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@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.
1. The fact that it's not in your reports helps your scores, but is otherwise meaningless to the lender who was burned. They all keep records.
2. It's truly impossible to know whether you are still on their blacklist or not, until you actually go ahead and apply.
3. If you're in a position to pay off any of them, it couldn't hurt, but I would establish phone contact with the bank to ascertain where and how to make payment to make sure it gets credited properly.
4. AFAIK all 3 of those lenders are of the more unforgiving type.
5. It seems that nobody's blacklist is perpetual. Most likely you would be allowed back in sooner or later, but it's impossible to know when.
If I were you, I would probably just not apply to those particular lenders unless I was willing to just burn one or more HP's (I say "or more" because Chase frequently double pulls). There are so many other lenders out there with all kinds of great offerings.
I would certainly not bother with Barclays, which I consider a weirdo bank.
@SouthJamaica wrote:
@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.
I would certainly not bother with Barclays, which I consider a weirdo bank.
@SouthJamaica I'm cracking up...
Chase is the one with $6800 something. Now that it's off the CR I can't even see how much it was charged off for exactly with cents. If I never pay it would I ever get back with Chase again after more time or not? Would Chase even accept the payment at this point if it's off the CR?
@IcyCool7227 wrote:Chase is the one with $6800 something. Now that it's off the CR I can't even see how much it was charged off for exactly with cents. If I never pay it would I ever get back with Chase again after more time or not? Would Chase even accept the payment at this point if it's off the CR?
I cannot speak to whether Chase will accept some type of payment or settlement, however, there is plenty of anecdotal evidence on this forum to suggest you can A) pay them back, and B) get back in with Chase after some amount of time has passed. Regarding the time, I have no hard evidence to suggest paying them back will get you in sooner, but my gut tells me paying them will shorten your time on the blacklist, possibly from years to months.
Chapter 13:
I categorically refuse to do AZEO!
@IcyCool7227 wrote:Chase is the one with $6800 something. Now that it's off the CR I can't even see how much it was charged off for exactly with cents. If I never pay it would I ever get back with Chase again after more time or not? Would Chase even accept the payment at this point if it's off the CR?
You'd have to find an old report to find out the exact amount in case you want to pay them back (and obviously if they'll even accept you paying them back well after it aging off) and also to make sure they aren't pulling one over on you.
If you never pay it/can no longer pay it, you'll likely be blacklisted for a long time (years, most likely). How long is anyone's guess.
Does anyone know if Cap One and Citibank are forgiving in this matter?
@drewricomakeubu wrote:Does anyone know if Cap One and Citibank are forgiving in this matter?
CapOne is very-VERY forgiving; Citi, don't even think about it.
Chapter 13:
I categorically refuse to do AZEO!
@Horseshoez wrote:
@drewricomakeubu wrote:Does anyone know if Cap One and Citibank are forgiving in this matter?
CapOne is very-VERY forgiving; Citi, don't even think about it.
Do you happen to know how long Citi's memory is or an estimation? They sold my debt to collection close to 7 years ago. If they have long memories, I wont worry about it but I'm just trying to test the waters.
@drewricomakeubu wrote:
@Horseshoez wrote:
@drewricomakeubu wrote:Does anyone know if Cap One and Citibank are forgiving in this matter?
CapOne is very-VERY forgiving; Citi, don't even think about it.
Do you happen to know how long Citi's memory is or an estimation? They sold my debt to collection close to 7 years ago. If they have long memories, I wont worry about it but I'm just trying to test the waters.
I'm 10 years out and am still blacklisted. At this point I have all of the cards I need so it is unlikely I'll ever reapply again.
One other thing I found out is, unlike for those on the AMEX blacklist where you don't even get a soft pull, CITI hits you with a hard pull and then denies you. No thanks.
Chapter 13:
I categorically refuse to do AZEO!
@Horseshoez wrote:
@drewricomakeubu wrote:
@Horseshoez wrote:
@drewricomakeubu wrote:Does anyone know if Cap One and Citibank are forgiving in this matter?
CapOne is very-VERY forgiving; Citi, don't even think about it.
Do you happen to know how long Citi's memory is or an estimation? They sold my debt to collection close to 7 years ago. If they have long memories, I wont worry about it but I'm just trying to test the waters.
I'm 10 years out and am still blacklisted. At this point I have all of the cards I need so it is unlikely I'll ever reapply again.
One other thing I found out is, unlike for those on the AMEX blacklist where you don't even get a soft pull, CITI hits you with a hard pull and then denies you. No thanks.
Interesting... thanks for the info. very helpful.