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@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.
@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.
@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.
Chapter 13:
I categorically refuse to do AZEO!
@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'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 🤷🏻♂️
@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.
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
@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 🤷🏻♂️
@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.
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)
@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.