Reply
Regular Contributor
Posts: 171
Registered: ‎08-11-2007
0

Re: Confused and Ticked Off! at Amex

I am so upset :smileymad:
 
Great Credit is Sexy :smileywink:

May 2013 - TU 699 / EX 718 / EQ 737


Super Contributor
Posts: 8,183
Registered: ‎03-25-2007
0

Re: Confused and Ticked Off! at Amex

[ Edited ]


fevmlo wrote:
Have AmEx developed some new theory that anyone who monitors their own credit has a good chance of having an X% higher score than those who don't, and will also know only to ask for more credit when their scores are (perhaps artificially) inflated, and therefore blah blah blah? ie, if you check your credit regularly, you are BAD!!?? As in, trying to pull the wool over their eyes, or something...??

I doubt it - they sell a daily monitoring product!!  And they bpull EX as well
 
I don't know if they can really see soft pulls


Message Edited by MidnightVoice on 07-29-2008 07:19 PM
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Established Contributor
Posts: 991
Registered: ‎05-14-2008
0

Re: Confused and Ticked Off! at Amex

I've been an AMEX cardmember since 1980, and currently have 3 cards with them.  After all these years of never missing a payment I count 55 softs by AMEX over the last 3 years.  They don't discriminate based on length of relationship, or your history with them.  It doesn't bother me as I don't need further CLI's from them.  But cut them some slack, you are asking them to provide you unsecured credit.  They have every right to check up to make sure you are a good credit risk.  Too many young 'uns here expect high credit lines with skimpy, or sketchy, credit history.  Having many inquiries on your report raises a flag, it makes lenders wonder why you are seeking so much credit.  History shows that hyper activity in looking for credit is very often a precursor to financial difficulties.
 
Start small, charge often, and PIF, but let the AMEX account age a bit before you charge in wanting further CLI's.  Six months or a year is not nearly enough with AMEX to make them comfortable with you.  You can't rush time.  
Regular Contributor
Posts: 171
Registered: ‎08-11-2007
0

Re: Confused and Ticked Off! at Amex

Thanks for your imput Watchmann and congrats in your history with AMEX, however, If you read my post, I am pulling my own report. 
 
I am not apping for cards weekly--just monitoring my credit.
 
Thank you.
Great Credit is Sexy :smileywink:

May 2013 - TU 699 / EX 718 / EQ 737


Established Contributor
Posts: 640
Registered: ‎03-28-2008
0

Re: Confused and Ticked Off! at Amex

[ Edited ]

Watchmann wrote:
I've been an AMEX cardmember since 1980, and currently have 3 cards with them.  After all these years of never missing a payment I count 55 softs by AMEX over the last 3 years.  They don't discriminate based on length of relationship, or your history with them.  It doesn't bother me as I don't need further CLI's from them.  But cut them some slack, you are asking them to provide you unsecured credit.  They have every right to check up to make sure you are a good credit risk.  Too many young 'uns here expect high credit lines with skimpy, or sketchy, credit history.  Having many inquiries on your report raises a flag, it makes lenders wonder why you are seeking so much credit.  History shows that hyper activity in looking for credit is very often a precursor to financial difficulties.
 
Start small, charge often, and PIF, but let the AMEX account age a bit before you charge in wanting further CLI's.  Six months or a year is not nearly enough with AMEX to make them comfortable with you.  You can't rush time.  





I don't think people here are talking about 'seeking so much credit' - they are talking about monitoring their own credit. THAT kind of inquiry. Plus the kind of inquiry that isn't initiated by them at all - either in the seeking of new credit or the checking of their own credit scores, but in the scouring of credit files for suitable new customers by 'certain' (*cough* Capital One! *cough*) CCCs.

We all know that 'many inquiries' of the 'seeking new credit' kind looks bad, just as we know that you've been an AmEx customer since 1908 or thereabouts. But the OP was told that despite not actually having any hard pulls on their file from having applied for any new credit in the last six months, they have too many inquiries in the last six months. What kind of inquiries is AmEx referring to, then? If AmEx thinks the OP is being an impertinent 'young'un' in daring to ask for a CLI without having been a customer since 1908 or thereabouts, then they should just say 'no, you shouldn't ask for CLIs too soon', or similar... not complain about inquiries that either don't exist or are a worrying sign of their finding something new to penalize customers for. (Daring to check their own credit - imagine, the sheer audacity of it!)

Message Edited by fevmlo on 07-29-2008 08:42 PM
EQ: 723 / TU: 760 (August 2009)
Moderator Emerita
Community Leader
Epic Contributor
Posts: 28,098
Registered: ‎04-01-2007
0

Re: Confused and Ticked Off! at Amex


inquring_minds wrote:

I requested a CLI from Amex today and was declined. Amex says that there have been too many requests for credit within the last six months.

I HAVEN"T APPLIED FOR ANY CREDIT SINCE DECEMBER.

I spoke with a rep in the CLI dept of Amex and she indicates that SOFT inquiries are counted and have impacted their decision.

How can this be? I am monitoring my own credit report (I use TrueCredit) and pull weekly? Have I caused myself harm?



Have you by any chance been checking out the AmEx pre-approvals site? (If you've already answered this, I apologize --I didn't see it.)
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Valued Contributor
Posts: 1,998
Registered: ‎03-31-2008
0

Re: Confused and Ticked Off! at Amex



fevmlo wrote:

I don't think people here are talking about 'seeking so much credit' - they are talking about monitoring their own credit. THAT kind of inquiry. Plus the kind of inquiry that isn't initiated by them at all - either in the seeking of new credit or the checking of their own credit scores, but in the scouring of credit files for suitable new customers by 'certain' (*cough* Capital One! *cough*) CCCs.

We all know that 'many inquiries' of the 'seeking new credit' kind looks bad, just as we know that you've been an AmEx customer since 1908 or thereabouts. But the OP was told that despite not actually having any hard pulls on their file from having applied for any new credit in the last six months, they have too many inquiries in the last six months. What kind of inquiries is AmEx referring to, then? If AmEx thinks the OP is being an impertinent 'young'un' in daring to ask for a CLI without having been a customer since 1908 or thereabouts, then they should just say 'no, you shouldn't ask for CLIs too soon', or similar... not complain about inquiries that either don't exist or are a worrying sign of their finding something new to penalize customers for. (Daring to check their own credit - imagine, the sheer audacity of it!)

Message Edited by fevmlo on 07-29-2008 08:42 PM

1908 lol..............lol


Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


Take the FICO Fitness Challenge
Regular Contributor
Posts: 171
Registered: ‎08-11-2007
0

Re: Confused and Ticked Off! at Amex

Thank you fevmlo!
Great Credit is Sexy :smileywink:

May 2013 - TU 699 / EX 718 / EQ 737


Regular Contributor
Posts: 171
Registered: ‎08-11-2007
0

Re: Confused and Ticked Off! at Amex

Hi Hauling,
 
No I haven't checked the pre-approval site.
Great Credit is Sexy :smileywink:

May 2013 - TU 699 / EX 718 / EQ 737


Moderator Emerita
Community Leader
Epic Contributor
Posts: 28,098
Registered: ‎04-01-2007
0

Re: Confused and Ticked Off! at Amex

Well, we've heard before about AmEx giving flat-out lies when asked why they did something, and then blandly spin their way through when confronted. (See ducky's first posts about his AA.) So it's always possible that the CSR was either making it up or lying through her teeth.

Which credit monitoring product(s) do you use? And have you gone to any other site (BofA) etc to play with pre-approvals?
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.