topic Re: What is AMEX up to now? in Credit Cards

What is AMEX up to now?

jmbfl — Fri, 10 Oct 2008 00:44:27 GMT

I pulled my TC today to check something and the following appeared:

Considering the fact that I have not had any dealings with AMEX for over a decade I am mystified. It needs to come off! Who should I contact about this AMEX or the CB?

My picture was showing when I viewed this message on my other computer. How do I get in to appear here? I had no problem getting this to work before the s/w was updated.

Message Edited by jmbfl on 10-09-2008 05:44 PM

Re: What is AMEX up to now?

haulingthescoreup — Fri, 10 Oct 2008 00:36:34 GMT

Was this under inqs or what?

(all I get on my end is a giant empty box, except that up at the top, there's a red dot and then TC AMEX"

Re: What is AMEX up to now?

MidnightVoice — Fri, 10 Oct 2008 00:38:51 GMT

@haulingthescoreup wrote:
(all I get on my end is a giant empty box, except that up at the top, there's a red dot and then TC AMEX"
Ditto on Safari

Re: What is AMEX up to now?

jmbfl — Fri, 10 Oct 2008 00:56:15 GMT

I repeat the info below:

Account number: does not start with 37 - it starts with 39

Condition: Closed

Balance: $557

Type: Credit Card

Pay Status: Current

Past Due: (blank)

High Balance: $557

Terms: (blank)

Limit: $100

Payment: (blank)

Opened: 04/1978

Reported: 10/05/2008

Responsibility: Individual

Late Payments: No Lates

Two Year Payment History: One "X" in rightmost Experian box

Remarks: Account has been closed due to inactivity.

How do I get the image to show?

Re: What is AMEX up to now?

jmbfl — Fri, 10 Oct 2008 03:21:23 GMT

ttt

Re: What is AMEX up to now?

Creditaddict — Fri, 10 Oct 2008 03:24:39 GMT

so did they close your account? or is this an error on the reports?

Re: What is AMEX up to now?

Anonymous — Fri, 10 Oct 2008 05:47:30 GMT

This thread make Jubeyy confused. Jubeyy no understand.

Re: What is AMEX up to now?

jmbfl — Fri, 10 Oct 2008 06:16:54 GMT

@Creditaddict wrote:
so did they close your account? or is this an error on the reports?

Did you read the part where I stated that I have had no dealings or contact with AMEX for over a decade? This account is old business, long since aged off reports (FCRA) and time-barred (SOL). Now, out of the blue it has been reported and is appearing on my EX report.

Right now it is probably helping my score, but it doesn't belong there and I want it off! I doubt this is AMEX's backhanded way of offering me the OASIS program. Who do I talk to AMEX or the CB? Or AMEX first and then the CB if AMEX doesn't make me happy?

I do have a wonderful consumer attorney on retainer down here who would love to introduce these folks to the FCRA/FDCPA, but I'd rather handle this one myself. I'd like to save him for the heavy lifting!

Re: What is AMEX up to now?

KingAdrock — Fri, 10 Oct 2008 06:40:26 GMT

If it's actually good for your score, why do anything? Personally I'd leave it.

Re: What is AMEX up to now?

Jayleesmimi — Fri, 10 Oct 2008 06:45:35 GMT

The same thing happened to me! I have not dealt with AMEX since 1997. It just showed up on my reports (pulled them tonight.) Here is what mine said on Experian....... sounds just like yours to a "t". Date of last activity Oct 2008. Uh, no! It also shows on TU and EQ. The DOLA shown on TU is June 1997, which would be just about right, maybe a few years even before then. I am willing to bet that we will be hearing from others on this soon. They are definately up to something alright.

Re: What is AMEX up to now?

Jayleesmimi — Fri, 10 Oct 2008 06:53:42 GMT

Credit Card Amex Status as of [?] Oct, 2008 Date opened [?] Jun, 1992 Date of last activity [?] Oct, 2008 Date of last payment [?] Not Reported Date closed [?] Not Reported Account number [?] XXXXXXXXXXXXXXXX Loan type [?] Credit Card, Terms REV Credit limit [?] $100 Largest past balance [?] $2,134 Terms [?] Not Reported Account Type [?] Revolving Account holder [?] Individual Scheduled payment amount [?] Not ReportedDescriptions [?]· Account closed at credit grantor's requestNo contact information provided by Experian Balance [?] Current Status [?] Past Due Amount [?] $2,134 This is an account in good standing Not ReportedSeven year payment history [?] 30 days late 0 times 60 days late 0 times 90+ days late 0 times

~Then it goes on to say I am in good standing and the Oct. 08 box is checked, but nothing before. I tried to post it as it was on the report, but it kept telling me I couldn't post it that way, because of to many characters. Anyway, above is the jest of it although it is hard to read.

