topic Re: 2013 Blacklist Thread in Credit Cards

2013 Blacklist Thread

sjt — Fri, 09 Aug 2013 00:12:51 GMT

I am starting this thread in hopes that we can all share information and/or experiences so we can all get more insight on lender’s Blacklist Policy.

Many lenders are inconsistent in their policies so the more information we obtain the more likely we will gain better insight to lender’s blacklist policy and how learn how we can get of those lists.

Please share the following information:

Lender Name:
How did you find out you were blacklisted and the reason you were blacklisted:
If you applied for an account and denied for being on blacklist, did you request for recon:
What was the outcome:
Any other helpful information, i.e. how to get off their blacklist:

Re: 2013 Blacklist Thread

Anonymous — Fri, 09 Aug 2013 00:18:48 GMT

To get off the blacklist, paying back the debt in full will generally help. Not guaranteed however.

Re: 2013 Blacklist Thread

azguy13 — Fri, 09 Aug 2013 00:23:46 GMT

USAA used to have a policy stating if you settled on a debt then you are no longer a member. However, this year they reversed that policy.

Re: 2013 Blacklist Thread

sjt — Fri, 09 Aug 2013 00:25:34 GMT

@Anonymous wrote:
To get off the blacklist, paying back the debt in full will generally help. Not guaranteed however.

That not always the case and what happens when the sell the debt to a JDB and pay the JDB off in full?

Re: 2013 Blacklist Thread

sjt — Fri, 09 Aug 2013 00:26:22 GMT

@azguy13 wrote:
USAA used to have a policy stating if you settled on a debt then you are no longer a member. However, this year they reversed that policy.

What is their policy now?

Re: 2013 Blacklist Thread

azguy13 — Fri, 09 Aug 2013 00:31:54 GMT

@sjt wrote:
@azguy13 wrote:
USAA used to have a policy stating if you settled on a debt then you are no longer a member. However, this year they reversed that policy.
What is their policy now?

I settled with them in 2007. When i did that, they closed my account and I couldn't rejoin. I called them in March and they explained that since the policy is no longer to cancel membership after settling, they re-opened my membership.

Re: 2013 Blacklist Thread

sjt — Fri, 09 Aug 2013 00:42:43 GMT

@azguy13 wrote:
@sjt wrote:
@azguy13 wrote:
USAA used to have a policy stating if you settled on a debt then you are no longer a member. However, this year they reversed that policy.
What is their policy now?
I settled with them in 2007. When i did that, they closed my account and I couldn't rejoin. I called them in March and they explained that since the policy is no longer to cancel membership after settling, they re-opened my membership.

Good to here! Thanks for sharing.

Re: 2013 Blacklist Thread

Anonymous — Fri, 09 Aug 2013 01:24:40 GMT

@sjt wrote:
@Anonymous wrote:
To get off the blacklist, paying back the debt in full will generally help. Not guaranteed however.

That not always the case and what happens when the sell the debt to a JDB and pay the JDB off in full?

That's the reason why I said it will generally help, though not guaranteed.

If that bad debt has been sold to someone else, you are not even supposed to pay the original debtor because they no longer have claims to that money. Some people were able to get back in during manual review by pointing out that they paid the collection agency in full. It really depends. My guess is that it has to do with the dollar amount you burned them for as well. The more you burn them for, the less forgiving they're going to be.

What they really want is to analyze the risk of having you as a customer. If you defaulted, but eventually paid them back, you will seem to be a lot more responsible than people who accrued debt and simply walk away as if nothing has ever happened.

Re: 2013 Blacklist Thread

FinStar — Fri, 09 Aug 2013 04:09:01 GMT

@Anonymous wrote:
@sjt wrote:
@Anonymous wrote:
To get off the blacklist, paying back the debt in full will generally help. Not guaranteed however.

That not always the case and what happens when the sell the debt to a JDB and pay the JDB off in full?

That's the reason why I said it will generally help, though not guaranteed.
If that bad debt has been sold to someone else, you are not even supposed to pay the original debtor because they no longer have claims to that money. Some people were able to get back in during manual review by pointing out that they paid the collection agency in full. It really depends. My guess is that it has to do with the dollar amount you burned them for as well. The more you burn them for, the less forgiving they're going to be.

What they really want is to analyze the risk of having you as a customer. If you defaulted, but eventually paid them back, you will seem to be a lot more responsible than people who accrued debt and simply walk away as if nothing has ever happened.

Each lender's internal risk policies will vary and are evaluated/adjusted frequently and is not something that is set in stone for all applicants. There are lots of variables at play which of course gives the perception/outcome of inconsistency and every applicant's situation is reviewed on a case by case basis.

Re: 2013 Blacklist Thread

lithium78 — Fri, 09 Aug 2013 13:07:53 GMT

I burned Citi for a few hundred sixteen years ago and they have never forgiven me. Blacklisted. I had a paid charge-off with Chase back in 2003 and they haven't forgiven me for that one either. Blacklisted. Now life is peaches for me, but those two banks don't want to do business with me. Their loss.

