probably.

Re: If I pay, Will I be able to get a card?

gloverkevin — Wed, 28 Jun 2023 00:58:55 GMT

Okay thank you! Also what credit score is needed for that PayPal Credit and Kohls card you have? My current scores are in my sig. They should go up more soon once my utilization on my US Bank cards reflect on my reports.