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Senior Contributor
score_building
Posts: 3,577
Registered: ‎01-10-2008
0

Re: Amex BK friendly at all??


txjohn wrote:

AMEX has no tolerance for major derogs.

 


generally they appear not to...  my only negs are fairly old lates on an SL as late as 90 days about 5-6 years old depending on which cbr (IIRC anything 90 days or more is considered a mjr derog) and was approved for two amexes in '07, things have changed since then but depending on the type and the age of the derog and other factors perhaps MMV.

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
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newstart2010
Posts: 670
Registered: ‎01-08-2010
0

Re: Amex BK friendly at all??

I just had a convo with Amex about my past accounts, checking to see if they will re-age me if I open an account with them.  The woman said that major black marks will not go over well.  They do not like bankruptcies, or open judgements, and they do not like anything bad in the last 2 years. 

 

US Bank states on their website when you apply that they do not approve if you have a bankruptcy.  

I live my life like I type, fast and with a lot of mistakes.
11/01/2014 || FICO TU: 610 EXP: 601
11/11/2014 || FICO TU: 659 EXP: 657
Util: 3% || Fingerhut $1000, Dillards $400, Credit One $500, Target $800, USAA $1000, Pier 1 $900, Best Buy $1500, Wells Fargo $1000
Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008
0

Re: Amex BK friendly at all??


score_building wrote:

txjohn wrote:

AMEX has no tolerance for major derogs.

 


generally they appear not to...  my only negs are fairly old lates on an SL as late as 90 days about 5-6 years old depending on which cbr (IIRC anything 90 days or more is considered a mjr derog) and was approved for two amexes in '07, things have changed since then but depending on the type and the age of the derog and other factors perhaps MMV.


 

While a 90 is bad, I was really referring to the majors of:  BK, Judgements/Liens, CO's & CA's.  A CA is worse than late because it went late and then finally to outside collections, often meaning the account may have been charged off.

 

Lates tend to be less issue the older they get.  In your case, they are getting close to dropping at 6 years.  If the report is clean since then, they will be less influencing.  If you had more recent lates, then the older lates in combination would have more issue showing a "trend" over time of paying late.

 

 

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09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549

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