Originally Posted by
musikdude
C/O meant charged off the account.
My wife did not file BK (which in hindsight might have been better long term) and it seemed like the Chase rep implied that if a notation of BK in her file would have "possibly" meant she might get a new card eventually. I am thinking that Chase would think "once she has filed BK she can't do it again anytime soon, so we will give her a card again".
Just because something is no longer on her credit report, does not mean that the original lender does not have record (as you've found out)...and yes, they can still come after her and the fees alone would be hefty. When you file BK, you have in fact 'settled' as far as the law is concerned...but even after BK, the original lender will probably still say no. Also, there's a little rule the the Credit Bureau....every time you make a payment on a debt, the 7 years will start ticking again...really makes one want to be honest, eh?