@Linnaea wrote:Beginning of 2020 Discover card went into regalia in order to negotiate payment. That chargeoff was paid in full minus late interest. I Love Discover and want back in.... even if its secured. I do the prequal every so often and nothing not even the secured card. I believe that power of attorney for the company that did my pay off is removed. I fear applying for the secured card don't want to lose points. I work nights and sleep during day. So I need to call. But here is my question....
Has anyone had a chargeoff and made them full get back in via secured IT card? If so how long? Or could you never get back? I am looking for some data points.
My Fico 8's are from 620 to 645.
Only one baddie I am working on.
I make decent money. Everything currently is on time. No bancruptcies although seems Discover prefers giving 2nd chances note so to someone off of Bancruptcy then to people who paid their chargeoffs.
Looking for success stories... thank you in advance.
highly likely you'll be let back in after it falls off your reports, but it could be sooner given how soon yours was paid off
just keep trying that pre-approval tool and wait for it to give you something
@Linnaea wrote:Beginning of 2020 Discover card went into regalia in order to negotiate payment. That chargeoff was paid in full minus late interest. I Love Discover and want back in.... even if its secured. I do the prequal every so often and nothing not even the secured card. I believe that power of attorney for the company that did my pay off is removed. I fear applying for the secured card don't want to lose points. I work nights and sleep during day. So I need to call. But here is my question....
Has anyone had a chargeoff and made them full get back in via secured IT card? If so how long? Or could you never get back? I am looking for some data points.
My Fico 8's are from 620 to 645.
Only one baddie I am working on.
I make decent money. Everything currently is on time. No bancruptcies although seems Discover prefers giving 2nd chances note so to someone off of Bancruptcy then to people who paid their chargeoffs.
Looking for success stories... thank you in advance.
I burned Disco for roughly $3k in a BK filed 5yrs and change after DOFD. Got back in 4yrs later with a secured card. It unsecured to a Chrome after 7 months, but is currently my lowest limit card now.
@Linnaea wrote:Beginning of 2020 Discover card went into chargeoff in order to negotiate payment. That chargeoff was paid in full minus late interest. I Love Discover and want back in.... even if its a secured it. I do the prequal every so often and nothing not even the secured card. I believe that power of attorney for the company that did my pay off is removed. I fear applying for the secured card don't want to lose points. I work nights and sleep during day. So I need to call. But here is my question....
Has anyone had a chargeoff and made them full get back in via secured IT card? If so how long? Or could you never get back? I am looking for some data points.
My Fico 8's are from 620 to 645.
Only one baddie I am working on.
I make decent money. Everything currently is on time. No bancruptcies although seems Discover prefers giving 2nd chances note so to someone off of Bancruptcy then to people who paid their chargeoffs.
Looking for success stories... thank you in advance.
I had a CO back in 2017 with Discover. Could NOT get back in for 5+ years until it was settled and removed from my credit reports. I was declined for "Status of Existing/Prior Account" repeatedly before that time.
The day it fell off my reports I reapplied (pre-qualify/approval) and was welcomed back with open arms to the tune of $7K. You don't necessarily need to go the secured route if your credit report is in proper shape.
Did you pay charge off with Discover or did you pay a partial settlement? What was the amount? Or did it just slowly fade away?
I did a partial settlement of $3K on a $9K balance. It was eligible for deletion from my reports right away due to NYS' special 5 year removal rule for negative information from paid CO/settled accounts on credit bureau reports.