topic Re: Amex CLI after BK removal in Credit Card Applications

Amex CLI after BK removal

Jeffster1 — Sun, 21 Jan 2024 20:13:54 GMT

With EE on my TU in September and EE on my EX as of today (1/21/24), does anybody know how long I have to wait until Amex will accept CLI requests from me? Keeping in mind that they don't consider CLI requests on accounts with a BK reporting, and because *I think* they look at EX for CLIs, how long until the removal of my BK percolates through to them?

Re: Amex CLI after BK removal

Johnmccoy2710 — Mon, 29 Jan 2024 21:34:43 GMT

I haven't seen a definate answer if Amex does or doesn't give CLI if you still have a BK showing on ur credit file

Re: Amex CLI after BK removal

cabledude27 — Wed, 07 Feb 2024 21:48:01 GMT

EDIT: I had the dates wrong; corrected below.

I have Platinum and Blue Cash Preferred with $1k line. Opened the Blue in June 2023 and Platinum in August 2023. Platinum was approved after sending in financial info.

I asked for my first CLI to go to the $2k limit on the Blue yesterday and was told no due to BK reported on my credit reports. I have a Ch 13 that I paid off and had discharged on May 2023, so I have to wait until April ~~2024~~ 2025 for it to be entirely off my credit report. It seems that a reported BK does affect CLI approvals.

I only use the Platinum for $200-300 to upgrade my business trips to 1st and pay it off. Blue is usually paid off regularly, and I only used it for my internet subscriptions, gas, and groceries for the points. Debt to income is only 1-2%, and I have a few other cards with balances less than $300-400, usually paid off monthly—credit lines totaling close to $15-17k all in. Good income etc.

It is disappointing as I feel like I paid my dues, and they are only hanging on the fact the BK shows still to say no even when I've demonstrated I have responsibly used credit.

Re: Amex CLI after BK removal

Johnmccoy2710 — Wed, 07 Feb 2024 15:50:11 GMT

I guess I don't understand. I mean they approve you and issue you a card(s) with a Bankruptcy on your credit file but won't give you a CLI with one on there. Just doesn't make sense in my opinion.

Re: Amex CLI after BK removal

cabledude27 — Wed, 07 Feb 2024 19:01:50 GMT

Yeah I agree makes no sense. I chatted in and the agent was very nice but legit didn't give me any details other than the standard answer they gave.

Re: Amex CLI after BK removal

jj10939 — Wed, 07 Feb 2024 19:19:41 GMT

I received a 3X CLI from AMEX yesterday on my BCE. OCL was $2,000 and received $6,000 new TCL! BK7 (8.5 years) reporting on all bureaus so you definitely may receive a CLI with a BK reporting.

Card has been opened for 15 months. All previous CLI requests were denied.

Re: Amex CLI after BK removal

pizzadude — Wed, 07 Feb 2024 19:27:28 GMT

@Johnmccoy2710 wrote:
I guess I don't understand. I mean they approve you and issue you a card(s) with a Bankruptcy on your credit file but won't give you a CLI with one on there. Just doesn't make sense in my opinion.

AMEX is known to keep people with major derogatory items on a short leash if they get approved, so it's not too surprising that they won't give a CLI in this situation. I didn't file BK but had numerous COs, once I finally made it into AMEX's good graces they approved me for a Zync charge card with a hard limit of $200 which they would never budge on.

Re: Amex CLI after BK removal

Horseshoez — Wed, 07 Feb 2024 19:48:46 GMT

@cabledude27 wrote:
I have a Ch 13 that I paid off and had discharged on May 2023, so I have to wait until April 2024 for it to be entirely off my credit report.

I'm curious, how is it your Chapter 13 will be falling off your credit reports only a year after your discharge?

Re: Amex CLI after BK removal

cabledude27 — Wed, 07 Feb 2024 19:59:19 GMT

It stays on for seven years from when you file for Chapter 13. So, I filed in April 2017, paid my repayments for 5 years and completed it, got my discharge in May 2023.

Re: Amex CLI after BK removal

Horseshoez — Wed, 07 Feb 2024 20:12:14 GMT

@cabledude27 wrote:
It stays on for seven years from when you file for Chapter 13. So, I filed in April 2017, paid my repayments for 5 years and completed it, got my discharge in May 2023.

So your discharge took six years? Did you have some kind of a COVID adjustment?

Re: Amex CLI after BK removal

cabledude27 — Wed, 07 Feb 2024 20:17:12 GMT

Chapter 13 discharge can only happen after completing the Chapter 13 payment program. I had to pay monthly for 60 months from my filing in April 2017. The last payment was made in April 2023.

Once I paid the last payment, the trustee did their audit, sent their info to the court, the judge reviewed the case, verified all payments made to the trustee, made sure I didn't under or over pay and then approved the discharge.

Re: Amex CLI after BK removal

Horseshoez — Wed, 07 Feb 2024 20:21:23 GMT

@cabledude27 wrote:
Chapter 13 discharge can only happen after completing the Chapter 13 payment program. I had to pay monthly for 60 months from my filing in April 2017. The last payment was made in April 2023.

Once I paid the last payment, the trustee did their audit, sent their info to the court, the judge reviewed the case, verified all payments made to the trustee, made sure I didn't under or over pay and then approved the discharge.

I'm still confused, from April 2017 to April 2023 is 73 months.

