topic Re: never pay amex back in Credit Cards

never pay amex back

911gt34life — Wed, 08 Feb 2023 23:42:05 GMT

i have amex account which Charge Off and never paid and other account paid in full... maybe wont be blacklist

why does amex keep doing soft pull on my credit report any idea ?

Re: never pay amex back

NoMoreDebt — Wed, 08 Feb 2023 23:41:20 GMT

General consensus here on the forum is that yes, you will be blacklisted for an amount of time possibly determined by how bad you burned them.

Maybe the softpulls are them checking if you legible for pre screened offers if they even do such a thing.

Re: never pay amex back

FireMedic1 — Wed, 08 Feb 2023 23:47:48 GMT

Are you saying you had a CO and its about to fall off? You never paid them back? If so. It might be maybe the next decade before your back in. You were/are a customer. They can SP all they want. Doesnt hurt anything. Or if your in the SOL. They could go legal. Not much info for us to go by.

Re: never pay amex back

Horseshoez — Thu, 09 Feb 2023 00:41:29 GMT

@911gt34life wrote:
i have amex account which Charge Off and never paid and other account paid in full... maybe wont be blacklist

why does amex keep doing soft pull on my credit report any idea ?

Just speculating here; if you're still inside the SOL, maybe they're tracking you to see if you're worth trying to get a judgement against.

Re: never pay amex back

Remedios — Thu, 09 Feb 2023 01:29:44 GMT

@911gt34life wrote:
i have amex account which Charge Off and never paid and other account paid in full... maybe wont be blacklist

why does amex keep doing soft pull on my credit report any idea ?

There is a BL and you're on it. You will be on it until you pay or Amex gets over it.

As far as why, because you're rebuilding. They might offer you a settlement at some point when it starts looking like your financial situation improved, they are also keeping tabs on your current and former addresses, phone numbers, employers, AUs, anything and everything demographics/credit related.

It is not so they can sue you, they can do that without having to look at your report whether you're inside or outside of SOL.

They rarely do that, they know a lot will miss Amex M&Ms and eventually decide to pay.

Re: never pay amex back

NoMoreE46 — Thu, 09 Feb 2023 01:56:25 GMT

@Remedios wrote:
As far as why, because you're rebuilding. They might offer you a settlement at some point when it starts looking like your financial situation improved, they are also keeping tabs on your current and former addresses, phone numbers, employers, AUs, anything and everything demographics/credit related.
It is not so they can sue you, they can do that without having to look at your report whether you're inside or outside of SOL.
They rarely do that, they know a lot will miss Amex M&Ms and eventually decide to pay.

Well I just learned a lot about Amex's practices today.

Re: never pay amex back

Drifter73 — Thu, 09 Feb 2023 02:41:36 GMT

Fwiw, back in my early 20's (nearly x3 decades ago), I defaulted with Amex and never paid it back. To this day, I'm still black listed from any Amex core cards and they won't even send me a balance with option to pay it back. I've tried several times to make it right and none of the Reps or UWs I've spoken with have been able to or authorized to get a balance to me.

You're only option is to somehow get them to agree to send a payoff balance or just go with co-branded Amex cards like I did since they won't budge on letting me pay it off after 30 years of the account being in default.

Good luck.

Re: never pay amex back

Horseshoez — Thu, 09 Feb 2023 12:28:07 GMT

@Drifter73 wrote:
You're only option is to somehow get them to agree to send a payoff balance or just go with co-branded Amex cards like I did since they won't budge on letting me pay it off after 30 years of the account being in default.

I would argue unless the "co-branded" card is a Delta SkyMiles card or something like that; you don't have a co-branded card; all you have is a card which uses the AMEX payment network. Said another way, saying something like a CreditOne AMEX is basically the same as an actual AMEX is no different than saying a CapitalOne Platinum MasterCard is basically the same as Luxury Card's Black MasterCard. In reality, the only thing those two pairs of cards have are the payment networks; different brand, different underwriting, different everything else.

Re: never pay amex back

bigseegar — Thu, 09 Feb 2023 13:28:00 GMT

Oh, you're already Blacklisted and will be for a long time. Only way tyo shorten that is to pay them. I didn't even owe them any money but did have an epic business collapse and I was Blacklisted for 19 years. Like siad upthread they're SP'ing you because there basically tracking you and you financial situation.

