topic Re: CITI is like an elephant (They never forget) in Credit Cards

CITI is like an elephant (They never forget)

12njoy — Sun, 20 Oct 2013 02:54:32 GMT

I had a BK in 1993 in which CITI was included (3 cards/total approximately $4,200) charged off due to BK. I called CITI one day to see what the totals were because I considered repaying. if I could. The representative wanted payment then and there, as if the accounts were currently due. Since the accounts were included in my 1993 BK, they are ancient history, to me anyway. Not to CITI. I decided to see if I'm on that magical listing with CITI and apply. Not sure what CRA they use, but I believe it's Experian which has a security freeze. I received the following message:

Step 3: Approval Status Application Received

Thank you for applying for the Citi ThankYou® Card.
We sincerely appreciate your interest and after carefully considering your application we are unable to approve your request. You will receive written notification with the reasons for the decision. If you have further questions once you receive the letter, please call us at the number listed.

I checked Experian and Equifax, no pulls from CITI. Will check TU tomorrow when I can pull another report, but I doubt any CRA was pulled. I would safely assume that there is such a list and I have made it. Not that I'm proud of that. I acknowledge my past mistakes and have finally learned from them. I'm sure the letter will say something to the effect of my past accounts since the above didn't say "Pending further review". Obviously, CITI is well within their rights to extend, or in my case, not to extend credit again.

Re: CITI is like an elephant (They never forget)

FinStar — Sun, 20 Oct 2013 03:00:59 GMT

Yes, that appears to be the case. Citi, Chase, NFCU, BOA and definitely AMEX do have long memories. However, there are instances in which some folks eventually are able to restablish a relationship with their past "burned" lender, but for other folks (even after 10+ some years) is still a no-go.

Re: CITI is like an elephant (They never forget)

09Lexie — Sun, 20 Oct 2013 03:02:16 GMT

AFAIK, if they were IIB they could not accept pyt. Others can correct me -bk is not my specialty.

Re: CITI is like an elephant (They never forget)

Pat94108 — Sun, 20 Oct 2013 03:05:44 GMT

20 years is a long time. You would think they would have forgotten by now. Everyone makes mistakes. Have you ever talked to them OP or recon?

Re: CITI is like an elephant (They never forget)

12njoy — Sun, 20 Oct 2013 03:09:09 GMT

@09Lexie and Fin,

I don't believe they could take the payment legally, but representative was prepared to take it. I just called CITI and they said my application is pending due to freeze. I won't be pursuing because I'm in the garden, so to speak. On a side note, Chase was included in that 1993 BK. They let me back in in March 2013 with the Chase Freedom after recon for $500. I kept it for 6 months PIF then closed it in July. Just applied and was instantly approved for Chase Slate a few days ago $2,500.

Re: CITI is like an elephant (They never forget)

12njoy — Sun, 20 Oct 2013 03:11:33 GMT

Based on the call to CITI, maybe I'm not on the list afterall. I won't proceed because I don't think my stats are sufficient for the card.

Re: CITI is like an elephant (They never forget)

09Lexie — Sun, 20 Oct 2013 03:13:16 GMT

Any reason why you only kept Freedom open for 4 months?

Re: CITI is like an elephant (They never forget)

12njoy — Sun, 20 Oct 2013 03:14:00 GMT

@Pat,

I'm going for a 3x CLI with Amex on 10/28/13 on my BCP. Depending upon what happens there, I might unfreeze and attempt a recon (doubtful, but possible).

Re: CITI is like an elephant (They never forget)

09Lexie — Sun, 20 Oct 2013 03:15:51 GMT

If you are waiting on a CLI with Amex, I wouldn't be applying for a new card. Inq's/accts just lower your CS.

Re: CITI is like an elephant (They never forget)

12njoy — Sun, 20 Oct 2013 03:18:04 GMT

@09Lexie,

Only stupidity on my part. I asked for a CLI and they said they had to do a HP and I said no thank you and closed card. I couldn't really do much with $500 CL based on how I use my cards. I basically pay all my bills with my cards and then when I am paid, I pif all credit cards. I only use 30% or less of available credit and pif before statement cuts so the $500 really wasn't working for me. At that time, I didn't have the Discover or Amex cards.

Re: CITI is like an elephant (They never forget)

12njoy — Sun, 20 Oct 2013 03:21:11 GMT

@Lexie,

I agree. The two new cards that I recently got pulled EQ. Neither pulled EX so I'm safe there. This is why I will not recon, if I choose to do so, until after my 3x CLI request with Amex on 10/28/13. The letter from CITI won't be here for a few days, so I'll have time. I seriously doubt that I will consent to a HP though.

Re: CITI is like an elephant (They never forget)

09Lexie — Sun, 20 Oct 2013 03:23:49 GMT

Chase HP's 99.99% of the time for CLI's. Too bad it's closed because at least it was 0% for 15 mos and no AF.

Hopefully, Chase will not report before you do your request.

Re: CITI is like an elephant (They never forget)

12njoy — Sun, 20 Oct 2013 03:26:24 GMT

@Lexie,

Question for you. No offense intended (I respect your advice). How do the community leaders/monitors keep up with all the forums? It seems like so many forums are going on at once. I would lose my mind trying to keep up with it all.

Re: CITI is like an elephant (They never forget)

09Lexie — Sun, 20 Oct 2013 03:29:53 GMT

No offense taken! Lots of reading, open tabs and Starbucks.

You guys keep us busy but we help each other out.

Re: CITI is like an elephant (They never forget)

12njoy — Sun, 20 Oct 2013 03:30:46 GMT

@Lexie,

I called Chase and my statement closes on November 11th so I assume that it won't be reported before the 10/28/13. However, even if it is, I'm not too worried about Chase because of the low limit. It's Discover that I'm worried about because I have a $6,500 limit on that one. I read on the Boards that it takes Discover 1-2 months to report. Don't know how accurate that is but I hope it is.

Re: CITI is like an elephant (They never forget)

FinStar — Sun, 20 Oct 2013 03:31:38 GMT

From just pure observation, Lexie has super fabulous multi-tasking powers ... plus, she's like an eagle in the sky.

Re: CITI is like an elephant (They never forget)

09Lexie — Sun, 20 Oct 2013 03:33:52 GMT

@FinStar

Thanks! I like the eagle reference.

Re: CITI is like an elephant (They never forget)

12njoy — Sun, 20 Oct 2013 03:34:21 GMT

@Lexie,

I've seen others in different forums, but I've come across you more than any other. I know when you chime in, we're going to get an unbiased review.

Re: CITI is like an elephant (They never forget)

09Lexie — Sun, 20 Oct 2013 03:35:08 GMT

Discover can take up to 2 statements to report. It took them that long for me but my DHs reported a week after he got his card.

Re: CITI is like an elephant (They never forget)

12njoy — Sun, 20 Oct 2013 03:35:53 GMT

+1 FinStar