what is blacklisting?

I have heard that certain companies will not let you obtain credit with them..what the criteria is I am not sure that is what I am trying to figure out

 

http://law.jrank.org/pages/4779/Blacklist.html

A google search returned a lot of information, mostly for UK and other non-US countries. That was about the only page I could find that was about the US.

 

http://www.nepalnews.com/contents/englishmonthly/businessage/2003/oct/businessage4.htm

Not about US though.

 

thankis...just trying to understand alot about credit reporting and different companies.

 

Blacklisting is the act of a creditor using its own files to deny you credit after the FCRA reporting period has taken the bad debt off your credit files.

While derogatory listings on a Credit report have a finite life (7.5 years after default), a creditor can maintain their own credit history on you forever and use that derogatory information in their own files to deny you credit from them. American Express is legendary for having the capacity to never forget and if you default on them, tehy will never approve you for another card until you repay the defaulted card.

 

I've even seen company's which will keep the blacklist data after they get the account paid.