American Express

[tbc]

Hi everyone. Long time. Hope all is well. Question to myfico experts.

Getting recent Amex invitations with RSVP codes. Been rebuilding for a couple of years.

Currently still in the low 600s high 500s. On credit

I have a couple high balances on my nfcu. Husband in army and stationed overseas. Had to buy some tix home and put on cc. Those should be paid down back to 0 mid June.

What do you guys think. Value all your knowledge. When I started this journey. Never thought a fico score could be so low. Mine was.

Rebuilding takes a while with dedication and diligence. Basically just doing the right thing all the time.

Hubby been getting several invites to apply too. We don't want any pulls on his credit. His is way better than mine. He's up for security clearance in a few months and we just need to be careful and do the right thing.

Would love to have an Amex instead of the prepaid one, But hey. I can wait.

Thanks for any and all information and have a great day.

[LS2982]

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@tbc wrote:
Hi everyone. Long time. Hope all is well. Question to myfico experts.

Getting recent Amex invitations with RSVP codes. Been rebuilding for a couple of years.

Currently still in the low 600s high 500s. On credit

I have a couple high balances on my nfcu. Husband in army and stationed overseas. Had to buy some tix home and put on cc. Those should be paid down back to 0 mid June.

What do you guys think. Value all your knowledge. When I started this journey. Never thought a fico score could be so low. Mine was.

Rebuilding takes a while with dedication and diligence. Basically just doing the right thing all the time.

Hubby been getting several invites to apply too. We don't want any pulls on his credit. His is way better than mine. He's up for security clearance in a few months and we just need to be careful and do the right thing.

Would love to have an Amex instead of the prepaid one, But hey. I can wait.

Thanks for any and all information and have a great day.

---

The preapprovals you receive in the mail are not guaranteed. And your FICO in the low 600s would more than likely be a denial. Do you have recent baddies on your file?

[drkaje]

I'd repair, pay down balances, and hold off on apping until having better odds at approval. That being said, Amex uses other factors besides scores so you never really know.

[tbc]

Hi thanks

I have been in the garden for approx 1 year. I got navy, cap one and bbrz. Don't need anything else.

No recent baddies

According to simulator when I pay those off my score should significant jump. C'mon June 14th.


Appreciate your input.

[enharu]

what kind of baddies do you have on file? unpaid / paid collections? charge-offs?

Anyhow since you said most of the balances will be paid down, wait till they update and you should see a decent jump in your scores.

Best of luck!

[tbc]

Just a fp from 6.5 yrs ago

[enharu]

what's FP? :/

First Premier? You have a collections from them?

[Repo-ed]

I snagged my first amex with a 620, though it was a ZYNC w/ NPSL - amex none-the-less.

Get all scores out of the 500's with a bit more gardening and you'll fast track to multiple amex accounts like myself and many others here.

[LS2982]

I would say garden for 6 more months then go for a charge card, make sure your overall util. is below 10%.

[tbc]

Yes. They refuse to pay for delete Its from 2006.