If I pay, Will I be able to get a card?

gloverkevin · ‎06-26-2023

Hi,

I used to have an account with Capital One back in 2018/2019. It was a secured platinum that got charged-off. The account is not being reported on my credit reports at all, but when I go to pre-approve I get "prior account is not consistent with our expectations" If I pay the past due charge-off will I be able to apply and get a capital one card again?

Jeffster1 · ‎06-26-2023

@gloverkevin wrote:
Hi,
I used to have an account with Capital One back in 2018/2019. It was a secured platinum that got charged-off. The account is not being reported on my credit reports at all, but when I go to pre-approve I get "prior account is not consistent with our expectations" If I pay the past due charge-off will I be able to apply and get a capital one card again?

Maybe I'm missing something, but how does a secured card get charged off? I thought they would just use the amount you have on deposit to secure the card in order to satisfy the debt.

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Brian_Earl_Spilner · ‎06-26-2023

@Jeffster1 wrote:
@gloverkevin wrote:
Hi,
I used to have an account with Capital One back in 2018/2019. It was a secured platinum that got charged-off. The account is not being reported on my credit reports at all, but when I go to pre-approve I get "prior account is not consistent with our expectations" If I pay the past due charge-off will I be able to apply and get a capital one card again?
Maybe I'm missing something, but how does a secured card get charged off? I thought they would just take the amount you have on deposit to secure the card.

Because of things like late fees that aren't covered by the deposit.

gloverkevin · ‎06-27-2023

Exactly. It is possible to spend more than deposit on card. The card I had with them was $200, I spend like $250 if got charged and also fees. They don't give back $200 and collect, they keep $200 because $200 was charged + $50, someone is getting paid.

Should I pay the card off or not worry about it?

NoMoreE46 · ‎06-27-2023

How much do you owe from this secured card?

FireMedic1 · ‎06-27-2023

This came up in another sub- forum. Im wondering if their lax approvals is getting tighter now. If i see it. I'll link it. Your not the only one this week.

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AndySoCal · ‎06-27-2023

@gloverkevin I would pay the card off. There is the possibilty it is on Chex Systems. See link below

https://www.capitalone.com/learn-grow/money-management/chexsystems/

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gloverkevin · ‎06-27-2023

Thank you,

my Chex systems report came yesterday I'll check it. Should I call support and pay it. What if they transfer me to collections? I always try to get proof of payment arrangements. I want to pay to get a new capital one card to start building a relationship with them.

SouthJamaica · ‎06-27-2023

@gloverkevin wrote:
Hi,
I used to have an account with Capital One back in 2018/2019. It was a secured platinum that got charged-off. The account is not being reported on my credit reports at all, but when I go to pre-approve I get "prior account is not consistent with our expectations" If I pay the past due charge-off will I be able to apply and get a capital one card again?

I think you should call them up and pay it off.

I don't know if it will put you in their good graces or not, but in the long run it's still a good move in my opinion.