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When I first turned 18 and went to college, I got sucked into all the credit offers that were thrown at kids during the first week of classes. I remember i got a CITI because I got sucked into the MLM Herbalife. Didn't work out so well. I burned CITI. So my question is, how long do they keep those records on file? Are they along the same lines as AMEX??
Thanks. They were never going to be on my list of cards, but i just wanted to know. Appreciate it.
Watching with interest as I too have burned them.
~kn
I'm fairly certain that citi is one of the lenders who will blacklist you, but as with (almost) everything that applies to credit, YMMV.
I burned Citi in college too. I had a credit card that had many late payments and eventually was closed by Citi. The card was never charged off or sent to a collection agency, I worked out a payment plan with Citi directly. I hope that this doesn't blacklist me from all Citi cards forever. It seems kinda silly, it's not like I didn't pay them in full.
@kats_rebuild wrote:I burned Citi in college too. I had a credit card that had many late payments and eventually was closed by Citi. The card was never charged off or sent to a collection agency, I worked out a payment plan with Citi directly. I hope that this doesn't blacklist me from all Citi cards forever. It seems kinda silly, it's not like I didn't pay them in full.
I honestly think you are fine if it's been quite a while since that has happened, but it's impossible to tell since we don't know what their internal policies are regarding this.
There have been people who paid back their debt in full, applied, and still got denied, while some others got approved.
Usually if you have paid your debt back in full and still got denied, you could always call their EO office. There's been cases of people who did that and eventually got approved after.
Luckily I never burned AMEX or Chase. Most of my early mistakes were with small sub-prime banks. My score still suffered but at least I have decent chances to get in with AMEX and other prime banks as my score climbs.
Yeah, I'm glad I had the allure of thinking that AMEX was "hands off" because it was for the "moneybag" types. Obviously, that's not the case.