Re: 2013 Blacklist Thread

phillyguy12 — Fri, 09 Aug 2013 13:09:05 GMT

apped last yr w/ chase (amazon visa) and citi( not sure which card), burn both in 06 , both were sold off to collections, that were eventually paid in full beteween 08-11 via pmt plan w/ cas- didn't know about pfd at the time and didn't have the cash to do pfd anyway, chase was for about 700 citi was 6k. figured they were pretty old so i at least had a shot but both apps didn't even result in a hp, they sent letter saying due to past negative histroy with us we were unable to extend credit at this time- didn't call for recon as they were still showing on CR so i figured not even worth it. Both fell off CR this yr. im happy w/ my current lineup so i am not planning any apps anytime soon

Re: 2013 Blacklist Thread

Anonymous — Fri, 09 Aug 2013 14:46:36 GMT

Does anyone have any experience with discover cards

Re: 2013 Blacklist Thread

silverzgirl — Fri, 09 Aug 2013 14:53:40 GMT

I hear Amex holds a grudge but I burned them waaay back in college. They denied me but did not list negative history (I paid it off.) Got an Amex as a corporate/military travel card and never had issues. They know the company will pay claims.

Citi holds grudges, even with corporate. We settled a few years back on a personal account, so negative history was more recent. Apparently when my company merged, we took their corporate card instead of ours. We had Amex. New company uses Citi. I had a couple of trips coming up so I applied. They rejected my corporate application but told me I could get approved if I get an EVP or higher to cosign. That just was not ever gonna happen.

Re: 2013 Blacklist Thread

blondy250 — Fri, 09 Aug 2013 15:08:36 GMT

If you burned Citi or Chase, why shouldn't they blacklist you. You didn't pay what you owed, for whatever reason. You represent a risk there not willing to take a chance on, totally understandable.

Re: 2013 Blacklist Thread

phillyguy12 — Fri, 09 Aug 2013 17:25:16 GMT

@Anonymous wrote:
Does anyone have any experience with discover cards

i got very behind with in the past was on verge of CO, they worked w/ me closed the account dropped int rate, and let me pay off direct to them. a few months after i PIF i applied and they approved no problem, just sig. lower cl which is understandable as i was still early in rebuild.

Re: 2013 Blacklist Thread

sjt — Fri, 09 Aug 2013 17:43:57 GMT

@blondy250 wrote:
If you burned Citi or Chase, why shouldn't they blacklist you. You didn't pay what you owed, for whatever reason. You represent a risk there not willing to take a chance on, totally understandable.

I agree with you.

One of the reasons I started this thread is to get a better understanding of lender's blacklist policy. It seems some people are let back in and some not regardless if they PIF their debt. Amex is the only lender that has a consistent policy, even though a few fall through the cracks.

I think if you pay a lender off in full you should be taken off the blacklist and have the ability to apply for credit without being automatically denied.

Re: 2013 Blacklist Thread

phillyguy12 — Fri, 09 Aug 2013 17:50:00 GMT

@blondy250 wrote:
If you burned Citi or Chase, why shouldn't they blacklist you. You didn't pay what you owed, for whatever reason. You represent a risk there not willing to take a chance on, totally understandable.

yes and no people fall behind and dont pay some do it willingly other have limited options due to circumstance beyond their control ie unexpected medical costs or job loss and some just flat out use credit to live beyond their means. if you burn a comany once that shouldn't be automatic lifetime denial- how could one rebuild credit if this were the case, this is the reason why negative infomation does not stay on your CR indefinitely. some people like myself learn the hardway credit is a tool and needs to used wisely not as way to live beyond your means. yes i didn't pay what was owed directly to them but they sold the debt off so they got something, and i eventaully did fulfill my obligation and paid the debt off in full. if all companies black listed, people would be forced to deal w/ the likes of 1st permier forever and we would really be in trouble then......

Re: 2013 Blacklist Thread

Shogun — Fri, 09 Aug 2013 17:53:26 GMT

I've had COs in the past from just about all of them.

BOA

Chase

Citi

Discover

Commenity

I paid them all off, every dime, and now I have new accounts with every one of them.

Re: 2013 Blacklist Thread

sjt — Fri, 09 Aug 2013 22:11:28 GMT

@silverzgirl wrote:
I hear Amex holds a grudge but I burned them waaay back in college. They denied me but did not list negative history (I paid it off.) Got an Amex as a corporate/military travel card and never had issues. They know the company will pay claims.

Citi holds grudges, even with corporate. We settled a few years back on a personal account, so negative history was more recent. Apparently when my company merged, we took their corporate card instead of ours. We had Amex. New company uses Citi. I had a couple of trips coming up so I applied. They rejected my corporate application but told me I could get approved if I get an EVP or higher to cosign. That just was not ever gonna happen.

Amex will forgive when you pay them off. Citibank seems to be inconsistent.

Re: 2013 Blacklist Thread

sjt — Fri, 09 Aug 2013 22:20:51 GMT

@Shogun wrote:
I've had COs in the past from just about all of them.

BOA
Chase
Citi
Discover
Commenity
GE

I paid them all off, every dime, and now I have new accounts with every one of them.

Did you pay them off directly or through outside collections and when you got back in with them what where your scores?