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Established Member
CreditChallanged85
Posts: 11
Registered: ‎08-26-2011
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AMEX BCE 61 Day CLI

[ Edited ]

So I applied for the BCE Friday morning fully expecting to get turned down but to my amazement I was approved! So, I've been doing some research on the AMEX 61 day CLI standard and I have a few questions/concerns. I didn't realize it until after the fact but a huge portion of my debt was missing from my credit report. Long story short all Federal Stafford loans are transitioning from one service provider to another and it just happen to be that they were all zeroed out from the previous provider and the new provider hadn't yet started reporting thus making it look like the $56k wasn't there.

 

Fast forward to the terrible thought that crossed my mind, if on day 61 I ask for my 3x CLI AMEX will see a new loan for $56k and may very well decline my request but would it be possible for them to close the account? Should I just be greatful for the $2k limit I recieved and live to fight another day (in the very distant future)?

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myjourney
Posts: 26,129
Registered: ‎02-07-2013
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Re: AMEX BCE 61 Day CLI


CreditChallanged85 wrote:

So I applied for the BCE Friday morning fully expecting to get turned down but to my amazement I was approved! So, I've been doing some research on the AMEX 61 day CLI standard and I have a few questions/concerns. I didn't realize it until after the fact but a huge portion of my debt was missing from my credit report. Long story short all Federal Stafford loans are transitioning from one service provider to another and it just happen to be that they were all zeroed out from the previous provider and the new provider hadn't yet started reporting thus making it look like the $56k wasn't there.

 

Fast forward to the terrible thought that crossed my mind, if on day 61 I ask for my 3x CLI AMEX will see a new loan for $56k and may very well decline my request but would it be possible for them to close the account? Should I just be greatful for the $2k limit I recieved and live to fight another day (in the very distant future)?


All you can do is ask 

Won't know until you ask and if declined wait 6 months and ask again.

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


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bman86
Posts: 175
Registered: ‎06-28-2013
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Re: AMEX BCE 61 Day CLI

It's my understanding that they're going to see it anyways since american express is pretty good about consitently doing account reviews or soft pulls. I doubt they're going to close your account because it starts reporting again. I'm assuming you have good payment history on those loans and it shouldn't affect your over all util for revolving credit. IMHO.


Starting Score: 620
Current Score: EQ: 723 TU: 714 EX: 759 (Amex 6/28)
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gen-specific
Posts: 297
Registered: ‎02-27-2013
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Re: AMEX BCE 61 Day CLI

they already know

Citi Thank You Premier 60k, AMEX Blue 30k, Chase Sapphire Preferred 30k, BoA VISA Rewards 30k, Wells Fargo 30k, Barclays Arrival+ 20k, Citibank Custom Credit Line 12k, Macys/AMEX 2.5k/500

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