Re: never pay amex back

bigseegar — Thu, 09 Feb 2023 13:29:37 GMT

@NoMoreDebt wrote:
General consensus here on the forum is that yes, you will be blacklisted for an amount of time possibly determined by how bad you burned them.

Maybe the softpulls are them checking if you legible for pre screened offers if they even do such a thing.

Oh that isn't it at all. They're SP cause they want their money lol.

Re: never pay amex back

OmarGB9 — Thu, 09 Feb 2023 16:17:49 GMT

Yea no definitely blacklisted, sorry. SPs are them keeping tabs on you as has been mentioned upthread.

Re: never pay amex back

Drifter73 — Thu, 09 Feb 2023 17:34:51 GMT

@Horseshoez wrote:
@Drifter73 wrote:
You're only option is to somehow get them to agree to send a payoff balance or just go with co-branded Amex cards like I did since they won't budge on letting me pay it off after 30 years of the account being in default.

I would argue unless the "co-branded" card is a Delta SkyMiles card or something like that; you don't have a co-branded card; all you have is a card which uses the AMEX payment network. Said another way, saying something like a CreditOne AMEX is basically the same as an actual AMEX is no different than saying a CapitalOne Platinum MasterCard is basically the same as Luxury Card's Black MasterCard. In reality, the only thing those two pairs of cards have are the payment networks; different brand, different underwriting, different everything else.

I don't disagree. Though, it should be noted that Amex is the one that referred me to CreditOne 5% and Bread 2% in 2 separate instances a year apart from one another after checking core card pre-approvals to see if they unblacklisted me yet. I accepted both their counter card offers.

It's at least nice (even if not technically cobranded cards with 2 different logos/brand names on them) that they would offer/refer me to the other Amex network cards as an alternative.

Re: never pay amex back

bigseegar — Thu, 09 Feb 2023 17:44:02 GMT

@Drifter73 wrote:
@Horseshoez wrote:
@Drifter73 wrote:
You're only option is to somehow get them to agree to send a payoff balance or just go with co-branded Amex cards like I did since they won't budge on letting me pay it off after 30 years of the account being in default.

I would argue unless the "co-branded" card is a Delta SkyMiles card or something like that; you don't have a co-branded card; all you have is a card which uses the AMEX payment network. Said another way, saying something like a CreditOne AMEX is basically the same as an actual AMEX is no different than saying a CapitalOne Platinum MasterCard is basically the same as Luxury Card's Black MasterCard. In reality, the only thing those two pairs of cards have are the payment networks; different brand, different underwriting, different everything else.
I don't disagree. Though, it should be noted that Amex is the one that referred me to CreditOne 5% and Bread 2% in 2 separate instances a year apart from one another after checking core card pre-approvals to see if they unblacklisted me yet. I accepted both their counter card offers.

It's at least nice (even if not technically cobranded cards with 2 different logos/brand names on them) that they would offer/refer me to the other Amex network cards as an alternative.

Before you give AmEx too much love lol, it's a pop-up everyone who isn't qualified for their AmEx cards will get. They want you to apply there for one of those cards. Because they know they're not giving you one of their true AmEX cards. So this way they have no liability for cash losses as it's Credit One or Bread you'll owe the money to but Amex gets the swipe fees. So for them it's simply a smart business win-win move.

Re: never pay amex back

Drifter73 — Thu, 09 Feb 2023 17:48:42 GMT

@bigseegar wrote:
@Drifter73 wrote:
@Horseshoez wrote:
@Drifter73 wrote:
You're only option is to somehow get them to agree to send a payoff balance or just go with co-branded Amex cards like I did since they won't budge on letting me pay it off after 30 years of the account being in default.

I would argue unless the "co-branded" card is a Delta SkyMiles card or something like that; you don't have a co-branded card; all you have is a card which uses the AMEX payment network. Said another way, saying something like a CreditOne AMEX is basically the same as an actual AMEX is no different than saying a CapitalOne Platinum MasterCard is basically the same as Luxury Card's Black MasterCard. In reality, the only thing those two pairs of cards have are the payment networks; different brand, different underwriting, different everything else.
I don't disagree. Though, it should be noted that Amex is the one that referred me to CreditOne 5% and Bread 2% in 2 separate instances a year apart from one another after checking core card pre-approvals to see if they unblacklisted me yet. I accepted both their counter card offers.

