I'm on Amex's blacklist for a charged off balance that I am currently paying back and will be finished with next month. I don't think I will apply for a card with them right away after paying it off either, might wait until late 2013.
I don't know if you would call it being on the blacklist, but BofA won't open a credit line for me just yet because I have two PIF closed accounts with them that were from two years ago. According to the recon rep they want to see a longer length of good credt use before they offer me credit again.
Starting Score: EQ 675 | TU 688 | EX 702
@sjt wrote:
@iCoop wrote:I'm on Amex's blacklist for a charged off balance that I am currently paying back and will be finished with next month. I don't think I will apply for a card with them right away after paying it off either, might wait until late 2013.
I don't know if you would call it being on the blacklist, but BofA won't open a credit line for me just yet because I have two PIF closed accounts with them that were from two years ago. According to the recon rep they want to see a longer length of good credt use before they offer me credit again.
After you pay off Amex, you should inquire about the Oasis Recovery Program.
They offered the Oasis a few years back right before I settled but I wasn't interested at the time. I would try it now but with the inability to secure another one of their cards until off of the oasis program doesn't seem to make much sense to rebuild my credit. I already have two prime cards, a mortgage, and an auto loan that are building my credit and this TL in question with Amex is not reporting on any of my credit reports. So I figure I will just pay it off next month, let the wound heal for about a year and then maybe attempt to secure a better Amex card with my score being in the mid 700s.
@sjt wrote:
@iCoop wrote:
@sjt wrote:
@iCoop wrote:I'm on Amex's blacklist for a charged off balance that I am currently paying back and will be finished with next month. I don't think I will apply for a card with them right away after paying it off either, might wait until late 2013.
I don't know if you would call it being on the blacklist, but BofA won't open a credit line for me just yet because I have two PIF closed accounts with them that were from two years ago. According to the recon rep they want to see a longer length of good credt use before they offer me credit again.
After you pay off Amex, you should inquire about the Oasis Recovery Program.
They offered the Oasis a few years back right before I settled but I wasn't interested at the time. I would try it now but with the inability to secure another one of their cards until off of the oasis program doesn't seem to make much sense to rebuild my credit. I already have two prime cards, a mortgage, and an auto loan that are building my credit and this TL in question with Amex is not reporting on any of my credit reports. So I figure I will just pay it off next month, let the wound heal for about a year and then maybe attempt to secure a better Amex card with my score being in the mid 700s.Another member was going to investigate and confirm if you are able to apply for another Amex product while having an active Oasis card. If that ws the case then you should inquire about the card. If your utilization rate is low and you score is upper 600's or higher, then you can probably get a charge card, which will be good for age.
For the most part I've seen on this forum and others that the Oasis blocks you from applying for other cards but some people have managed to slip through the cracks. Currently my utilization on revolving credit cards is at 0% unless you include this card which takes it up significantly and my score is hovering around 660 due to some recent HP's and new accounts being opened.
@iCoop wrote:I'm on Amex's blacklist for a charged off balance that I am currently paying back and will be finished with next month. I don't think I will apply for a card with them right away after paying it off either, might wait until late 2013.
I don't know if you would call it being on the blacklist, but BofA won't open a credit line for me just yet because I have two PIF closed accounts with them that were from two years ago. According to the recon rep they want to see a longer length of good credt use before they offer me credit again.
Same story for me with BOA. I have 3 accounts (two of which were former MBNA that BOA took over). Its been about 2 years since i paid all of them off in full. Still got declined last Nov for a 1-2-3 card stating they needed to see more history.
