01-20-2010 12:52 PM
01-20-2010 12:54 PM
01-20-2010 01:26 PM
Closed accounts, especially those closed a substantial period of time ago, generally cannot be "re-opened" and you will have to re-apply for a new account. AMEX is the exception, in that if you apply and are approved, you should get your original account date because they use "membership" date, not account date.
01-20-2010 01:58 PM
01-20-2010 03:04 PM
Yes, as long as you were in good standing. If you defaulted, CO'd or BK'd, they won't give you a new account no matter how long ago it was or if it is currently reported on CR.
If you opened your original account in 1982 and it closed in good standing, then your new account(s) will show that as your date. So if you end up with several AMEX accounts, each will do the same.
I don't remember which forum member it was, but they have around 6 AMEX accounts strictly because of the age it adds to their CR's and FICO because of their "member since" date being well aged.
01-20-2010 04:26 PM
01-20-2010 05:29 PM - edited 01-20-2010 05:31 PM
01-20-2010 05:48 PM
What's keeping your scores down? In other words, what's on your reports that would alarm American Express?
One thing to keep in mind, that deal with "member since" dates will still be there when your scores improve. When the time comes, I'd recommend starting with a Green card. That's the lowest risk card for them, and if you're willing to pay the $95 annual fee, or whatever it is these days, you'll pick up that history. You can then close it 11 1/2 months later, before paying the fee again, and get a Blue, etc., assuming that your scores have continued to rise.
But I would definitely hold off until your scores are in the 670 range. It's very useful that you haven't burned AmEx, because with very few exceptions, they never, ever forget.
eta: sorry, I hope that didn't sound snarky. I can see that you've already made good progress with your scores. I'm multitasking, and not very effectively, I think!Message Edited by haulingthescoreup on 01-20-2010 05:31 PM
Yes hauling you are constantly snarky and snippy with people.
01-20-2010 05:51 PM
01-21-2010 04:51 AM
snark away! I can take it.
the stuff on our credit that is holding us back are several open and charged off collections. they are old, but there. i am working on trying to get them off completely. We also have no revolving credit because we have not been able to get any for the past 10 years. i just recently opened a new millennium visa and mastercard, and we are getting the app in the mail for the secured usaa card. that will give us the revolving credit we need to boost the score, and all of our baddie trade lines have PFD and DV letters into them. Eventually, hopefully, we will have most deleted and the rest just paid and closed (i know it doesn't help the credit, but if I can't get it deleted I at least want it resolved.)
We were originally members since 1995. We had our cards with Amex till 1998. I can't remember if we were ever late, but we closed it out in good standing. I called to check and they said that because of the time period we would need to apply, and then once we got the cards we would then need to contact member services and request the account be re-aged. Its nice to know they are willing. And yeah, my plan is to start with the green card, then get a few other Amex products when possible. I'd love to have the USAA amex. That would be nice. Ah, to dream... lol
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.