Any of these companies forgiving ?

[Anonymous]

Yes for Navy Federal! I got a Cash rewards card in June 17 $1300 maxed out made 1 $20 payment and let it burn! Fast Forward! I paid them $1409 this April 2020 I applied for a card and was denied! The letter said I " Caused Navy Federal A Lost" I then got a pledge loan and secured my own $250 with them! I got a secured card in June for $200 I looked on the website and I prequalified for all cards Aug 2020 and I pulled the trigger and got a Cash rewards card signature visa for $5k So yes they are very forgiving as long as you don't settle! They offered me like $400 settlement offer but the rep said I would NEVER be able too get any of their products again! Hope this helps!

[Jnbmom]

@Anonymous

Yes if you pay in full they will eventually let you back in 👍

[joltdude]

I think the poster meant to say that if you PIF, not settle with Navy, you have a chance after some time has passed to get products with Navy again.....

Don't take the settlement, but pay them in full, and whole...

-J

[Jnbmom]

@joltdude 

Yes I reread changed my reply 👍

[Loquat]

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@wasCB14 wrote:

Amex and Chase have very long memories. Chase will also remember accounts with banks they acquired, like WaMu.

The amount of a charge off can matter. A bank is more willing to give a customer another chance after a $2k loss than a $200k loss.

Cap1 is very forgiving.

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@wasCB14 You nailed it there.  Chase reminded me of an account I have originated with Providian that turned WaMu that turn them.  I can still remember that call.  It was like being interrogated by the FBI. 

[sxa001]

AMEX can be forgiving if you pay them in full, but it may take some time, I had a CO in 2008 and a got back in with them in 2016 but I did pay it in full.  

I am pretty sure I am on Barclay's blacklist, I haven't tried applying for any of their cards since 2017, it was 2008 that I burned them and I honestly can't remember if that was one I settled or paid in full.   If you burned Barclays and didn't pay it in full I would count them out. 

[coreysw12]

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@Loquat wrote:

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@wasCB14 wrote:

Amex and Chase have very long memories. Chase will also remember accounts with banks they acquired, like WaMu.

The amount of a charge off can matter. A bank is more willing to give a customer another chance after a $2k loss than a $200k loss.

Cap1 is very forgiving.

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@wasCB14 You nailed it there.  Chase reminded me of an account I have originated with Providian that turned WaMu that turn them.  I can still remember that call.  It was like being interrogated by the FBI. 

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Providian, wow... now there's a name I haven't heard in a long time They issued my very first credit card 20 years ago. They also represent the first of several times I've burned Chase or banks Chase acquired. Doh. If only I knew then what I know now. Thankfully Chase seems to have gotten over it.

[Kforce]

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@Anonymous wrote:

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@Remedios wrote:

Capital One will sue you while at the same time approving for a new card.

In fact, them and Discover are amongst most litigious lenders. 

There is no "forgiveness", just a different business model. 

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But this is MyFico.  All the matters is the approval, the rest is just some sort of noise!

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And I thought that I had tinnitus.

[AzCreditGuy]

B of A, Discover & Wells have forgiven me....Amex, Chase have not and good riddence ....I never burned Barclays but a garbage card..Will stop using the card in Nov and let them close it 

[spiritcraft1]

Here is another blast from the past.

Burned PNC in March 2014 for $2k on an old National City Lifesprings Visa...

They did just open both personal and Business accounts for the DW and I...  there no mention of the burning.

I would like to know about their forgiveness policy for when I get clean on EX.