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@hoodun wrote:Doesnt look like they did a hard pull. They just based the decision off a 300 card I had with them back when I was in college. I already have a 3k card with Bank of America, a 2500 with Discover, and a 2500 with cap1, so I am not too concerned. It just seems ludicrous to me that they would remember a college card from twenty years ago and still use it against me. Especially when I walked into the bank and paid in full after missing three months. ...I was a college kid.
Anyway, at least they did not do a hard pull.
Yup, sounds like you are blacklisted
That worries me because I had a CO back in 2003 and they did HP me 2 years ago when I went for a Citi card. Cited "Past Delinquency".
Actually, I just checked and they did HP me. Unforgiving bastards. I had a couple charge offs with Cap1 ten years ago and they gave me several cards even with the COs still on my report. I'm blacklisting Citibank and stickin gwith Chase, B of A, US Bank Cap1, and Discover. Thats my current line up so I do not really need Citibank. It was more of a psychological thing to correct move past my previous mistakes in life. They will not let me , so screw them.
@hoodun wrote:Actually, I just checked and they did HP me. Unforgiving bastards. I had a couple charge offs with Cap1 ten years ago and they gave me several cards even with the COs still on my report. I'm blacklisting Citibank and stickin gwith Chase, B of A, US Bank Cap1, and Discover. Thats my current line up so I do not really need Citibank. It was more of a psychological thing to correct move past my previous mistakes in life. They will not let me , so screw them.
you can't really blame them though.
burn any prime lender, and they'll blacklist you. would you lend money to a friend that never paid you back during college days? same logic there.
cap 1 rarely blacklists anyone because they're dealing with subprime customers. its kinda expected that people in that subgroup are more likely (or very likely) to default, thus the low CL and higher fees.
@enharu wrote:
@hoodun wrote:Actually, I just checked and they did HP me. Unforgiving bastards. I had a couple charge offs with Cap1 ten years ago and they gave me several cards even with the COs still on my report. I'm blacklisting Citibank and stickin gwith Chase, B of A, US Bank Cap1, and Discover. Thats my current line up so I do not really need Citibank. It was more of a psychological thing to correct move past my previous mistakes in life. They will not let me , so screw them.
you can't really blame them though.
burn any prime lender, and they'll blacklist you. would you lend money to a friend that never paid you back during college days? same logic there.
cap 1 rarely blacklists anyone because they're dealing with subprime customers. its kinda expected that people in that subgroup are more likely (or very likely) to default, thus the low CL and higher fees.
I dont blame lenders at all for blacklisting either, but if you pay them back in full, they should not hold that against you. Its actually a disincentive not to ever pay them back. Amex and Navy will let you back in if you pay them back.
PS: I know Im responding to an old post, but I had to add my 2 cents.
@sjt wrote:
@enharu wrote:
@hoodun wrote:Actually, I just checked and they did HP me. Unforgiving bastards. I had a couple charge offs with Cap1 ten years ago and they gave me several cards even with the COs still on my report. I'm blacklisting Citibank and stickin gwith Chase, B of A, US Bank Cap1, and Discover. Thats my current line up so I do not really need Citibank. It was more of a psychological thing to correct move past my previous mistakes in life. They will not let me , so screw them.
you can't really blame them though.
burn any prime lender, and they'll blacklist you. would you lend money to a friend that never paid you back during college days? same logic there.
cap 1 rarely blacklists anyone because they're dealing with subprime customers. its kinda expected that people in that subgroup are more likely (or very likely) to default, thus the low CL and higher fees.
I dont blame lenders at all for blacklisting either, but if you pay them back in full, they should not hold that against you. Its actually a disincentive not to ever pay them back. Amex and Navy will let you back in if you pay them back.
PS: I know Im responding to an old post, but I had to add my 2 cents.
Not sure. In most cases it's not the money that is important (banks have lots!) more the risk. They might be paid back, but they weren't paid on time, as agreed, so they view the individual as a big risk, and choose not to have another relationship with them.
@longtimelurker wrote:Not sure. In most cases it's not the money that is important (banks have lots!) more the risk. They might be paid back, but they weren't paid on time, as agreed, so they view the individual as a big risk, and choose not to have another relationship with them.
I agree that past history is important in assessing a credit relationship with a lender and that all things should be taken into consideration, including the fact you paid them off in full. My point is that you should not automatically be denied for credit (ie backlisted) if you PIF.
@hoodun wrote:I was rejected from a citibank card because I had a bad account history with them in 1994. The account was three month past due and going into collections when I paid it off in full. It was my first card in college. I ssumed this would go away after 7 years?
first off, sorry to here about your denied app w citi...you mentioned your account being in 1994...when did you pay them off? i agree with others that it falls off after 7 years, but not necessarily on the banks' system (blacklist book). how much was your TL then that got closed?