topic Re: Amex denied, pulled all three in Credit Cards

Amex denied, pulled all three

Anonymous — Wed, 21 Sep 2011 22:59:45 GMT

So I had all 9 of my CAs fall off a little early on EX (these were all from my student loans which is why there are so many). My Plus score went up 100+ points and moved from the good to excellent category. So I thought thought why not app for an Amex knowing that's what they usually pull. Well I was declined because they pulled all 3 reports. I certainly wasn't expecting that. Even worse, they said my denial was because my score was too low - they gave me TU and said it was 616. I was so annoyed since my TU on myfico is 681!!!

The CAs will be removed at some point next month. If it's within 30 days, do I stand a chance at a recon?

Re: Amex denied, pulled all three

Anonymous — Thu, 22 Sep 2011 00:47:02 GMT

I would wait until you are sure they don't report at all, you want to improve you chances as much as possible without wasting an inq.

Not sure how long the window is for a recon, maybe someone else can chime in.

Re: Amex denied, pulled all three

CreditMuppet — Thu, 22 Sep 2011 00:56:00 GMT

Yeah suggests to me that your EX was too low and so they pulled the other CRA's which obviously killed your chances due to the CO's. I would wait until you have no CO's.

Re: Amex denied, pulled all three

Anonymous — Thu, 22 Sep 2011 01:01:31 GMT

I will definitely wait until they're off the other 2 reports. Lesson learned there

When I called for the status the rep suggested I wait at least 30 days if I was going to apply again. I kind of assumed that was my window for a trying a recon. I would hate to apply again, seeing that they pulled all three reports. Who knows if they will do that again.

Re: Amex denied, pulled all three

Red1Blue — Thu, 22 Sep 2011 01:05:36 GMT

I would wait 90 days and apply. Even better if you want to check the Amex Application Status website and make sure the previous application dropped off and they apply. I think they remove the app status after 4 months.

Re: Amex denied, pulled all three

Anonymous — Thu, 22 Sep 2011 01:17:10 GMT

Would prefer to recon since that app cost me 3 inquiries.

Re: Amex denied, pulled all three

clocktick — Thu, 22 Sep 2011 08:21:05 GMT

@Anonymous wrote:
Would prefer to recon since that app cost me 3 inquiries.

Agreed and ouch! That's a Cap One move! Sorry you were denied.

Re: Amex denied, pulled all three

Mekitcat — Thu, 22 Sep 2011 16:02:16 GMT

Correct me if I'm wrong but wouldn't they need to re-pull your reports to see the new credit scores when the baddies fall off?

How can they do a recon on the same reports if the same baddies would be on them from when they were first pulled? Wouldn't that be an instant denial again?

Re: Amex denied, pulled all three

CreditMuppet — Thu, 22 Sep 2011 16:42:47 GMT

They will pull hard again for recon unless you fax them a copy of your latest report, but even then no guarantees!

Re: Amex denied, pulled all three

Anonymous — Thu, 22 Sep 2011 17:37:35 GMT

@Anonymous wrote:
I would wait until you are sure they don't report at all, you want to improve you chances as much as possible without wasting an inq.

Not sure how long the window is for a recon, maybe someone else can chime in.

Re: Amex denied, pulled all three

Mekitcat — Thu, 22 Sep 2011 17:46:06 GMT

@CreditMuppet wrote:
They will pull hard again for recon unless you fax them a copy of your latest report, but even then no guarantees!

Got ya. I learned something new

Re: Amex denied, pulled all three

Anonymous — Thu, 22 Sep 2011 22:22:31 GMT

Thought I read on here that it had to be faxed in. I guess if it doesn't work, I'll just wait a year to app again.

That's what I get for being impatient