Good evening, I stopped paying on all debts 7 years ago and almost all have dropped from my report and all are outside statute of limitations. No bankruptcy and I fought some in court and won and no judgments were ever entered. I will not go into the reasons why. I have since rebuilt my credit and am in the mid 700s with 3 credit card trade lines on my name and 4-5 as an authorized user on my parents. All balances are at 0, I have absolutely no debt of any kind and live a debt free life.
All open trade lines in my name are with banks I never had a relationship with. My question concerns ever having a future business relationship with banks whose debts are now out of statute. I am familiar with the right of setoff and will never have a bank account with these entities given their ability to simply seize anything without warning.
However, what will happen if I ever apply for a credit card or a mortgage with said bank? Say to get rewards for opening an account, a lot of banks sponsor airline cards, etc. Am I blacklisted for the rest of my life from a card or mortgage with these entities? Simply avoiding these banks is possible but I am curious given that a lot of banks are involved: citi, Bank of America, chase, wells fargo(Wachovia), HSBC, pnc, discover,
I have thus been doing business with Amex and capital one and some regional banks. Have I severed my relationship with the previous entities for life?
