Hey guys, I just wanted to share a photo with you to give you guys some hope. About 15 months ago, I was making a settlement with Amex because they sued me in court for the amount I owed them (wasn't a huge amount and was frankly kid of surprised they filed suit as it was only $12K). I figured I probably screwed up having any kind of decent relationship with Amex for a long time. But I had two accounts with Amex that went into default: one was for the $12K they were suing me over and there was another card with just a $1,000 balance. I handled that seperately and an Amex rep said they'd give me the Optima card if I paid that one off in full. So figuring that was my way back in the door with Amex, I figured out a way to pay the full $1,000 and paid that card off in full.
Fast forward a year later. I used the Optima card very conservatively and always paid it off in full each month. Then, a couple of weeks ago I called Amex to ask if they could covert my Optima to a Blue card (as I've heard others have done in the past). Turns out I was told that I'd have to apply seperately for it, but I wouldn't be approved for any other Amex product while the Optima account was open. So I cancelled the card. And yet, at the same time, the rep cautioned me while I was cancelling it that there's no guarantee I'll be approved for another Amex product. I took the risk.
A few days later (waited a few days to make sure the account cancellation made it through their system fully), I applied for the Amex Platinum card. I honestly thought my chances of getting approved were slim. 60 seconds later, the online page said I was approved! WOW!
Talk about a come back... I had a 605 FICO 15 months ago and couldn't get approved for credit to buy so much as a cardboard box. Now I have an Amex Platinum (as well as a few other credit cards with limits totalling over 50K).
There is hope guys! I just wanted to post this so you guys who are where I was 15 months ago know that with enough work and sheer determination, you CAN repair your credit in a pretty short amount of time and get it back up to the higher levels where you don't get turned down for credit!
Don't give up!
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