Credit Card Center Advertiser Disclosure†
05-27-2008 02:01 PM
05-27-2008 02:06 PM
05-27-2008 02:11 PM
05-27-2008 02:24 PM - edited 05-27-2008 02:25 PM
Creditaddict wrote:Yes there was just a great article in business week, money? I forget (I read them all)That in the past Amex has been untouched by market slumps because of there premier lending type customers, but in today's market Amex has taken on WAY to much Unsecured debt (there credit cards) people are starting to carry balances on there amex credit cards and although amex has always given very high limits, a big percentage of there customer never carried high balances so they never had to worry about it, but apparently there percentage of accounts now carrying balances is not looking good on there books. Basically they are now in a lending frame they have never had to deal with in the past it sounds like.
05-27-2008 02:29 PM
05-27-2008 02:42 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† 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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.