@teenastie wrote:
@GregB wrote:Are you sure they pulled Equifax? I have never seen them pull anything except Experian except for a few cases where they pulled EX and then pulled another CRA in an attempt to get someone approved.
On all the approval and/or denial letters that I have seen the "Key factors that adversely affected your FICO score" section matches exactly the section on that person's EX FICO report. Those are FICO reason codes, not Amex. Amex may have additional factors that influence approval but I haven't seen any listed in addition to the FICO factors.
I do suspect that the FICO score they are using is the EX Beacon 9 Bankcard Industry card even though they are saying the range is 300-850 like a Classic FICO would be. The theoretical range of the BankCard Industry Score is actually 250-900 even though scores below 300 or above 850 don't seem to actually exist.
I've seen examples where Amex pulls all 3 CRs, Innovis and telecheck!
Yeah, AMEX pulled all 3 of my CR's.
@eparker wrote:Yea, I am waiting to get an Amex as well. Need to get my util down. Exp is not my best report, I think I am 642 or so with them. Gonna wait six months when I have all my Credit cards paid off, and see what happens. Guess I will shoot for the Zync first and see what happens.
Good luck! Let us know how it turns out. 
@zoe15 wrote:
@teenastie wrote:
Derogatory public record or collection filed.
Proportion of loan balances to loan amounts is too high.
Too many inquiries last 12 months.
Too many accounts with balances.To the best of your knowledge are these factors accurate on your EQ report?
If so:
How old is your PR/CA?
What is your current utl?
How many Inqs in the past year?
How may accts with balances?
How many total accts?
I have 2 paid judgements; one from 2007 and one from 2008
My current utilization is 16%; I only have one revolving CC w/ a $3000 CL
I have 4 accounts with balances: 2 student loans, 1 auto loan, and 1 revolving credit card (no lates)
I only have 4 open accounts; I have several closed installment accounts in good standing and my AAoA is 6 years
That one alone is bad, and may be the one factor that keeps AMEX away from you. May need to let those age a bit before trying again.
Have you considered having the judgements vacated since they have been paid? It may be worth looking into.
@zoe15 wrote:
@LS2982 wrote:
@zoe15 wrote:
@teenastie wrote:
Derogatory public record or collection filed.
Proportion of loan balances to loan amounts is too high.
Too many inquiries last 12 months.
Too many accounts with balances.To the best of your knowledge are these factors accurate on your EQ report?
If so:
How old is your PR/CA?
What is your current utl?
How many Inqs in the past year?
How may accts with balances?
How many total accts?
I have 2 paid judgements; one from 2007 and one from 2008
My current utilization is 16%; I only have one revolving CC w/ a $3000 CL
I have 4 accounts with balances: 2 student loans, 1 auto loan, and 1 revolving credit card (no lates)
I only have 4 open accounts; I have several closed installment accounts in good standing and my AAoA is 6 years
That one alone is bad, and may be the one factor that keeps AMEX away from you. May need to let those age a bit before trying again.
Yeah, that's what I'm thinking now, too. Oh, well. I'm learning a lot from these boards, and I hope to have the rest of my report looking as good as possible when the 2 judgements fall off. Thanks, everyone, for your help!
