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  1. #1
    Join Date
    Aug 2015
    Posts
    1

    Default Can a Bank Continue to Consider a Bankruptcy After it Falls Off of Your Credit Report

    After 10 years, my bankruptcy is officially off my credit report. My credit is great and everything looked fantastic according to CHASE as I was in the final process of obtaining a small business loan. I even told the bank manager about the bankruptcy and he said it was a non-issue, and they've given loans to those who had a bankruptcy just 5 years old. Then I got the call saying that the answer is no because CHASE "took a loss" with me with the 10 year old bankruptcy. Apparently one of the cards that was a part of the bankruptcy was a SLATE card from chase. I had no idea, as it was so long ago. So even though my credit is fantastic, I just moved all my accounts/business to CHASE (I was ready for a new bank and their new location is right next to me), they can "never help me" with credit, because they "took a loss." Is this right/ok?? I thought once it was off my credit report I was good to go... Anyone hear of this?
    Thanks in advance for any insight.

  2. #2
    Join Date
    Mar 2013
    Posts
    18,340

    Default Re: Can a Bank Continue to Consider a Bankruptcy After it Falls Off of Your Credit Re

    As long as the bank is not attempting to collect the debt (they aren't) the bank can deny you credit for any reason as long as it doesn't violate any anti-discrimination laws (it doesn't).

    Find another bank.

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