New Chase CC after settlement

[eljquez]

Has anyone had experience with settling a charged-off CC with Chase and after some time reapplying for a new cc?

[sccredit]

Depends on the definition of "some time"

2 years? No way

10+ years? YMMV

[eljquez]

I didn’t have a specific time frame in mind, but your response is helpful.

If it’s possible, should I pay off the full debt instead of settling? If my goal is to get a new credit card from Chase, would that be a good idea?

@sccredit 

[Horseshoez]

Why Chase?  There are plenty of other good credit cards out there; I'd advise being happy with the settlement and getting other cards.

[Lurker22]

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@eljquez wrote:

I didn’t have a specific time frame in mind, but your response is helpful.

If it’s possible, should I pay off the full debt instead of settling? If my goal is to get a new credit card from Chase, would that be a good idea?

@sccredit 

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As already mentioned there are other lenders out there, what you need to look at is how much is the settlement and does it outweigh the benefits you'd get with a new card, sometime the math just doesnt work out in the favor of getting a card from JPM 

[CreditCuriosity]

PIF or paying part likely won't matter Chase will hold the charge off against you for awhile.

[KatzNDawgs]

I'm at 9 years post-settlement with Chase, and no luv. Not even approved for checking account. From what I hear, 10-12 years is more likely to work. I may try again at year 11, really want the Southwest and Hyatt points.

[Horseshoez]

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@KatzNDawgs wrote:

I'm at 9 years post-settlement with Chase, and no luv. Not even approved for checking account. From what I hear, 10-12 years is more likely to work. I may try again at year 11, really want the Southwest and Hyatt points.

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Have you tried an in-branch approach to opening a checking account?

[KatzNDawgs]

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@Horseshoez wrote:

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Have you tried an in-branch approach to opening a checking account?

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No I haven't, I may do that with my next attempt - do you know if this improves odds with them? Anyhow, that probably won't be for a while as I'm currently over 5/24 for another year, and if I'm in there I will probably try for a CC as well.

[Horseshoez]

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@KatzNDawgs wrote:

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@Horseshoez wrote:

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Have you tried an in-branch approach to opening a checking account?

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No I haven't, I may do that with my next attempt - do you know if this improves odds with them? Anyhow, that probably won't be for a while as I'm currently over 5/24 for another year, and if I'm in there I will probably try for a CC as well.

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I burned Chase for a tidy sum in my 2015 Chapter 13; I now have three credit cards with them with limits of $11,700, $23,600, and $8,000 (CSP, CFU, and United Explorer respectively).  Here's the story of how I got back in: https://ficoforums.myfico.com/t5/Credit-Card-Approvals/And-just-like-that-I-m-back-in-with-Chase/m-p...