@tom3, while this may be a YMMV scenario, I tried earlier this year to get back in with CITI after burning them in a Chapter 13; my bankruptcy is long since discharged and there is no record of CITI anywhere on any of my reports. Yeah, about that, they denied me for even a secured credit card and hit me with a hard pull at the same time.
My bet is, if you do apply, you'll get the same treatment.
@tom3 wrote:Hello,
I would like some advice if at all possible. I once had two Citi credit cards that fell into collections and were charged off. However, enough time has passed now that these have fallen off of my report and my FICO scores have improved. (Equifax 826, TransUnion 808 and Experian 785). I never repaid them. My question is, When do you think it would be a good time to apply for another credit card? I don't want to waste in hard-pull just to get decline.
I think you answered you own question. Citi, Chase and AMEX and a few others have a long memory. Least AMEX will do an invite to a few selected for a second chance with the Optima card. Some have paid back all they owed and still no one answered the door when they knocked. Your scores are nothing to fret about. There are other cards out there.
@tom3 wrote:Hello,
I would like some advice if at all possible. I once had two Citi credit cards that fell into collections and were charged off. However, enough time has passed now that these have fallen off of my report and my FICO scores have improved. (Equifax 826, TransUnion 808 and Experian 785). I never repaid them. My question is, When do you think it would be a good time to apply for another credit card? I don't want to waste in hard-pull just to get decline.
I would recommend no earlier than 7 years as in my case when I burned them on my BK7 DCd in 2011 and got back in 7 years after in 2018.
Good Luck!
If OP pays back the full amount owed will that help him/her to get back in? If so then perhaps since it's been greater than 7 yrs maybe they'll be a bit more forgiving.
