topic Re: AAdvantage Declined - Input needed in Credit Cards

AAdvantage Declined - Input needed

Anonymous — Tue, 20 Aug 2013 01:26:26 GMT

Hi All,

I app'ed for AAdvantage MC and through this forum I called the "back door" number just to find out

that it was declined because a BK record - Discharged in June 2008.

My wife had a Citi card that was included in the BK so I am pretty sure that affects me as well.

So, this is where I stand as far as credit is concerned as of today.

- Not a single missed payment on anything since the BK.

- Got approved for Dell computers for $3000 with a FICO score of 750 about two months ago.

- Cards: Capital One Platinum MC - CL $2750

Capital One VISA - CL $ 300

BMW Card - CL $1000

Cars: 2 BMWs and with no money down! (bought at the same time!) - No problem there - ($125000)

Steady employment and household income close to $200K and still got declined.

What do you guys think of my chances? - a BK with Citi is the end of the story? Anything in particular I should be aware of when calling?

- any input will be greatly appreciated.

Getting this card would be really good since I fly American 90% of the time and have racked up 250K miles travelled in 9 years.

Thanks

Re: AAdvantage Declined - Input needed

Anonymous — Tue, 20 Aug 2013 01:33:25 GMT

I guess that BK 5 years ago is still too "fresh" for them.

Maybe you'll have to wait until July 2015 when it finally falls off your credit reports :/

@Anonymous wrote:
Hi All,

I app'ed for AAdvantage MC and through this forum I called the "back door" number just to find out
that it was declined because a BK record - Discharged in June 2008.

My wife had a Citi card that was included in the BK so I am pretty sure that affects me as well.

So, this is where I stand as far as credit is concerned as of today.

- Not a single missed payment on anything since the BK.
- Got approved for Dell computers for $3000 with a FICO score of 750 about two months ago.
- Cards: Capital One Platinum MC - CL $2750
Capital One VISA - CL $ 300
BMW Card - CL $1000

Cars: 2 BMWs and with no money down! (bought at the same time!) - No problem there - ($125000)
Steady employment and household income close to $200K and still got declined.

What do you guys think of my chances? - a BK with Citi is the end of the story? Anything in particular I should be aware of when calling?
- any input will be greatly appreciated.

Getting this card would be really good since I fly American 90% of the time and have racked up 250K miles travelled in 9 years.

Thanks

Re: AAdvantage Declined - Input needed

CreditScholar — Tue, 20 Aug 2013 01:35:38 GMT

If you burned Citi in BK, then you might be blacklisted. Also car loans are secured debt, as opposed to CCs which are unsecured. Therefore car loans are often easier to get, since they can simply repossess them in case of default.

Re: AAdvantage Declined - Input needed

Anonymous — Tue, 20 Aug 2013 01:49:45 GMT

I thought that the BK would stay on record for 10 years... and that would be 2018, or not?

Re: AAdvantage Declined - Input needed

Anonymous — Tue, 20 Aug 2013 01:52:48 GMT

Thanks CreditScholar...

yeah.. I am aware of the secure loans and all... but my fear has been what you just mentioned: to be on a blacklist and

have no shot at it again...

Re: AAdvantage Declined - Input needed

CreditScholar — Tue, 20 Aug 2013 01:53:05 GMT

@Anonymous wrote:

I thought that the BK would stay on record for 10 years... and that would be 2018, or not?

BK stays on your credit reports for 10 years, but lenders have their own internal records and will know if you've burned them specifically in the past.

For example in 2019, Citi will still be able to tell that you've burned them in BK. However another lender (say Amex who you didn't burn in BK) won't be able to tell, since they don't have internal records on you and can only go by what's on your credit reports.

Burning a lender doesn't always result in blacklisting, although it often does. Sometimes you can be removed from the blacklist if you paid back what you owed, but it's another case of YMMV.

Re: AAdvantage Declined - Input needed

Anonymous — Tue, 20 Aug 2013 03:18:49 GMT

@CreditScholar wrote:
@Anonymous wrote:

I thought that the BK would stay on record for 10 years... and that would be 2018, or not?
BK stays on your credit reports for 10 years, but lenders have their own internal records and will know if you've burned them specifically in the past.

For example in 2019, Citi will still be able to tell that you've burned them in BK. However another lender (say Amex who you didn't burn in BK) won't be able to tell, since they don't have internal records on you and can only go by what's on your credit reports.

Burning a lender doesn't always result in blacklisting, although it often does. Sometimes you can be removed from the blacklist if you paid back what you owed, but it's another case of YMMV.