Re: Amex CLI after BK removal

Horseshoez — Wed, 07 Feb 2024 20:42:58 GMT

@cabledude27 wrote:
Chapter 13 discharge can only happen after completing the Chapter 13 payment program. I had to pay monthly for 60 months from my filing in April 2017. The last payment was made in April 2023.

Once I paid the last payment, the trustee did their audit, sent their info to the court, the judge reviewed the case, verified all payments made to the trustee, made sure I didn't under or over pay and then approved the discharge.

What I'm trying to say is, either you started your Chapter 13 in April of 2017 and got your discharge in 2022, or you actually filed in April of 2018, got your discharge in 2023, and will need to wait until Apil of 2025 before it falls off your records.

Re: Amex CLI after BK removal

Jeffster1 — Wed, 07 Feb 2024 21:06:39 GMT

@cabledude27 wrote:
Chapter 13 discharge can only happen after completing the Chapter 13 payment program. I had to pay monthly for 60 months from my filing in April 2017. The last payment was made in April 2023.

Once I paid the last payment, the trustee did their audit, sent their info to the court, the judge reviewed the case, verified all payments made to the trustee, made sure I didn't under or over pay and then approved the discharge.

@cabledude27 Something ain't right in your story.

@Horseshoez is correct.

Listen...I filed my 13 in April 2017, as well. It was supposed to end April 2022. That's 60 months. I converted my plan into a 100 percent plan in 2020 and paid the whole thing off. I got my DC in January 2021...well over a year early.

But I know what I know...I filed in April 2017 like you say you did ...and that April 2022 date was etched into my mind. Not April 2023.

Re: Amex CLI after BK removal

Jeffster1 — Wed, 07 Feb 2024 21:05:32 GMT

@Horseshoez wrote:
@cabledude27 wrote:
Chapter 13 discharge can only happen after completing the Chapter 13 payment program. I had to pay monthly for 60 months from my filing in April 2017. The last payment was made in April 2023.

Once I paid the last payment, the trustee did their audit, sent their info to the court, the judge reviewed the case, verified all payments made to the trustee, made sure I didn't under or over pay and then approved the discharge.
What I'm trying to say is, either you started your Chapter 13 in April of 2017 and got your discharge in 2022, or you actually filed in April of 2018, got your discharge in 2023, and will need to wait until Apil of 2025 before it falls off your records.

@Horseshoez Something isn't adding up. @cabledude27 keeps saying he filed in April 2017, but his signature says he filed in April 2018. How does somebody forget what year they filed?

Re: Amex CLI after BK removal

Horseshoez — Wed, 07 Feb 2024 21:16:13 GMT

@Jeffster1 wrote:
@Horseshoez wrote:
@cabledude27 wrote:
Chapter 13 discharge can only happen after completing the Chapter 13 payment program. I had to pay monthly for 60 months from my filing in April 2017. The last payment was made in April 2023.

Once I paid the last payment, the trustee did their audit, sent their info to the court, the judge reviewed the case, verified all payments made to the trustee, made sure I didn't under or over pay and then approved the discharge.
What I'm trying to say is, either you started your Chapter 13 in April of 2017 and got your discharge in 2022, or you actually filed in April of 2018, got your discharge in 2023, and will need to wait until Apil of 2025 before it falls off your records.
@Horseshoez Something isn't adding up. @cabledude27 keeps saying he filed in April 2017, but his signature says he filed in April 2018. How does somebody forget what year they filed?

Ahhh, so it is wishful thinking to suggest @cabledude27's Chapter 13 is going to fall off this year; sorry my friend, you have another year to go before it falls off.

Re: Amex CLI after BK removal

Jeffster1 — Wed, 07 Feb 2024 21:21:53 GMT

@Horseshoez wrote:
@Jeffster1 wrote:
@Horseshoez wrote:
@cabledude27 wrote:
Chapter 13 discharge can only happen after completing the Chapter 13 payment program. I had to pay monthly for 60 months from my filing in April 2017. The last payment was made in April 2023.

Once I paid the last payment, the trustee did their audit, sent their info to the court, the judge reviewed the case, verified all payments made to the trustee, made sure I didn't under or over pay and then approved the discharge.
What I'm trying to say is, either you started your Chapter 13 in April of 2017 and got your discharge in 2022, or you actually filed in April of 2018, got your discharge in 2023, and will need to wait until Apil of 2025 before it falls off your records.
@Horseshoez Something isn't adding up. @cabledude27 keeps saying he filed in April 2017, but his signature says he filed in April 2018. How does somebody forget what year they filed?
Ahhh, so it is wishful thinking to suggest @cabledude27's Chapter 13 is going to fall off this year; sorry my friend, you have another year to go before it falls off.

@Horseshoez Exactly 🎯 He apparently forgot what he put in his signature as he tried to school us.

Re: Amex CLI after BK removal

cabledude27 — Wed, 07 Feb 2024 21:44:00 GMT

I might have mathed wrong, it should have been April 2018 when I filed, but it should be falling off after 7 years from filing Chapter 13.

Re: Amex CLI after BK removal

cabledude27 — Wed, 07 Feb 2024 21:44:25 GMT

Correct I was off by a year on my filing.

Re: Amex CLI after BK removal

cabledude27 — Wed, 07 Feb 2024 21:45:24 GMT

Filed in April 2018, I was off by a year on my dates. BK falls off in April 2025.