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Help!!!

Established Contributor

Help!!!

A four year old collection was removed off of my reports last week and today, another collection showed up from the same account! I was approved for zync over the weekend and i wonder if amex will close the account if they see this .... Please advise


Starting Score: MYFICO 12/30/15 -TU: 481, EQ:561, EX:532 - BK7 DISCHARGED 12/2015 - Current: 09/01/2016 TU:642 EQ: 651 EX: 646
NFCU cashRewards:$6200 QS:$1500 Merrick:$1200 Cabelas:$1000 SonyVisa: $500 JCrew:$850 Overstock:$850 Express: $1050 PaypalCredit:$2150 NAVCHECK:$10K
Message 1 of 37
36 REPLIES
Valued Contributor

Re: Help!!!

i hope they wont but they already approved your card and process everything .........they probably closed but only if they pull your credit report again Smiley Very Happy


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Message 2 of 37
Established Contributor

Re: Help!!!


nicholasyud wrote:

i hope they wont but they already approved your card and process everything .........they probably closed but only if they pull your credit report again Smiley Very Happy


lol.... don't they always review new accounts??? (soft pull)??? that would suck if they do..... well, i'd still get to keep the card for show.... lol... anyone else have any thoughts on this?????


Starting Score: MYFICO 12/30/15 -TU: 481, EQ:561, EX:532 - BK7 DISCHARGED 12/2015 - Current: 09/01/2016 TU:642 EQ: 651 EX: 646
NFCU cashRewards:$6200 QS:$1500 Merrick:$1200 Cabelas:$1000 SonyVisa: $500 JCrew:$850 Overstock:$850 Express: $1050 PaypalCredit:$2150 NAVCHECK:$10K
Message 3 of 37
Valued Contributor

Re: Help!!!

yo quickly used your card as soon as you receive it.......im sure they aint going to cancel your card if you had some balance on it Smiley Very Happy


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Message 4 of 37
Established Contributor

Re: Help!!!


nicholasyud wrote:

yo quickly used your card as soon as you receive it.......im sure they aint going to cancel your card if you had some balance on it Smiley Very Happy


lol, and if they do, would i get backdated in the future??


Starting Score: MYFICO 12/30/15 -TU: 481, EQ:561, EX:532 - BK7 DISCHARGED 12/2015 - Current: 09/01/2016 TU:642 EQ: 651 EX: 646
NFCU cashRewards:$6200 QS:$1500 Merrick:$1200 Cabelas:$1000 SonyVisa: $500 JCrew:$850 Overstock:$850 Express: $1050 PaypalCredit:$2150 NAVCHECK:$10K
Message 5 of 37
Valued Contributor

Re: Help!!!

 

 

 

 

i dont have one so that i dont know....but i guess they do....since i heard every1 on this forum state that....


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Message 6 of 37
Valued Contributor

Re: Help!!!


kobe2012 wrote:

A four year old collection was removed off of my reports last week and today, another collection showed up from the same account! I was approved for zync over the weekend and i wonder if amex will close the account if they see this .... Please advise


What is the date on the collection? is it still reporting with the old date, if it is old they will most likely ignore it, if its re-aged you have bigger problems. Zync are approved with multiple old collections on the report, i know from experience. 

Cards: Chase Southwest 20k & CSR 10k & CSP 10k & Freedom 6.6k & Amtrak/Freedom 4.6k, FNBO DISC 25.1k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 17k Commerce5.9k & Cash Forward 7.5k & Sams Club MC 10k, Paypal Extras MC 7.5k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5.9k, Walmart 10k, Citi Simplicity 9k, Discover IT 16k and a nice stack of store cards.
Last APP/HP 5/15/2017 Marcus Loan. 30k
Message 7 of 37
Valued Contributor

Re: Help!!!


jamesdwi wrote:

kobe2012 wrote:

A four year old collection was removed off of my reports last week and today, another collection showed up from the same account! I was approved for zync over the weekend and i wonder if amex will close the account if they see this .... Please advise


What is the date on the collection? is it still reporting with the old date, if it is old they will most likely ignore it, if its re-aged you have bigger problems. Zync are approved with multiple old collections on the report, i know from experience. 


+1 - if they do take adverse action, I woul simply give them a call and explain the situation.

 

Look at it like this, they want your "swipe fees" so it is to their advantage to have you as a card holder.

 

I think you will be fine in the long run. If it ends up you need to call them, just be honest about what happened.

Ray

** Every Card has a Job, and Every Card does its Job **
Message 8 of 37
Valued Contributor

Re: Help!!!

THAT HAPPENED TO ME! Well not a collection but an inquiry. I had one removed and got all excited only to have the same one appear again with the same date just a different name...they had to change the inquiry from Chase to JPM Chase...smh...

 

I think you're fine tho! They have no reason to pull your credit again if they've already approved your card!

As of 2017, rebuilding...
Message 9 of 37
Established Contributor

Re: Help!!!

It was a collection that was sold to another collection agency and it shows as most recent!!! opened 08/29/12!!! .... no other info was listed (original creditor, or DOFD from the OC).... am crossing my fingers that it won't affect my amex.... does anyone know if new negatives affect CLI on GE store cards???


Starting Score: MYFICO 12/30/15 -TU: 481, EQ:561, EX:532 - BK7 DISCHARGED 12/2015 - Current: 09/01/2016 TU:642 EQ: 651 EX: 646
NFCU cashRewards:$6200 QS:$1500 Merrick:$1200 Cabelas:$1000 SonyVisa: $500 JCrew:$850 Overstock:$850 Express: $1050 PaypalCredit:$2150 NAVCHECK:$10K
Message 10 of 37