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Chase success after burning?

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Established Contributor

Chase success after burning?

I burned Chase for about $1,000 on a basic credit card back in 2016.

 

How long am I black-listed? Forever?

Message 1 of 23
22 REPLIES 22
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Moderator Emeritus

Re: Chase success after burning?

They have a pretty good memory, especially if the "burn" was recent.  Sometime they can forgive but often times not.  Was it ever paid?

Message 2 of 23
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Established Contributor

Re: Chase success after burning?

Never paid, Chapter 7 BK, discharged December 2016

Message 3 of 23
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Super Contributor

Re: Chase success after burning?

At a minimum, you’re not getting back in until your BK ages off. 




Message 4 of 23
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Moderator Emeritus

Re: Chase success after burning?

Yup, don't waste an inquiry OP.  The application will be auto-declined for the presence of BK.  2026 would be the soonest you can entertain any Chase apps unless their [UW] BK policy changes in the next several years.

Message 5 of 23
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Community Leader
Super Contributor

Re: Chase success after burning?


@FinStar wrote:

Yup, don't waste an inquiry OP.  The application will be auto-declined for the presence of BK.  2026 would be the soonest you can entertain any Chase apps unless their [UW] BK policy changes in the next several years.


It's 10 years for a bankruptcy blacklist, 1 year before you can apply for auto.







Message 6 of 23
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Valued Contributor

Re: Chase success after burning?

Chase does have a very long memory. No Bankruptcy, I had a CO from a Chase predecessor from  the 1990's. Three years ago when I thought my credit was fixed I tried for a Chase CC. I was turned down. I called CS and was told I had a CO. I asked to be sent the info and I would pay it. I never received anything from Chase. Fast forward two years later and I tried and I was in!

Message 7 of 23
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Established Contributor

Re: Chase success after burning?

Bank One before they were Chase....?

Message 8 of 23
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Established Contributor

Re: Chase success after burning?


@FinStar wrote:

Yup, don't waste an inquiry OP.  The application will be auto-declined for the presence of BK.  2026 would be the soonest you can entertain any Chase apps unless their [UW] BK policy changes in the next several years.


Wow very tight-lipped credit card lending company I guess.

They do have some very rewarding cards, so I would like to get in with them someday. I guess in 7+ years.

 

Better off not paying them off and just waiting though, right?

Message 9 of 23
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Community Leader
Super Contributor

Re: Chase success after burning?


@Hockeypnc1 wrote:

@FinStar wrote:

Yup, don't waste an inquiry OP.  The application will be auto-declined for the presence of BK.  2026 would be the soonest you can entertain any Chase apps unless their [UW] BK policy changes in the next several years.


Wow very tight-lipped credit card lending company I guess.

They do have some very rewarding cards, so I would like to get in with them someday. I guess in 7+ years.

 

Better off not paying them off and just waiting though, right?


It's always best to pay banks like Chase and Amex off regardless. Even if you get in later, they will always hold that charge off over your head. Any time you want to recon or request a CLI, it'll get brought up, even 20 years later. Not kidding, it's been posted here.







Message 10 of 23
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