I thought there was a category of bankruptcies that fell off in 7 years...?

Re: AAdvantage Declined - Input needed

09Lexie — Tue, 20 Aug 2013 03:32:46 GMT

Ch 13 stays on your record for 7 years if its discharged. 10 years if its dismissed.

Re: AAdvantage Declined - Input needed

Andy77 — Tue, 20 Aug 2013 03:33:36 GMT

Go with a Citi Secured card and put down at least 2k on that (thats the min credit line for an AA Product)

When it unsecures do a PC to the AA product you want.

This is what I am doing

Re: AAdvantage Declined - Input needed

djc1puno — Tue, 20 Aug 2013 03:42:24 GMT

Even if its discharged citi has their own blacklist that last longer than on credit report...were you an au on your wifes citi? Or co applicant?

Re: AAdvantage Declined - Input needed

Anonymous — Tue, 20 Aug 2013 03:50:28 GMT

Thanks Andy.
Sounds like a good plan. Where do I
look into that... and what's "do a PC"?

Re: AAdvantage Declined - Input needed

Anonymous — Tue, 20 Aug 2013 03:54:13 GMT

My wife had the Citi acc before we got married.
Never been on her acc whatsoever, however,
we were both in the same BK file.
Some hers, some mine and some joint.

Re: AAdvantage Declined - Input needed

djc1puno — Tue, 20 Aug 2013 04:07:07 GMT

Ah ok...at least theres an alternative to getting back on citi so not all is lost from your bk

Re: AAdvantage Declined - Input needed

Anonymous — Tue, 20 Aug 2013 06:44:56 GMT

If your blacklisted by Citibank, I'm not sure you can even get their secured card. I would do some searches on forum on Citibank and blacklist.

Re: AAdvantage Declined - Input needed

Anonymous — Tue, 20 Aug 2013 10:01:04 GMT

If you are blacklisted, they will not allow you to obtain any unsecured credit from them. Even trying to get a LOC can be extremely hard with a citigold relationship, though its going to be a YMMV thing.

The easiest way to get off the blacklist is to pay back the bad debt. Like creditscholar said, its a YMMV thing. Some people paid it back and still remain on the blacklist. Another thing to consider is the amount you burned them for. If you have to pay back several tens of thousands or more for just a credit card, I honestly doubt its worth it.

Re: AAdvantage Declined - Input needed

Andy77 — Tue, 20 Aug 2013 16:49:07 GMT

I don't think you are blacklisted as I included two accounts with them in my BK ch 7 4 yrs ago (a credit card and checking plus) and they approved me for a secured card.

The bk denial on one of their regular cards is normal until the 8 yr mark....people on this board say that got approaved for many of their cards at the 8 yr mark with the bk still on their record.

I say go to bank, get secured card application, fill out, give them at lease 2k, use the card wisely for 18 months, it will unseucre and then try and do a product change. Even if they can't PC you, you are building history with them

Re: AAdvantage Declined - Input needed

silverzgirl — Tue, 20 Aug 2013 17:28:46 GMT

I think it is YMMV with Citi. I settled with them, and their stipulation is that I can never have another Citi card again. And they even denied me a corporate account, which is paid by the company.

So yes, they do blacklist. However, how long and how often may vary.

Re: AAdvantage Declined - Input needed

Anonymous — Tue, 20 Aug 2013 19:45:43 GMT

ti cards with a 9 year old BK but I did not burn Citi in the BK. Just got approved last week for AMEX BCE and Delta Skymiles and did burn AMEX so it gets better over time

Re: AAdvantage Declined - Input needed

Anonymous — Tue, 20 Aug 2013 19:50:46 GMT

Ok... called Citi this morning. Talked to a nice lady who verified my application with SS and ID verification and told me that they were happy to review it

but I had to wait until I got the letter in the mail and then call back. - Dont know if this is the norm but for now

all I can do is wait and try again once I get letter.

On a different note, I was thinking of applying for United Airlines - Chase - since their offer most non-stop around the world fron where I live now.

Do you think I should wait to resolve with AA Citi first, even though it could be a long shot, or go ahead and apply for a Chase United before

the IQ appears in my report?

We never had any Chase CC acc and so it was never IIB.

Thank you guys for all the great insight.

Re: AAdvantage Declined - Input needed

Anonymous — Tue, 20 Aug 2013 22:00:44 GMT

the inquiry has already reported onto your CR. It is usually instantaneous. You could just apply for the card now if you want. Won't really make a difference to be honest.