@taxdoc wrote:Are there any data points on myFiCO for users who've paid IIBs (through Oasis or directly) and got back in under 10 years? My prior search only evidences the following incidences: (1) 5+yr DC BK where AMEX was not IIB'd OR (2) 15+yrs DC BK that was IIB'd (and IIB account was not repaid).
@pizza1 wrote:
They can't collect from you an acct that was IIB, BUT you can voluntarily pay anyone back you want to after your BK dc. Thats NOT against the law to do do. Its just against the law for a previous creditor to try and collect on an acct that was IIB.
With that said...AMEX knows this, and will offer Oasis to a select few if paid back.
I paid IIB as was let back in less than 10 years post BK. It should be noted that I had 3 cards with AMEX pre BK and only one was included. I would have kept it, but once they knew I filed the BK they closed it, so I amended and included them.
OP think hard and long. It depends on how much. For me it was worth it because I needed to use AMEX for work related travel. We'll see how it goes, but so far so good. And I've nearly made back what I paid them in sign up bonuses on 3 cards 
@Kidcat wrote:
@taxdoc wrote:Are there any data points on myFiCO for users who've paid IIBs (through Oasis or directly) and got back in under 10 years? My prior search only evidences the following incidences: (1) 5+yr DC BK where AMEX was not IIB'd OR (2) 15+yrs DC BK that was IIB'd (and IIB account was not repaid).
@pizza1 wrote:
They can't collect from you an acct that was IIB, BUT you can voluntarily pay anyone back you want to after your BK dc. Thats NOT against the law to do do. Its just against the law for a previous creditor to try and collect on an acct that was IIB.
With that said...AMEX knows this, and will offer Oasis to a select few if paid back.I paid IIB as was let back in less than 10 years post BK. It should be noted that I had 3 cards with AMEX pre BK and only one was included. I would have kept it, but once they knew I filed the BK they closed it, so I amended and included them.
OP think hard and long. It depends on how much. For me it was worth it because I needed to use AMEX for work related travel. We'll see how it goes, but so far so good. And I've nearly made back what I paid them in sign up bonuses on 3 cards
Thanks for sharing. I know YMMV but this is encouraging. The worse that can happen is that they say no but at least I know I settled the score with them. To your point, I will think on this more before any final decisions are made.
*cheers* to making up that "forgive me" payment in bonuses
Thanks
@sjt wrote:Call the global collection department . Ask them if you can get the Optima Card.
Heres a link to the numbers:
http://ficoforums.myfico.com/t5/Credit-Card-Applications/Backdoor-Numbers/td-p/408066
@taxdoc wrote:Thanks
@sjt wrote:Call the global collection department . Ask them if you can get the Optima Card.
Heres a link to the numbers:
http://ficoforums.myfico.com/t5/Credit-Card-Applications/Backdoor-Numbers/td-p/408066
Paying them off will get you off the blacklist and it goes a long way with Amex.
Be very careful! I was told paying one IIB you are responsible to pay off all creditors IIB. You can't pick and choose!
Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
@sjt wrote:
@coldnmn wrote:
Be very careful! I was told paying one IIB you are responsible to pay off all creditors IIB. You can't pick and choose!This is not true. Once your BK is discharged you have the right to pay any discharged debt of your choice.
I'll defer to the bankruptcy specialists on here, but my understanding during my own Chapter 7 was that once "in" bankruptcy - and immediately preceding it - you can't show preferential treatment to any creditors or the court could either 'unwind' the transaction or dismiss your petition entirely.
However, after your discharge you are welcome to pay anybody you wish, but can't be compelled to.
If I'm wrong about this (or something has changed) somebody please feel free to correct me.