2010 Blacklist Thread

[chasmith]

Capital One - declined due to previous record with them, but no hard pull.  I discharged both a credit card balance and a large LOC balance with them.

Orchard Bank - after soft pull offered a card, declined due to BK with HSBC (Best Buy). 

Citibank - secured credit card refused and deposit returned.  I discharged Sears, a crerdit card and a LOC.  They closed my Exxon/Mobil wich had zero balance and wasn't included in the filing within 12 hours of filing.

[Anonymous]

can someone point me in the direction of educating myself on what blacklist is, I’m clueless

...just interested as this thread seems to be a hot one :-)

[haulingthescoreup]

It basically means that if you've ever burned a lender (included in bankruptcy; charged off a CC; foreclosed on a property), don't bother to apply again with them in the future. They might have given up on trying to get repayment from you, but they're never going to risk doing business with you again.

(Not you, specifically, of course! )

edit to clarify, after O6's very good point, made below: When I said that "They might have given up on trying to get repayment from you," I didn't mean that all burned lenders give up on getting repayment, because some of them will haunt you to your grave. What I was trying to say is that even if you are convinced that they've given up on you as a hopeless cause, under the principle of you can't get blood from a turnip, don't expect them to welcome you back with open arms. Because in the case of lenders who blacklist, it ain't gonna happen. (And very understandably, IMO. It's like writing off an ex-BF/ GF/ DH/ DW. You might not keep actively fighting with them, but that doesn't mean that you ever want to have anything whatsoever to do with them again.)

[Anonymous]

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@haulingthescoreup wrote:

It basically means that if you've ever burned a lender (included in bankruptcy; charged off a CC; foreclosed on a property), don't bother to apply again with them in the future. They might have given up on trying to get repayment from you, but they're never going to risk doing business with you again.

(Not you, specifically, of course! )

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Alternative Version:

... , but they're going to try their best to annoy you or piss you off so that you do pay them.

[haulingthescoreup]

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@Anonymous wrote:

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@haulingthescoreup wrote:

It basically means that if you've ever burned a lender (included in bankruptcy; charged off a CC; foreclosed on a property), don't bother to apply again with them in the future. They might have given up on trying to get repayment from you, but they're never going to risk doing business with you again.

(Not you, specifically, of course! )

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Alternative Version:

... , but they're going to try their best to annoy you or piss you off so that you do pay them.

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Well, yes, that too, of course. I was just trying to clarify "blacklist"!

eta: I attempted to clarify in the original post above, but I probably just succeeded in muddying the waters still further.

[Anonymous]

Blacklists can be kept forever, so even though it it no longer on your CR, the lender keeps track.

[chasmith]

An example of how a lender remebers...  I had an AMEX CO 15 years ago, it aged off my report many years ago as well.  When I filed BK in August last year, AMEX picked it up through a reporting service they use to be notified of BK filing, reported the card IIB and sent me a 1099!  So even though it was long gone from reporting, AMEX had the record in their system.

They also tried to redate it on my CR, the CRAs promptly removed it on a dispute for DOFD.

[Shae123]

I had a settled charge off with Cap One from 2004 and they approved me just recently.

[Anonymous]

I had a charge off in 2005 with Cap 1 that I settled and 1 with serious delinquicies that I paid off..........2007I was offered a Cap 1 steps card starting at $750....today that card is at a $1,250 CL with a $39 AMF, and I was just approved and received a new Cap 1 Platinum for another $1000 with NO AMF and 0% APR til April of 2011.  So they dont black list, it depends on the individual's situation.

[Anonymous]

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@Anonymous wrote:

I had a charge off in 2005 with Cap 1 that I settled and 1 with serious delinquicies that I paid off..........2007I was offered a Cap 1 steps card starting at $750....today that card is at a $1,250 CL with a $39 AMF, and I was just approved and received a new Cap 1 Platinum for another $1000 with NO AMF and 0% APR til April of 2011.  So they dont black list, it depends on the individual's situation.

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They do blacklist, but it depends on their internal criteria who gets included on the blacklist.  Perhaps because they got at least some of their money back with you they were happy.