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Teletrack and AMEX**update**7/26

Regular Contributor

Teletrack and AMEX**update**7/26

 I applied for AMEX zync last month and was denied. The reasons were my teletrack charge off accounts, charge offs/collections, and score not high enough(675). So i just got my report this week and it says I have 2 paid charge offs that I dont recognize for $439 and $239. I put in a dispute and dont have any other negatives on teletrack, I just paid off my 2 charge offs on experian report. The teletracks charges off's will fall off next year sometime, so should I just wait for them to fall off before I reapply.  I am not looking to apply until about another year so I can get a higher score.

Current 3B scores Dec 2016: EQ: 794 TU: 785 EX: 755
Mortgage scores Dec 2016: EQ: 744 TU: 748 EX: 743
2017 Goal: reduce debt and purchase first home
Total credit lines: 112K
Message 1 of 10
9 REPLIES
Super Contributor

Re: Teletrack and AMEX

 

Others have had issues with Teletrack when applying for an AMEX as well - This thread has several links to others who have had similar issues:   http://ficoforums.myfico.com/t5/Credit-Cards/Amex-declined-with-BK/td-p/1480870

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 2 of 10
Valued Contributor

Re: Teletrack and AMEX


cd2004 wrote:

"...so should I just wait for them to fall off before I reapply.  I am not looking to apply until about another year so I can get a higher score."


You might be wise to wait until they fall off because, I am not sure how you deal with Teletrack in order to get anything removed from their report, ESPECIALLY, if you aren't going to be applying for anything for another year anyhow. 



Husband's Current Score: EX 691 CUSC; EQ 694; TU 687; Mine: EX 773 (AMEX); EQ 720; TU 750
Wallet Contents: SECURED: Capital One Platinum Mastercard, US Bank Harley Davidson Visa, USAA Bank American Express;
UNSECURED: Chase Freedom; USAA Cash Rewards World Mastercard, Discover More, CUSC Platinum Rewards Visa, American Express Zinc, American Express Blue Cash Preferred, Amazon Card, Walmart Discover Card
Message 3 of 10
Super Contributor

Re: Teletrack and AMEX


pizzadude wrote:

 

Others have had issues with Teletrack when applying for an AMEX as well - This thread has several links to others who have had similar issues:   http://ficoforums.myfico.com/t5/Credit-Cards/Amex-declined-with-BK/td-p/1480870


Those were those threads I posted yesterday:

 

http://ficoforums.myfico.com/t5/Credit-Cards/AMEX-and-Teletrack/td-p/1289927

http://ficoforums.myfico.com/t5/Credit-Cards/American-Express-Blued-denied-also/td-p/943034

 

 

Ron.

Message 4 of 10
Senior Contributor

Re: Teletrack and AMEX


discernment wrote:

cd2004 wrote:

"...so should I just wait for them to fall off before I reapply.  I am not looking to apply until about another year so I can get a higher score."


You might be wise to wait until they fall off because, I am not sure how you deal with Teletrack in order to get anything removed from their report, ESPECIALLY, if you aren't going to be applying for anything for another year anyhow. 


LOL I have a count down for mine to fall off 386 days

Message 5 of 10
Regular Contributor

Re: Teletrack and AMEX

thanks everyone. I was trying to search here on how to file a dispute with teletrack. I told the rep I spoke with that I wanted to dispute and she said is the address listed one of my old addresses and I said  "yes" and she just said she will send an email to the company asking what type of account. I think I will just wait for them to fall off.

Current 3B scores Dec 2016: EQ: 794 TU: 785 EX: 755
Mortgage scores Dec 2016: EQ: 744 TU: 748 EX: 743
2017 Goal: reduce debt and purchase first home
Total credit lines: 112K
Message 6 of 10
Valued Contributor

Re: Teletrack and AMEX

BTW, a lot of Teletrack's data comes from payday loan industry.  If you have chargeoffs on Teletrack, it is probably related to that.  Teletrack is a "negative" database, meaning they store don't track history as much as track any negative information on accounts.  Forgot to mention, my old corporate parent owns Teletrack and I've met the senior guys there.  Didn't realize that started selling to AMEX though.

               LIMITS IN CARD DESCRIPTIONS
Message 7 of 10
Regular Contributor

Re: Teletrack and AMEX

So I received my dispute letter yesterday and both items were removed from Teletrack...yaaayy!.. Now my teletrack is clean. I can work on my other denial reasons over the next year:

  • decrease my 21% util
  • let my accounts age,
  • let all these inq fall off from car shopping in the last 8 months
  • let the old paid charge-offs fall off my report( since they will not GW delete them)
Current 3B scores Dec 2016: EQ: 794 TU: 785 EX: 755
Mortgage scores Dec 2016: EQ: 744 TU: 748 EX: 743
2017 Goal: reduce debt and purchase first home
Total credit lines: 112K
Message 8 of 10
Frequent Contributor

Re: Teletrack and AMEX

I was running 42% Util when my teletrack stuff came off. Applied for the AMEX BCE and was immediatly approved for 7K

 

As always YMMV 

 

Good Luck!

 

 

 

Scores: EQ (FICO) - 730 | EX (FICO) - 722 | TU (FICO) - 713 - 06/25/2014



US Airways MC (5 K) | US Airways World MC (10 K) | Chase United Airlines Sig VISA (5K) | BOA Rewards Sig Visa (10K) Citi Dividend Plat MC (5.6K) | Discover Miles (6.6K) | AMEX BCE (7 K) | AMEX Plat Delta (11 K) | BOA PLAT (7.5K)


Message 9 of 10
Established Contributor

Re: Teletrack and AMEX**update**7/26

I also applied and was denied in June due to teletrack. I recieved my report and it is a cash advance from sometime in 2000/2001 (I say this because I have not lived in Ohio or did any type of cash advance since 2001), but they have it listed as 2006!!!

100% Ficos: EX 780 , TU 783, EQ 776 inquiries last 2 years/1 year/6 months: EX-0/0/0, TU-0/0/0, EQ-1/0/0~ last credit card app 6/24/13- New car loan 3/8/2014- Discover IT $12,500~Kohls $1000~Amex BCE $4000~ Walmart Discover $7500~NFCU Signature CashRewards $23,300 Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $3800~ Amazon Store $7000~ Fingerhut $1050
Message 10 of 10