@IcyCool7227 wrote:I'm confused about something. I have had 3 deragatory credit card fallouts. For example, Chase Amazon was written off as a charge off but no collection. The other issuers are Barclays and US Bank. When I had applied for a Chase card they wouldn't approve me because of the deragatory relationship with their bank. Chase has now fallen off my credit report a few months ago so if my score improves and apply again, because it's not on my report any longer, would I get another chance of approval? Or do they consider that forever permanent? Over the last several years I have been doing much better with credit cards so I have that going for me.
All of those issuers and especially Chase maintain internal Blacklist of prior bad accounts. While dropping off your reports certainly help with your scores and other issuers. It will have little to do with the internal BL. Only time and sometimes lots of that will help. In my case it took me 19 years to get off of AmEx internal BL for example.
You may get another shot with Chase, but if you do, it likely wouldn't be for a while. It's always a case by case basis, but in general, they tend to take a long time to forgive. And note that just because the derog is off your reports, it doesn't mean it's off the lender's internal records. Did you ever pay Chase back? If you had/do, that could help to an extent in getting back in sooner.
@FinStar wrote:Chase can be 50/50, but it depends on the loss, the type of loss, how long it's been, and/or if settled or paid. There have been some reports that some folks have been able to get approved upon reconsideration, but results will generally vary.
Agreed, I was fortunate to be among the "forgiven"; last month, just shy of 8 years after I filed my Chapter 13 (which burned Chase for something north of $10,000), they approved me for a new card. Based upon numerous reports here I've been prepared to never get back in with them again; that said, AMEX hasn't been so forgiving.
@IcyCool7227 wrote:Thanks well I will ask each of them when the time is right. It might help to pay back Chase and US Bank but that takes some savings discipline and when all important stuff like living necessities that needs to be paid for first comes first.
it does seem that the Choice Priv. card is still there as of seeing it on the Choice hotels website but I think the Priceline cc is better. For the record I am in good standing with Amazon Prime by Synchrony Bank, Kohls Charge by Capital One, Tomo, and finally Capital One Savor One. I also paid off my balance with the PayPal Mastercard by Synchrony in a timely manner when it was closed for an error of a returned payment that really wasn't my fault - they didn't support the Porte bank account it came out of. I've also had their Care Credit card but didn't use it so they closed it and the Fan Cash Rewards card which was closed due to my score slipping a bit but every bill was paid timely there. I have had zero late payments since I started rebuilding my credit back in 2018. I'm at 614 with Experian, 741 with TransUnion and 724 with Equifax vantage scores. The score should be going up soon as I just got the Savor One card and a CLI with the Kohls Charge card.
Neither of them will be able to tell you when the time is right. They'll probably just say to "keep trying." It's all algorithm-based.
Honestly if you don't have the extra funds to pay, I wouldn't worry about it. I understand you'd like to get back in, and while paying them back (if they'd even allow you to, which @Remedios already alluded to they wouldn't) could've possibly helped, it still wouldn't have guaranteed anything.