Reply
New Contributor
RashShakur
Posts: 57
Registered: ‎11-13-2011
0

Help ...?... I want a AMEX

[ Edited ]

I would like to first mention that I thank this board for giving me such a wealth of knowledge that I could never repay. I recently closed on my first house last week and I am so elated. It took me two years to get my scores where I wasn't embarrassed to say the numbers. It was all because of this board that I was able to close on my house and getting my credit to a better place.

 

My GOAL is to be 740+ across the board in fifteen months. With that being said let's get down why I POSTED.  I have one secured credit card (open 12/2011 with a 500 credit limit and no car loan.  The only two things reporting on my credit is one secured card and my student loans everything else is closed and as you can see I have lived without credit for awhile. If you need any additional information just let me know. I need another credit card, what do I qualify for?

 

Equifax 661

Transunion 646

Experian 660

 

Inquiries

Equifax       5 ( 2 of them will fall off 11/2013

Transunion 6 (5 of them will fall off 112013

Experian     4    (3 will fall off 11/2013

 

 

All lender pulled scores

 

I have 3  charge-offs

BOA- Balance 7500 (Paid half of the balance) Settled for less on CR .....Will fall of 3/2014 off CR

Macy's- Balance 1k(Paid  in full) .....4/2014 will fall off of CR

Capital One- 1500 (Paid 90% of the balance) Settled for less on CR..Will fall off of CR  9/2013

 

Auto Loan

BOA-9200 PAID IN FULL(Numerous late) Will fall off  12/2013

 

Paid tax lien ($889) paid 3/2009 only shows up on equifax  

2 Collections

Central financial 550( settle for less) They won't delete

Gym Membership  ( Paid in full) They won't delete (Only on transunion)

 

Student Loans 55k

Paid on time for the last 18 months

 I have 5 student loan trade lines that were late 4 times in each tradelines (tradelines are consolidated.

 

Valued Contributor
jamesdwi
Posts: 1,947
Registered: ‎09-16-2011
0

Re: Help ...?... I want a AMEX

If you want an AMEX, apply for a Charge card, they are pretty easy to get worst case is they deny you, they always pull EX for charge cards. Most of the stuff look old so hopefully they will ignore it. Apply for any charge card that has the first year Annual Fee waived perferably get the AP in before December 30th so you get a 2012 membership date that gives you the best chance at backdating on your next AMEX card. 

 

 


Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Zync NPSL, Sams Club MC 10k, Paypal Extras MC 6k, CapOne QS 2.5k, QS 750, Amazon 3.9k, Walmart 4.5k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 6.5k and a nice stack of store cards.
Last APP 4/26//2014 no plans for new credit I think I have enough.
Valued Contributor
Repo-ed
Posts: 2,954
Registered: ‎02-09-2012
0

Re: Help ...?... I want a AMEX

you need to apply for amex green charge, then delta gold - only, with those COs
Established Contributor
espnjunkie
Posts: 727
Registered: ‎12-14-2011
0

Re: Help ...?... I want a AMEX

I would suggest looking into a credit union or into a starter card like capital one newcomers. Right now the baddies will hurt you with prime lenders and you need to get some positive history under your belt. There is light at the end of the tunnel though. Another six months of all on time payments and adding another tradeline will help you out. Slowly but steadily your scores will creep up and in a year you should be feeling much more confident.

“The real measure of your wealth is how much you’d be worth if you lost all your money.” ~Unknown
Merrill+ Visa Signature ($25,000.00), Amex BCP ($29,700.00), Amex Green (NPSL), Capital One Quicksilver World Mastercard ($10,000.00), US Bank Business
TU-778 (04/28/2014))
EX (Plus) - 777 (10/21/2013)
EQ - 735 (April 2013)
Established Contributor
espnjunkie
Posts: 727
Registered: ‎12-14-2011
0

Re: Help ...?... I want a AMEX


Repo-ed wrote:
you need to apply for amex green charge, then delta gold - only, with those COs

I personally would not recommend applying for any amex cards right now as they are very sensitive to baddies. Apply once you are in a stronger credit position after 6-12 months

“The real measure of your wealth is how much you’d be worth if you lost all your money.” ~Unknown
Merrill+ Visa Signature ($25,000.00), Amex BCP ($29,700.00), Amex Green (NPSL), Capital One Quicksilver World Mastercard ($10,000.00), US Bank Business
TU-778 (04/28/2014))
EX (Plus) - 777 (10/21/2013)
EQ - 735 (April 2013)
Valued Contributor
MovingForward_2012
Posts: 3,406
Registered: ‎12-19-2012
0

Re: Help ...?... I want a AMEX

I have a 703 fico and I know AMEX won't approve me and I just have a 9 yr, 4 mo old Ch 7 on my report. I have a paid auto loan never late for 4 years, 13 yr old student loans also never late, 2 CCs - PIF or close to it: one is 3 yr old and the other is 6 mo old.

I barely got approved for the Chase Freedom last week. I know AMEX is tougher. I would try Capital One first.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! :smileyhappy: Last App: 4/5/13 Gardening until July 2014
Established Member
credit_monkey
Posts: 18
Registered: ‎11-19-2010
0

Re: Help ...?... I want a AMEX

I also would like an amex, but my scores are not there yet.  After I was declined for an amex green, they sent me an email with information about their prepaid card.  With the prepaid card, you can load it from your bank account as it depletes or you can set up a direct deposit (not more than 5k per month).  This prepaid card does not report to the credit bureaus, but after 6 months they may consider you for a charge/credit card with usage.  Just an FYI.  Seems like it might be getting a foot in the door.  I just signed up.




Starting Score: 646
Current Score: myfico eq 663, tu Walmart 676
Goal Score: 700


Take the myFICO Fitness Challenge

Member
4thmouse
Posts: 31
Registered: ‎10-24-2012
0

Re: Help ...?... I want a AMEX

Why Amex?

New Contributor
RashShakur
Posts: 57
Registered: ‎11-13-2011
0

Re: Help ...?... I want a AMEX

Thanks Jamesdwi-

 

I was  also thinking that a charge card would be my best option at this point. I was thinking should I wait until my  last tax lien to fall of my credit before I apply? I had a amex 10 years ago that was charged off but I paid it in full and it's no longer reporting on my credit.

 

Blogger
HiLine
Posts: 3,080
Registered: ‎10-19-2012
0

Re: Help ...?... I want a AMEX

Why don't you apply for a charge card right now? Worst case scenario is they deny you and you come back to apply in 6 months.


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}