How long is Cap 1's memory? I have a friend that has a Cap 1 chargeoff from last year. His score is up about 100 points from last year, if that helps. He is wanting to apply for a card, but I told him he would be denied. He thinks his point increase will offset his chargeoff. I think he's crazy. I have an R5 with Cap 1 and I won't apply. Charlie
Let me see if I understand. He has a charge off with cap 1. Since then his scores have gone up 100 pts. He thinks the score increase will offset the chargeoff as far as cap 1 is concerned? You're right. He is crazy. If he thinks it'll work, tell him to go ahead.
LKH, Yeah, he doesn't understand the credit deal, but few of us did before creditnet. How long is Cap 1's memory or is he black listed? Charlie
