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Is Chase forgiving?

Member

Is Chase forgiving?

I use to have a Chase Slate card in 2011 but it has since been "Charged-off." It still reports on my report as unpaid balance and I was wondering if Chase is forgiving if I were to apply for another one of thier CC's now. I have somewhat rebuilt my credit and almost at the point where I should be approved but I dont know if Chase would allow it due to preivous history. Any input would help. Thank you in advance.

Message 1 of 11
10 REPLIES
Moderator

Re: Is Chase forgiving?


mbp287 wrote:

I use to have a Chase Slate card in 2011 but it has since been "Charged-off." It still reports on my report as unpaid balance and I was wondering if Chase is forgiving if I were to apply for another one of thier CC's now. I have somewhat rebuilt my credit and almost at the point where I should be approved but I dont know if Chase would allow it due to preivous history. Any input would help. Thank you in advance.


With Chase it is highly doubful you will receive a new card with an open reporting unpaid CO. I would pay them off first then try.

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne

Message 2 of 11
Valued Member

Re: Is Chase forgiving?

I agree pay it off or wait until it falls off your report. I have an unpaid charge off from 2010 with Chase and they denied me starting bad prior history with bank, charged off account. Also even when it falls off credit reports they still might not approved based on past history. Better to pay it off if you can afford to. 

Fico 8 Scores as of 10/12/16: TU 637; EQ 621; EX 685


Cap1 QS - $5300; Cap1 QS1 - $2000; Cap1 PS - $2750; Amex Everyday - $1000; Discover IT - $1000; Barclaycard - $850; BOA Part Secured - $500; Store Cards: over $10000
Message 3 of 11
Frequent Contributor

Re: Is Chase forgiving?

Short answer: Chase is not forgiving, many people still can't get back in with them after years of derogs falling off


Total CL $123k | #TeamPIF | FICO Jul17: EQ 712 | TU 732 | EX 732 | AAoA: 11 months
Message 4 of 11
Valued Contributor

Re: Is Chase forgiving?

I have a related question about Chase if anyone can change in or give their thoughts.

I over drafted my checking account by $150 with Chase in 2011 and never paid it. My account was closed and I never paid the amount they never sent me any letters asking for the money and it was not reported to Chexsystems or EWS. I called them last year about it and they said my account was too old and they couldn't pull anything up.

Eventually I'd like to app with Chase once I'm in the 700's (hopefully by then they'll have some branches near me there's no branches in the entire state where I'm at Smiley Sad ). Right now I'm an AU on my SO's 2 Chase credit cards which both have flawless history (but high rates).

My question is: Do you think my prior bad history with having a checking account with them will deny me for getting a credit card with them or the two are not interrelated?

Because I have a friend who had $250,000 in his WF checking but had a thin file and only was approved for a 1.5k CL despite his relationship with the bank.
Message 5 of 11
Valued Contributor

Re: Is Chase forgiving?

Bump
Message 6 of 11
Moderator

Re: Is Chase forgiving?


Matt4200 wrote:
I have a related question about Chase if anyone can change in or give their thoughts.

I over drafted my checking account by $150 with Chase in 2011 and never paid it. My account was closed and I never paid the amount they never sent me any letters asking for the money and it was not reported to Chexsystems or EWS. I called them last year about it and they said my account was too old and they couldn't pull anything up.

Eventually I'd like to app with Chase once I'm in the 700's (hopefully by then they'll have some branches near me there's no branches in the entire state where I'm at Smiley Sad ). Right now I'm an AU on my SO's 2 Chase credit cards which both have flawless history (but high rates).

My question is: Do you think my prior bad history with having a checking account with them will deny me for getting a credit card with them or the two are not interrelated?

Because I have a friend who had $250,000 in his WF checking but had a thin file and only was approved for a 1.5k CL despite his relationship with the bank.

No checking wont stop CC approvals, I bet they would find it if you opened a new deposit account and they would pull the funds.

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne

Message 7 of 11
Highlighted
Valued Member

Re: Is Chase forgiving?

Usually when you go to open a checking account with them it will stop it beforehand and you will have to pay it off even if it's a settled amount and then they will allow you to open a checking account. I know from experience. Had a checking account go under and a cc charge off with them. Tried opening checking account and was told I had to pay off balance on bad checking account from 2011 first before I could open another account. As far as credit card who knows if they'll ever let me back in although I'm not that worried about it anymore as I have discover and amex now.

Fico 8 Scores as of 10/12/16: TU 637; EQ 621; EX 685


Cap1 QS - $5300; Cap1 QS1 - $2000; Cap1 PS - $2750; Amex Everyday - $1000; Discover IT - $1000; Barclaycard - $850; BOA Part Secured - $500; Store Cards: over $10000
Message 8 of 11
Valued Contributor

Re: Is Chase forgiving?

Considering they have a $300 sign up bonus plus a $50 referral bonus for my SO that's a pretty nice payout for opening a CC.

Message 9 of 11
Frequent Contributor

Re: Is Chase forgiving?

 


gdale6 wrote:

Matt4200 wrote:
I have a related question about Chase if anyone can change in or give their thoughts.

I over drafted my checking account by $150 with Chase in 2011 and never paid it. My account was closed and I never paid the amount they never sent me any letters asking for the money and it was not reported to Chexsystems or EWS. I called them last year about it and they said my account was too old and they couldn't pull anything up.

Eventually I'd like to app with Chase once I'm in the 700's (hopefully by then they'll have some branches near me there's no branches in the entire state where I'm at Smiley Sad ). Right now I'm an AU on my SO's 2 Chase credit cards which both have flawless history (but high rates).

My question is: Do you think my prior bad history with having a checking account with them will deny me for getting a credit card with them or the two are not interrelated?

Because I have a friend who had $250,000 in his WF checking but had a thin file and only was approved for a 1.5k CL despite his relationship with the bank.

No checking wont stop CC approvals, I bet they would find it if you opened a new deposit account and they would pull the funds.


 

 

Chase did that to me years ago. I had an overdraft on a closed checking account and a charged off credit card. I opened another Chase checking account as a test and deposited only $50 into the account. It was gone before long; citing right of offset. I just didn't know if the money was applied to the closed checking account or the charged off credit card.

 

They also tried to be slick and sent me a $40 check claiming some sort of accounting error resulting in overpayment on something. The local check cashing place didn't want to cash it so I just ripped up the check. No way in heck was I depositing it into my Fidelity account only to find the funds in that account frozen/emptied out a week later. Smiley Tongue

 

 

Message 10 of 11