Re: What is AMEX up to now?

Jayleesmimi — Fri, 10 Oct 2008 06:58:05 GMT

I might add that it didn't help my score,Experian hit me for 8 points as it added the amount into my revolving balance. My utilization stays below 2% overall, most of the time around 1%.

Re: What is AMEX up to now?

jmbfl — Fri, 10 Oct 2008 07:28:46 GMT

Looks to me like AMEX is aching for a class action lawsuit for a massive violation of the FCRA. Probably some kind of computer error, but I might call tomorrow and see just how sorry they are for their transgression.

BTW: I am looking at a TC report and they do not present a DOLA. Also only showing on EX right now. I'll be checking again probably on Saturday. (I am checking to make sure BofA did not hard me when I opened a checking account. So far - so good on that one.) If they are reaging they are going to be sued for sure. This could be a very costly mistake on their part. Isn't that $5,000 per occurance?

Re: What is AMEX up to now?

jmbfl — Fri, 10 Oct 2008 08:12:43 GMT

Also, it would help my score - the amount is tiny and would not take me over 9% UTIL. It would be one more account reporting a balance, but also change my age of accounts severely as this account was opened in 1978!! (And it really was!) I think if you add this all up it comes out on the positive side.

Message Edited by jmbfl on 10-10-2008 01:12 AM

Re: What is AMEX up to now?

jmbfl — Fri, 10 Oct 2008 07:51:56 GMT

OK, OK, so I couldn't resist and I ran my myFICO EX report to see some details and...

1) My EX score went from 726 to 740 with that booboo reporting, and

2) It shows a DOLA of OCT 2008.

The real reason I ran this was to have hard copy proof that they reaged the debt, which I now have. Someone at AMEX is gonna be doing a lot of explaining to the bosses. This is the kinda thing that gets the FTC mighty upset!

Re: What is AMEX up to now?

haulingthescoreup — Fri, 10 Oct 2008 11:03:56 GMT

jmbfl wrote:

....My picture was showing when I viewed this message on my other computer. How do I get in to appear here? I had no problem getting this to work before the s/w was updated.

No idea about your actual question, but I have found that if I haven't logged in within a short period of time, I still have all my personal stuff on forums, etc., but I can't move a image from the myFICO site over (in IE.)

If it happens again, control-T a new screen, log in again, and see if it works.

I find it odd that you can partially time out (can't access your score reports, can't post images), but you're still logged into the forums, but there you go.

This is one reason why I have so many log-ins. Honestly! It really is!

Re: What is AMEX up to now?

Jayleesmimi — Fri, 10 Oct 2008 12:09:24 GMT

Thanks for the info jmbfl. This is wrong for sure! My DOLA is Oct 2008 now also. If you would please let me know what happened when you call. I have to go to work and will check back to the forum at lunch or after. I will also try and repost the image at that time.

I also ran the hardcopies.

Re: What is AMEX up to now?

Anonymous — Fri, 10 Oct 2008 12:23:13 GMT

jmbfl, by chance, did this show up on Experian only? I know the other poster in this thread noted that this was Experian. The reason that I ask... I had an old, aged off, credit card show up again, out of the blue, with a DOLA on 10/6/08. I actually posted it about it last week. I was certain that it wasn't mine, but I've since learned that the account number matches my old account. But, Comerica Bank insists that they didn't update.

I'm wondering if the problem is originating with Experian vs. Amex. Just a thought.

Re: What is AMEX up to now?

ficonovice — Fri, 10 Oct 2008 13:36:07 GMT

I repeat the info below:

Account number: does not start with 37 - it starts with 39

Condition: Closed

Balance: $557

Type: Credit Card

Pay Status: Current

Past Due: (blank)

High Balance: $557

Terms: (blank)

Limit: $100

Payment: (blank)

Opened: 04/1978

Reported: 10/05/2008

Responsibility: Individual

Late Payments: No Lates

Two Year Payment History: One "X" in rightmost Experian box

Remarks: Account has been closed due to inactivity.

How do I get the image to show?

----------------------------------------------------------------------------------------

It may be helping your score due to average age of accounts, but it's definitely hurting your score because of the reported balance vs. your limit. It looks like it's reporting a maxed out card...

Re: What is AMEX up to now?

jmbfl — Fri, 10 Oct 2008 13:51:02 GMT

@ficonovice wrote:
It may be helping your score due to average age of accounts, but it's definitely hurting your score because of the reported balance vs. your limit. It looks like it's reporting a maxed out card...

I fully addressed this above. It is raising my EX FICO score by 14 points. It just doesn't look very good!