04-27-2014 11:55 AM
Below is a brief summarization of my credit report and I was curious as to, if I was to apply for an AMEX, what would my chances be for approval.
AAoA: 5 months (Due to a defaulted CC from 2006 dropping off report, AAoA tanked. Oldest card is 1yr, 5months)
Total Utilization: 26%
Total Credit Limit: $8,100
Total Accounts: 6 (One opened in November 2012, paid on-time 100%, five cards opened February 2014, 100% paid on time) --- Three successfully paid-off installment loans, all which were paid on time (lease-to-own items that reported)
No baddies, no derogs (Has one defaulted credit card from 2006 that should have dropped off since February)
**Not sure if this counts, but one auto-loan, remaining balance $7.1k, paid 100% on time since August 2013
Hard Inquiries: 12 Inquiries (I know, slightly high, but this has to due with my recent app spree from 02/2014, plus a few other random inquiries over the last two years.)
So...any suggestions on my chances for AMEX approval should I apply in four more months as I was advised to try again after six months back in 02/2014 cause I applied for AMEX and was declined due to inquiries and new credit. Does this still resemble sound advice?
04-27-2014 12:11 PM
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