It's at least nice (even if not technically cobranded cards with 2 different logos/brand names on them) that they would offer/refer me to the other Amex network cards as an alternative.
Before you give AmEx too much love lol, it's a pop-up everyone who isn't qualified for their AmEx cards will get. They want you to apply there because they have no liability as it's Credit One or Bread you'll owe the money to but Amex gets the swipe fees. So for them it's simply a smart business win-win move.

Makes sense.. The x5% CreditOne is comparable to the Amex BCP (same af, just $1k less cap) and the x2% Bread on everything is comparable to the Amex BCE (averaging out due to the 1% everything for out of category spend on BCE).

Nice to have comparable alternatives.

Re: never pay amex back

7774x — Fri, 10 Feb 2023 21:41:47 GMT

@911gt34life wrote:
i have amex account which Charge Off and never paid and other account paid in full... maybe wont be blacklist

why does amex keep doing soft pull on my credit report any idea ?

Amex Checking CRs to see if they can get money from you..If amex is checking ..wonder if they will let you back in .. They do a soft pull every 1-2 months on me .. after which they send Email ... listing deals to pay off balance

Re: never pay amex back

7774x — Fri, 10 Feb 2023 21:48:21 GMT

@Drifter73 wrote:
Fwiw, back in my early 20's (nearly x3 decades ago), I defaulted with Amex and never paid it back. To this day, I'm still black listed from any Amex core cards and they won't even send me a balance with option to pay it back. I've tried several times to make it right and none of the Reps or UWs I've spoken with have been able to or authorized to get a balance to me.

You're only option is to somehow get them to agree to send a payoff balance or just go with co-branded Amex cards like I did since they won't budge on letting me pay it off after 30 years of the account being in default.

Good luck.

Ask Amex for persons handling repayment plan details .. If I Get another letter ..will forward their Phone#

Re: never pay amex back

7774x — Fri, 10 Feb 2023 21:49:45 GMT

@Drifter73 wrote:
@Horseshoez wrote:
@Drifter73 wrote:
You're only option is to somehow get them to agree to send a payoff balance or just go with co-branded Amex cards like I did since they won't budge on letting me pay it off after 30 years of the account being in default.

I would argue unless the "co-branded" card is a Delta SkyMiles card or something like that; you don't have a co-branded card; all you have is a card which uses the AMEX payment network. Said another way, saying something like a CreditOne AMEX is basically the same as an actual AMEX is no different than saying a CapitalOne Platinum MasterCard is basically the same as Luxury Card's Black MasterCard. In reality, the only thing those two pairs of cards have are the payment networks; different brand, different underwriting, different everything else.
I don't disagree. Though, it should be noted that Amex is the one that referred me to CreditOne 5% and Bread 2% in 2 separate instances a year apart from one another after checking core card pre-approvals to see if they unblacklisted me yet. I accepted both their counter card offers.

It's at least nice (even if not technically cobranded cards with 2 different logos/brand names on them) that they would offer/refer me to the other Amex network cards as an alternative.

CreditOne is just that .. Amex handles the processing

Re: never pay amex back

911gt34life — Sat, 11 Feb 2023 03:01:34 GMT

lot of great information about blacklist... it going drop off my credit report on april but they doing soft pull here some date

02/02/2023

01/31/2023

12/07/2022

12/06/2022

i report back after drop see if get back in... thanks

Re: never pay amex back

Horseshoez — Sat, 11 Feb 2023 03:20:05 GMT

@911gt34life wrote:
lot of great information about blacklist... it going drop off my credit report on april but they doing soft pull here some date

02/02/2023
01/31/2023
12/07/2022
12/06/2022

i report back after drop see if get back in... thanks

I predict there is about a zero percent chance you get back in with that charge off. Good luck regardless.

Re: never pay amex back

Remedios — Sat, 11 Feb 2023 05:08:49 GMT

@911gt34life wrote:
lot of great information about blacklist... it going drop off my credit report on april but they doing soft pull here some date

02/02/2023
01/31/2023
12/07/2022
12/06/2022

i report back after drop see if get back in... thanks

I don't think you understand

When it drops off, it won't exist for other lenders (well, sorta), but Amex internal records are forever.