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Although "YMMV" always applies, I always thought it would be helpful to know Capital One's 'shtick' when it comes to blacklists and denials out of CH7.
We know that people are getting blacklisted for years. Some get back in mere weeks after CH7. Now we, as credit conscious individuals, know there's always extinuating circumstances in the world of Capital One that merits approvals and denials. However, there's no possible way Capital One could play 'favorites' (unless your Samuel L Jackson). So don't think a denial is the "end all be all" in your credit journey, or that someone's on a witch hunt.
Anyway, factors in one's credit file will always be the final denominator in determining eligibility.
What's always confuses many (present company included) is the "1 year after chargeoff'. For example, in a case like mine, I charged off $2200 with Capital One on 3/2014. I filed Ch7 on 2/2016. So I would pass the 1 year chargeoff test according to common knowledge and some discussions with Sr. Analysts about this.
I hit apply on the Venture button just to pull some helpful rules for y'all. These rules are 'usually' enforced here in the United States, but when you get 'Peggied' by one rep and end up in some call center off shore, seems that some rules don't necessarily apply. Just know it's in their TOS.
Under most credit applications on Cap1's site, it states:
"You may be ineligible to apply if: (i left out the obvious income and age requirements):"
IF such a thing as a Capital One blacklist exists, consider this:
As a subprime lender, Capital One is probably the undisputed champ in forgiving consumer financial woes and extending credit to those in rebuild. Credit card champ, that is - we all know CreditOne may be easy, too, but I hardly call them 'subprime'.
To the newcomer:
Numerous individuals on these forums have contributed a wealth of information on Capital One. Before spending your precious hard pulls, consider this:
To those following the How To: BK to 700 guide, know it works if you let it work for you, and is another means to get in the door of Capital One.
This guide/informational post is not perfect, and I would appreciate others helping me add more to this. The more we nail down some type of guide regarding Capital One and Ch7/13, the better we'll get at knowing when to pull the trigger.
Great post! I think we should add a bolded point that being pre-qualified is not a must in order to be approved A lot of people check pre-qual over and over yet they wont apply without the pre-qual.
@Scupra, should I put something in there so newcomers can look through Credit Pulls database to gauge C1 approvals close to their scores?
@daveg38 wrote:@Scupra, should I put something in there so newcomers can look through Credit Pulls database to gauge C1 approvals close to their scores?
You could do that! Just dont link to the site I just think a lot of people slow their rebuild down by not cold apping. We get so caught up in, "did you have or check the pre qual?"
This just motivated me to email a request for a reconsideration. I burned Cap One for two cards in my BK7 but had to include them of course. I was never late, never missed a payment. My BK7 was discharged on 3/7/16 and it appears I am blacklisted. I check the prequalify and of course no offers. I applied and recieved the 7-10 day message. I will see what response I get from the email request.
Hi, just curious, did you request a recon or receive a final decision on your request for credit?
Per my attorney, I had to include Cap 1 in my BK filing, but had never missed a payment or exceeded my limit. As a result the account has been closed by the credit grantor and is listed as such on my credit report. I have submitted a request to have it listed as IIB,