Reply
Frequent Contributor
ScarletFever
Posts: 322
Registered: ‎02-11-2008
0

AMEX keeps sending pre-approvals despite a charge past SOL

Okay. For the second time in a couple weeks, I received AMEX pre-approval letters for gold card. As I previously posted, I have an alleged $410 charge, way past SOL. Should I call and take care of both at the same time, pay the $410, then apply for the card, or just apply for the card? TU FICO around 715, EQ a little lower, don't know about Experian. Also have a couple 30-day baddies over three years old, 0% util, no collections, judgments, etc..but am disputing an incorrect DOFD on an old charge-off as we speak...thanks for any suggestions..

July 25, 2014: Trans Union-790, Experian-779; Equifax-774.

FAKOS, Aug 2014: Credit Karma-772; Credit Sesame-779; Credit.com-779.

AMEX EDP-15,000; AMEX BCP-11,500; US Bank Sig Visa-9000; Citi Diamond Preferred-7100; Citi Thank You-6500 Chase Freedom-6500 Discover Cashback Bonus-5700. Gardening until Jan 2014

Goals: 800's across the board; $100,000 in revolving credit. Eventually, compile enough cash to not care about credit scores.
Valued Contributor
ngerasimatos
Posts: 1,278
Registered: ‎06-01-2007
0

Re: AMEX keeps sending pre-approvals despite a charge past SOL

I would do nothing with that old account that has passed SOL, dont want to wake a sleeping dragon. Even though the SOL has passed, I sometimes think its best to let the past stay in the past. 

 

How does EX look as compared to your other to reports? 

Try not to become a man of success but rather to become a man of value
Albert Einstein 1879 - 1955

700 Club
Frequent Contributor
ScarletFever
Posts: 322
Registered: ‎02-11-2008
0

Re: AMEX keeps sending pre-approvals despite a charge past SOL

Don't have a recent report...TU my best score...but I know there is an incorrect DOFD on an old HSBC account I am disputing on EXP...score guesstimate..700? How might a sleeping dog awake?

July 25, 2014: Trans Union-790, Experian-779; Equifax-774.

FAKOS, Aug 2014: Credit Karma-772; Credit Sesame-779; Credit.com-779.

AMEX EDP-15,000; AMEX BCP-11,500; US Bank Sig Visa-9000; Citi Diamond Preferred-7100; Citi Thank You-6500 Chase Freedom-6500 Discover Cashback Bonus-5700. Gardening until Jan 2014

Goals: 800's across the board; $100,000 in revolving credit. Eventually, compile enough cash to not care about credit scores.
Senior Contributor
O6
Posts: 3,626
Registered: ‎10-13-2009
0

Re: AMEX keeps sending pre-approvals despite a charge past SOL


ScarletFever wrote:

Okay. For the second time in a couple weeks, I received AMEX pre-approval letters for gold card. As I previously posted, I have an alleged $410 charge, way past SOL. Should I call and take care of both at the same time, pay the $410, then apply for the card, or just apply for the card? TU FICO around 715, EQ a little lower, don't know about Experian. Also have a couple 30-day baddies over three years old, 0% util, no collections, judgments, etc..but am disputing an incorrect DOFD on an old charge-off as we speak...thanks for any suggestions..


It's not uncommon for those on the blacklist to get pre-approval offers in the mail.  When you apply, though, they will decline the application -- hopefully before they pull your credit report.

IAALBNYL
Frequent Contributor
ScarletFever
Posts: 322
Registered: ‎02-11-2008
0

Re: AMEX keeps sending pre-approvals despite a charge past SOL

That is what I thought....should I pay CO and wait, or ask to apply immediately?

July 25, 2014: Trans Union-790, Experian-779; Equifax-774.

FAKOS, Aug 2014: Credit Karma-772; Credit Sesame-779; Credit.com-779.

AMEX EDP-15,000; AMEX BCP-11,500; US Bank Sig Visa-9000; Citi Diamond Preferred-7100; Citi Thank You-6500 Chase Freedom-6500 Discover Cashback Bonus-5700. Gardening until Jan 2014

Goals: 800's across the board; $100,000 in revolving credit. Eventually, compile enough cash to not care about credit scores.
Established Contributor
Uniqua
Posts: 683
Registered: ‎04-05-2008
0

Re: AMEX keeps sending pre-approvals despite a charge past SOL

It may be well past SOL, but AmEx pretty much won't let you back in until you pay off that debt.  They used to have some program (Oasis?) that would help people get back in their good graces by slowing paying off what was owed.  I believe they also back-dated their new CCs with the date of the old CCs which gave them a pretty good AAoA on the CC.  Don't know the exact details, but do a search on it.

