Getting back in with Synchrony specifically Amazon

[kebeneezer88]

I have charged off accounts with Synchrony including Amazon that are about 2-3 years old. Now with Portfolio. Has anyone ever re-applied for a product with them after having the charge off and gotten a new account?

[chiefone4u]

I've never had an Amazon account charge off, but have with other Synchrony issued cards.

In my experience I waited 4 years before paying off Chevron (to collection agency), 90 day's later approved for $150 limit.

I got mad at Synchrony a few years back and closed my Amazon account (couldn't get a cli)... long story short, had to wait 366 days after closing the account before I could reopen an account.

I'm guessing you need to have waited at least a year since account closure. Seems paying your debt (even settling for less) increases your likelihood of approval.

As always YMMV.

[silver_idle]

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@kebeneezer88 wrote:
I have charged off accounts with Synchrony including Amazon that are about 2-3 years old. Now with Portfolio. Has anyone ever re-applied for a product with them after having the charge off and gotten a new account?

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Some credit products that includes synchrony might have more forgiving UW than others, though overall Synch is usually forgiving after a year or two from the time it been CO. Of course there are other factors, including whats on your credit report now. When it comes to Amazon, it might not be that easy. If you have a collection on your report, make sure to pay the collection (portifolio does remove their collections if its 2 years old 30 days after PIF or settlement). After 6 to 12 months along with paying everything else on time, no or very low inquiries, keeping util low and other factors, it then would be. If they were IIB then YMMV.

[FireMedic1]

Here's a recent thread on your situation @kebeneezer88 :

https://ficoforums.myfico.com/t5/Credit-Cards/Sync-bank-and-forgiveness/td-p/5778423 

[spiritcraft1]

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@FireMedic1 wrote:

Here's a recent thread on your situation @kebeneezer88 :

https://ficoforums.myfico.com/t5/Credit-Cards/Sync-bank-and-forgiveness/td-p/5778423 

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Yup,  That was me and I got back in with a $1k limit.  I also have the two associated CA's still on my reports (Midland).  Since they bought that debt from Sync a few years ago, I don't think it matters at all if Midland (or Debt buyer X) is paid or not as it is no longer associated with Synchrony in any way.

It is only a TU HP to find out.  While rebuilding, INQ's and new accounts (to a dergee) don't have much impact.  Growing new CL's and paing the in full does though!  Good luck if you give it a shot.

[kebeneezer88]

Thanks for this info very helpful.

I may pull the trigger since I use Amazon for literally everything. My TU is at 570ish. The one thing I’m wondering - when I’m logged into my Amazon account it still shows the card under my account and tries to send me to Synchrony website to “manage” my account. But it’s been charged off with Portfolio two years this month??

[silver_idle]

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@kebeneezer88 wrote:
Thanks for this info very helpful.

I may pull the trigger since I use Amazon for literally everything. My TU is at 570ish. The one thing I’m wondering - when I’m logged into my Amazon account it still shows the card under my account and tries to send me to Synchrony website to “manage” my account. But it’s been charged off with Portfolio two years this month??

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You should hold off and build up your score a little bit before applying.

[Red1Blue]

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@kebeneezer88 wrote:
I have charged off accounts with Synchrony including Amazon that are about 2-3 years old. Now with Portfolio. Has anyone ever re-applied for a product with them after having the charge off and gotten a new account?

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My old Amazon / Synchrony account became a charge off. I tried to apply for a secured Amazon card and they did not even approve the Amazon secured card. But they did not do a hard pull so it is not that bad. You can try. YMMV.

[Anonymous]

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@silver_idle wrote:

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@kebeneezer88 wrote:
Thanks for this info very helpful.

I may pull the trigger since I use Amazon for literally everything. My TU is at 570ish. The one thing I’m wondering - when I’m logged into my Amazon account it still shows the card under my account and tries to send me to Synchrony website to “manage” my account. But it’s been charged off with Portfolio two years this month??

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You should hold off and build up your score a little bit before applying.

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Yeah I agree. I think that's a no bueno for the Amazon card with that score. I app'd for the Amazon card a with a similar score early in my rebuild. ~580. Denied. I also had my previous Amazon account CO just like @kebeneezer88 

The only difference was my old Amazon account was from a decade ago when Synchrony was called GE Money. Of the listed denial reasons was "previous unsatisfactory relationship". 10 years in the memory banks (geez like Amex). But once I got my TU score above 700 I was approved. So it seems that some number (not sure where the cut off is) will make the past irrelevant. ymmv of course.

[KJinNC]

It would be safer to wait until you're in the 600s at least. I was approved for the unsecured Amazon Store Card with a $1,500 limit, with scores in the low 600s. In fact, I didn't even have a TU FICO score yet. But I'm a sample size of one, so who knows. It's a shame they got rid of the secured card.

@spiritcraft1 wrote:
While rebuilding, INQ's and new accounts (to a dergee) don't have much impact.  Growing new CL's and paing the in full does though!  Good luck if you give it a shot.

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This is something I think should be more widely understood on this board. I am really glad I didn't take the "slow down" advice I started getting in May. I am/was probably an edge case in some ways, but I think a high percentage of people who spend time on this board are edge cases.