Reply
Valued Contributor
oracles
Posts: 1,699
Registered: ‎08-18-2007

Re: AMEX Acct Review multiple soft hits

[ Edited ]

Doomkopft wrote:

 

It would be a big kick in the jaw if we were to accept this preapproval which may cause a domino effect and afterall get declined on preapproval, then credit limit decrease/credit limt chase me down on the blue, then cause a snowball effect to propagate across all accounts and bury the credit score.

This is mind boggling.


 

i think you are worrying to much. Keep doing what you have been doing and keep the util% low and you should be fine. You are doing everything right that you can possibly do, so why get yourself worked up over it. Enjoy what you have done so far.
Message Edited by oracles on 01-14-2009 01:23 PM
Moderator Emerita
Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007
0

Re: AMEX Acct Review multiple soft hits


Doomkopft wrote:

 

It would be a big kick in the jaw if we were to accept this preapproval which may cause a domino effect and afterall get declined on preapproval, then credit limit decrease/credit limt chase me down on the blue, then cause a snowball effect to propagate across all accounts and bury the credit score.

This is mind boggling.



I wouldn't accept the offer, but at the same time, AmEx has always been famous for one department not knowing what the others are doing. This was true even before their credit machete started swinging this past fall.

They need to have some sort of gi-normous corporate retreat where the marketing department can huddle up with the risk department and compare lists of who's being loved and who's being hated. Maybe they're trying to do this and scramble up the budget for it, and thus all the CLD's... :smileytongue:
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+