Frequent Contributor
randeman
Posts: 259
Registered: ‎12-13-2012
Re: Pay charged off AMEX?

McArthur wrote:

randeman wrote:

McArthur wrote:

Open123 wrote:

McArthur wrote:

resilient wrote:

I know I'm late but I was blacklisted from a 2002 unpaid charge off I applied for a BCE back in November and was denied. Denial letter said "reason for denial-American Express previously closed your account". It was also a hard pull.


Ouch!  That sucks!

 

Every time my brother applied they shot him down with the same reason, but always without a hard pull.  Then he applied in December and approved after ID verification. 


Amex certainly does "forgive" bad debts, but just not sure how they decide whom or what amount to forgive.  On the other hand, for some are still on the list after 30 years over a relatively small charge off of $650.

 

 


There seems to be a lot of forgiving going on these days.  I am thinking that getting smacked over the head by the CFPB et. al. lately has triggered something at AmEx.

 

I know they didn't use loss amount in my brother's case.  Their loss was over $150k so you would think that would be the last person in the world to forgive.


That's amazing.  I can't imagine charging up that much!  What the heck did he use it on?


He didn't use it.

 

It was a case of identity theft, but AmEx wouldn't accept that.  Even though the ID thief was arrested, convicted and made complete restitution AmEx had my borhter blacklisted for over 20 years.  Go figure.


That explains it, then.

Experian Score: 689--Amex 27 July 2014; Equifax Score 680--MyFICO--17 September 2014; TransUnion Score 718-Discover 20 August 2014--PUH-RAISE JESUS, I finally broke 700!!! Cards and Credit Lines: Escape by Discover, Chase Freedom Signature Visa, Chase United MileagePlus Explorer Signature Visa, Chase Sapphire Preferred Signature Visa, Barclay's Holland America Visa, Citibank Custom Credit Line, Paypal Custom Connect Credit Line, Bloomingdale's, Macy's Premier Elite, Amazon Store Card, Lord & Taylor, Nordstrom, Discover It, and Gold Delta SkyMiles from American Express.