11-16-2012 03:29 PM
My I ask how long ago the CO was ?
I have a sistuation where I had a green card back in 1992, then upgraded to gold in 1994, all **** hit the fan and had ruined my credit, badly. Had AMEX charged off for about 7k I think, it might have been less.
Never any contact, ever.... Not even with collection companies.
Of course life is way different today. Lots of good cards and limits.
I am almost ready to apply once all my existing new accounts hit 1 year, which will be in March 2013.
I am wondering if they will "find" me in the system from 1994 ?
And, what gain, if any will it do for me, I were to pay pack the CO. I have the money now to pay it now a days.
Is AMEX really worth it. Due to erasing my credit file(letting time clean it up), my AAoA is so so so low, can AMEX really help if I were to get an account backed dated over 20 years ?
Thank you for any input...
11-16-2012 08:05 PM
I am helping a family member with a similar situation. I called Amex on his behalf (called 800-700-7619), According to the backdoor numbers thread located on this forum this is the reserves department that handles closed accounts. Spoke with a very nice lady. Gave her the SSN and she pulled it right up. Account was settled for less than owed in the early 1990's. Gave me the exact amount owed ($2k) and told me that after a payment is made I will be in a good position to apply for a new card.
She stated that Amex updates accounts like this one on the 8th of every month. She said my account will reflect the payment 2 days after the 8th. My family member is planning to pay the amount owed at the end of the year. Will keep everyone updated. Hope this helps.
11-29-2012 09:55 AM - edited 11-29-2012 09:56 AM
UPDATE: I sent AMEX the check for the balance of the CO from 2005, and the check has cleared my bank account. I'm still waiting for the confirmation letter. If I don't get one by early December I will call the backdoor number again and check the status.
I also requested my CR from Teletrack last week which I should receive in the mail shortly. I understand that AMEX sometimes uses this report to calculate their in-house score. I'm going to compare the Teletrack report against the reports I pulled from the 3 CRAs this month and call Teletrack back to correct any mistakes. I read Teletrack doesn't update their reports as frequently as the big 3 CRAs, so baddies may be on there which should be removed.
Once I have some sort of confirmation the CO is in good standing and the Teletrack report looks good/similar to my other CRs, I am going to move forward with apping for an AMEX card. I read in the Optima/Oasis thread that I should wait 3 months, but I think if everything looks good I can app before the end of the year.
On a side note, one of the reports has an INQ from AMEX in 2010 for the Costco card. I would think if I was blacklisted the app wouldn't have been a HP? Or, because this was a co-branded product with Costco it goes through a different review process?
11-29-2012 07:31 PM
MORE UPDATES: The Teletrack CR was waiting for me in the mail when I got home from work, clean as a whistle. The only thing on it was the AMEX HP for the Costco card I applied for in Dec 2010. Of course I was denied the card at that time because I was still in the process of cleaning up my CR. But I'm wondering if I had been blacklisted for the CO if they would have just SP me and not done the HP. If someone knows let me know.
11-30-2012 03:11 PM
Wow, today has been insane! So I called the AMEX backdoor number to see the status of my account since I paid the balance of the CO. They said my account had been updated to PIF. I went to lunch, came back and decided to apply for the Green.
And...BAM! Approved for the Green instantly! So I decided to open another browser and try for the AMEX BCE. Went all the way through and got the 7-10 pending verification message. Bummer.
I went back to check the application status, and BAMARAMA!!! BCE APPROVED! HOLY S#!%!!!!! I am on cloud 11 right now! I need to call AMEX to get more info! But I want to thank this forum for guiding me and all the advice, I couldn't have done it without everyone here!!!
11-30-2012 04:08 PM
11-30-2012 04:16 PM
Amex BCE..... Best of the best.
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