 

I think it's great that you want to pay back that debt.  If I were you I'd call up AmEx and explain what you want to do.  If they agree to it, have them put it in writing.  The last thing you want is for that debt to resurface on your CR because you paid it off.  They'll more than likely work with you, so give them a call.  Which CR are you disputing?  If it is EX, wait until your dispute is finalized.  I believe AmEx pulls EX exclusively, but also double check that as I may be incorrect. 


Starting Score: TU 723, EQ 708
Current Score: TU 796, EQ 743
Goal Score: TU 800, EQ 800


Take the FICO Fitness Challenge


Starting Score: 708
Current Score: 743
Goal Score: 800


Take the FICO Fitness Challenge
Frequent Contributor
ScarletFever
Posts: 322
Registered: ‎02-11-2008
0

Re: AMEX keeps sending pre-approvals despite a charge past SOL

 

Thank you for your insights.I am disputing EQ & EX. You make a good point, I don't want the debt to re-surface as paid, and am concerned. Whenever they"ve sent me these settlement offers, I do my due diligence and ask them to validate, which they never do. But, I would like to get it over with, and move on. Should I get something in writing? I"ve seen board members say Oasis has been discontinued...but I have gotten 3 gold card offers in the mail the past two weeks, and it is me itchy to do something...

July 25, 2014: Trans Union-790, Experian-779; Equifax-774.

FAKOS, Aug 2014: Credit Karma-772; Credit Sesame-779; Credit.com-779.

AMEX EDP-15,000; AMEX BCP-11,500; US Bank Sig Visa-9000; Citi Diamond Preferred-7100; Citi Thank You-6500 Chase Freedom-6500 Discover Cashback Bonus-5700. Gardening until Jan 2014

Goals: 800's across the board; $100,000 in revolving credit. Eventually, compile enough cash to not care about credit scores.
Valued Contributor
chasmith
Posts: 1,062
Registered: ‎05-26-2010
0

Re: AMEX keeps sending pre-approvals despite a charge past SOL

Are Gold Cards directly issued by Amex, or through other banks?  You could be getting offers from bamks for Amex branded cards, I don't know whether an Amex blacklist prevents the bank fromissuing you a Gold Card.

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
Goal Score: EQ 740 EX 740 TU 740
Take the FICO Fitness Challenge
Established Contributor
Uniqua
Posts: 683
Registered: ‎04-05-2008
0

Re: AMEX keeps sending pre-approvals despite a charge past SOL

Yes, definitely get it in writing that they won't report that payment on your CRs.  Just because they don't validate, doesn't mean they've forgotten that debt.  I do understand your concern and share your sentiments in wanting to get it paid and out of the way.  It's okay to be anxious every now and then, but don't be desperate as you may do something that may haunt you in the long run.  A settlement offer may look good, but don't do it unless you get in writing from AmEx that they won't report it and they'll open a new CC.  You may find some very good information on this board regarding this, but I believe your best answers will come from AmEx themselves.  Get on the phone with them and work something out.  Tell them you've had some financial trouble in the past but that you want to make things right with them.  For that small amount, I can't see why they wouldn't work with you.  They always want what is owed to them.  I think you have a good chance, just make sure those disputes are complete; and whatever AmEx offers you GET IT IN WRITING.   


Starting Score: TU 723, EQ 708
Current Score: TU 796, EQ 743
Goal Score: TU 800, EQ 800


Take the FICO Fitness Challenge


Starting Score: 708
Current Score: 743
Goal Score: 800


Take the FICO Fitness Challenge
Frequent Contributor
ScarletFever
Posts: 322
Registered: ‎02-11-2008
0

Re: AMEX keeps sending pre-approvals despite a charge past SOL

Thank you Uniqua. I plan to pay in full...it's only $411. I don't want to scare them off with demands of afgreements in writing. Should I wait to respond to pre-selected, or ask at the time of payment?

July 25, 2014: Trans Union-790, Experian-779; Equifax-774.

FAKOS, Aug 2014: Credit Karma-772; Credit Sesame-779; Credit.com-779.

AMEX EDP-15,000; AMEX BCP-11,500; US Bank Sig Visa-9000; Citi Diamond Preferred-7100; Citi Thank You-6500 Chase Freedom-6500 Discover Cashback Bonus-5700. Gardening until Jan 2014

Goals: 800's across the board; $100,000 in revolving credit. Eventually, compile enough cash to not care about credit scores.

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+