Nicely done, grats on paying them off and getting a new card!!
@Crowhelm wrote:
@wingennis wrote:
@Eldodroptop1 wrote:Not just far better credit. But I have NEGATIVE history with CITI. Like I said, it's a head scratcher, but I'll gladly accept!
Negative is relative. You had a hard time and couldn't meet your obligations. Instead of just defaulting and moving on you made an arrangement to make good on your debt. That sounds hugely positive to me and probably to Citi. Well done.
Totally agree. Good to see it does get rewarded.
Paying off an otherwise charged off balance, something you could have opted out of but decided to pay, should count as a major positive for any bank. Kudos on taking responsibility and paying it off! Congrats on the new card!
Grats on your custom cash approval. Interesting. I didn't know they let people back in so soon. I have way too many new cards and inquiries right now but I'll add it to my future acquisition list.
@Eldodroptop1 wrote:Rebuilding my credit (x-wife ruined me) was at 533 Fico 8 in December. Among my charge offs a CITI AA card was in there, worked out a payment plan with citi for 0% payments to pay off card. Paid off debt to Citi two months ago. along with every other charged off account.
On a whim I just applied for the CITI Custom Cash card. My Transunion Fico 8 is 682. Citi pulled the Transunion and gave me an instant approval for $3200. There were four hard pulls on my TU in the last four months.
Honestly, I'm shocked. I have read many stories how people with FAR better credit than me have difficulty with CITI.
I appreciate the second chance, but I am scratching my head..
There is more that go to credit approval than just the raw credit score. Some lender look at your debt to income ratio, some look for low balance on your current card. Someone credits score can be higher than someone else, the higher score may not get approve if the debt to income is not where it needs to be at.
That is fantastic! Clearly Citi values honoring your financial committment.
Out of curiosity, Did you pay the full amount you owed them or was it a settlement?
