Denied By Chase
Sep 10, 2010 | 2:27 pm
#1
Original Poster
Join Date: Jun 2006
Programs: Hyatt Diamond, Hilton Gold,IHG Plat Amb, CC Gold, Kimpton IC, United, AA, BA, Amtrak G.R.
Posts: 446
Denied By Chase
My wife had credit trouble many years ago before we were married. Several C/O but she never did a BK and had no judgements, etc. Since it has been over 7 years, all of derogatory stuff seems to have fallen off her CR. Her credit score is over 700+ with all 3 bureaus. A few months ago she applied and got a new CITIBANK Card with a healthy CL of over 5k.
Last week she applied for a Chase card but was denied. The reason in the letter states "delinquency or other derogatory status on exisiting accounts with us'.
My question is, is she forever out of luck with Chase bank in regards to any CC with them in the future? Is she on a permanent black list?
Thanks!
Last week she applied for a Chase card but was denied. The reason in the letter states "delinquency or other derogatory status on exisiting accounts with us'.
My question is, is she forever out of luck with Chase bank in regards to any CC with them in the future? Is she on a permanent black list?
Thanks!
Sep 10, 2010 | 5:47 pm
#2
Join Date: May 2003
Location: CA
Programs: AA Lifetime Gold, HHonors Diamond
Posts: 2,879
My wife had credit trouble many years ago before we were married. Several C/O but she never did a BK and had no judgements, etc. Since it has been over 7 years, all of derogatory stuff seems to have fallen off her CR. Her credit score is over 700+ with all 3 bureaus. A few months ago she applied and got a new CITIBANK Card with a healthy CL of over 5k.
Last week she applied for a Chase card but was denied. The reason in the letter states "delinquency or other derogatory status on exisiting accounts with us'.
My question is, is she forever out of luck with Chase bank in regards to any CC with them in the future? Is she on a permanent black list?
Thanks!
Last week she applied for a Chase card but was denied. The reason in the letter states "delinquency or other derogatory status on exisiting accounts with us'.
My question is, is she forever out of luck with Chase bank in regards to any CC with them in the future? Is she on a permanent black list?
Thanks!
Also, a $5K CL and a 700 score is not too healthy, especially if you don't have other significant CLs.
Sep 10, 2010 | 6:42 pm
#3
Original Poster
Join Date: Jun 2006
Programs: Hyatt Diamond, Hilton Gold,IHG Plat Amb, CC Gold, Kimpton IC, United, AA, BA, Amtrak G.R.
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thanks for reply. after doing more digging on FT and other websites, I found the number for Chase reconisderation and had my wife call. they said basically "the amount you owed, did not pay and we wrote off years ago" is keeping her from getting any Chase card. they said unless some payment is made towards those old accounts or that a BK is written into the memo of those accounts (my wife did not file BK fyi), she will probably never get a new Chase card. the CSR did say to keep trying/applying sometime in the future as the Chase credit criteria sometimes changes.
oh well, at least we know now!!
oh well, at least we know now!!
Sep 11, 2010 | 5:37 pm
#5
In memoriam
Join Date: Jan 2006
Posts: 4,020
IMHO, nope. 'Cause any other bank won't know about the unpaid debt to Chase. Chase apparently maintains internal records of wife's old debt, but, it can't lawfully be on her credit report after seven years.
Again, IMHO, be really careful about paying any amount on old debt which can allow creditor to sue you for far more than old debt (interest, legal fees etc.). Reviving old debt is very, very dangerous.
Again, IMHO, be really careful about paying any amount on old debt which can allow creditor to sue you for far more than old debt (interest, legal fees etc.). Reviving old debt is very, very dangerous.
Sep 12, 2010 | 12:16 pm
#6
Join Date: May 2003
Location: CA
Programs: AA Lifetime Gold, HHonors Diamond
Posts: 2,879
My intent, although not worded properly, was any bank that had to write off a debt would take the same stance and deny her a new card. Not that other banks would know about the Chase situation.
Sep 12, 2010 | 7:09 pm
#7
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 30,343
What I dont understand it, if the wife filed BK then the bank would forgive her? Because this is the wordings from OP's post about the situation:
<<they said unless some payment is made towards those old accounts or that a BK is written into the memo of those accounts (my wife did not file BK fyi), she will probably never get a new Chase card.>>
So she would be better off to file BK years ago? And what is the meaning of C/O?
<<they said unless some payment is made towards those old accounts or that a BK is written into the memo of those accounts (my wife did not file BK fyi), she will probably never get a new Chase card.>>
So she would be better off to file BK years ago? And what is the meaning of C/O?
Sep 14, 2010 | 8:03 am
#8
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Join Date: Mar 2006
Location: DFW
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Posts: 31,941
Sep 14, 2010 | 11:40 am
#9
Original Poster
Join Date: Jun 2006
Programs: Hyatt Diamond, Hilton Gold,IHG Plat Amb, CC Gold, Kimpton IC, United, AA, BA, Amtrak G.R.
Posts: 446
What I dont understand it, if the wife filed BK then the bank would forgive her? Because this is the wordings from OP's post about the situation:
<<they said unless some payment is made towards those old accounts or that a BK is written into the memo of those accounts (my wife did not file BK fyi), she will probably never get a new Chase card.>>
So she would be better off to file BK years ago? And what is the meaning of C/O?
<<they said unless some payment is made towards those old accounts or that a BK is written into the memo of those accounts (my wife did not file BK fyi), she will probably never get a new Chase card.>>
So she would be better off to file BK years ago? And what is the meaning of C/O?
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".
Sep 14, 2010 | 11:49 am
#11
Join Date: Jun 2010
Posts: 105
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".
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".
Sep 14, 2010 | 1:03 pm
#12
Join Date: Oct 2006
Location: USA
Programs: DL PM, Hyatt Globalist
Posts: 2,369
Sep 14, 2010 | 1:09 pm
#13
Join Date: Jun 2010
Posts: 105
perhaps i wasn't clear. IF you have a debt at the credit B. and you don't make a payment for 6 1/2 years, and then you DO make a payment, the clock will start again. My point was that the CB makes it difficult to be honest.
Sep 14, 2010 | 1:13 pm
#14
Join Date: Oct 2006
Location: USA
Programs: DL PM, Hyatt Globalist
Posts: 2,369
making a payment on a charged off debt does not reset the DFOC ( date of first delinquency ) which is the key date for a tradeline to report on a consumer credit report. Now this of course does not mean some data furnishers will not improperly report to the consumer's credit report; but illegal reporting can be dealt with.
Sep 14, 2010 | 1:16 pm
#15
Join Date: Jun 2010
Posts: 105
making a payment on a charged off debt does not reset the DFOC ( date of first delinquency ) which is the key date for a tradeline to report on a consumer credit report. Now this of course does not mean some data furnishers will not improperly report to the consumer's credit report; but illegal reporting can be dealt with.