we're in a similar situation. i had a providian and wamu credit cards back in college (2000-2004) and both got charged off in 04. WaMu bought out providian; chase bought out wamu. now my charge-off tradelines were changed over to Chase so they both say "Chase Bank NA -- Charge Off"
I freaked out when i saw that because I've been rebuilding my credit since those CO's and was hoping to get the Chase Southwest Airlines Rapid Rewards credit card one day. i freaked out because I assumed that i was now in the Chase "recovery" system and would be blacklisted by them. i called the Chase executive office in Illinois, the recovery department, the credit processing dept (applications) and even spoke to a credit analyst. They all said the same thing: they do not blacklist because at some point, those accounts (whether they were originally with Chase or not) will be expunged from their archives in 7-10 years, usually in line the SOL for derogatory accounts. they also said that if you do apply and are denied because of past derogatory history with them (ie, a form of blacklisting), you can call and do a recon and explain those accounts were with other creditors that Chase bought out.
hope this helps
Message Edited by emartin82 on 04-05-2009 09:01 PM
