9 years and solidly in 700+ club, still no Amex forgiving

[Varsity_Lu]

@dfwxjer 

I agree. In addition, the OP didn't pay AmEx the first time simply "out of spite": they lowered his limit and he got pissed. Now he is complaining that they won't give him new credit despite him not being willing to pay AmEx what is rightfully theirs. They took a loss on him and he acts like he's confused as to why.

[youngandcreditwrthy]

@Varsity_Lu  siggy out of date. currently no amex cards. this was back in 2015. 

and not complaining. I made that very clear. Asking for advice from seasoned individuals. 

[dfwxjer]

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@youngandcreditwrthy wrote:

@Varsity_Lu  siggy out of date. currently no amex cards. this was back in 2015. 

and not complaining. I made that very clear. Asking for advice from seasoned individuals. 

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The advice is to call Amex and pay them what you owe. Not to open up a 0% card, but to resolve an outstanding debt. 

Then manage your current portfolio of cards appropriately and determine what your credit goals are before going on another app spree to simply accumulate additional unnecessary credit lines. 

[Minimalist]

Exactly my thoughts.  AMEX isn't going anywhere near you as long as you still owe them money.

[CreditNoob]

Not sure if you mentioned this but is the CO still on you credit report? If it is, the charge off should of dropped of you report by now if its been 9 years. Negative items remain on your credit reports  for 7 years. You need to reach out to the credit bureaus to get the CO removed. Then try again with AMEX once they are removed. Ensure that you check your credit reports first to see that they were removed before attemptting AMEX again. Also I would rexommend that you use their pre-approval tool to see what you might qualify for before wasting a hard pull. I see folks are saying to pay AMEX however legally they cannot force you to pay since the time they had legal grounds to collect from you has passed. Also they cannot hold the fact that you had owed them in the past against you since the time to collect legally from you has passed. You can in good faith pay them what you owe but there is not guareentee that would change anything.

[SKBirdmind]

Post is about getting back in the door with AmEx - there is a likely a reason he set that parameter.

I agree, generally - if you're looking to make amends, call their specialty team (I forget the actual name but have a phone number written down somewhere) during business hours, and have them search for your old account via social security number. They should be able to confirm the exact balance, and a remittance address for where to send it.

Of course, I did all of this 2 x years ago and have yet to see MY approval...

[dfwxjer]

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@CreditNoob wrote:

Not sure if you mentioned this but is the CO still on you credit report? If it is, the charge off should of dropped of you report by now if its been 9 years. Negative items remain on your credit reports  for 7 years. You need to reach out to the credit bureaus to get the CO removed. Then try again with AMEX once they are removed. Ensure that you check your credit reports first to see that they were removed before attemptting AMEX again. Also I would rexommend that you use their pre-approval tool to see what you might qualify for before wasting a hard pull. I see folks are saying to pay AMEX however legally they cannot force you to pay since the time they had legal grounds to collect from you has passed. Also they cannot hold the fact that you had owed them in the past against you since the time to collect legally from you has passed. You can in good faith pay them what you owe but there is not guareentee that would change anything.

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Your information is wildly incorrect. 

While they can't *legally* force anyone to pay past the statute of limitations, and they can't report negative items past 7 years, they can absolutely retain internal records and refuse to open a new account. Amex can, and will, deny credit to most people that have burned them in the past. There used to be a member here that burned them in the 80s and Amex wouldn't budge. 

Paying them the owed balance from charged off accounts does not guarantee anything, but if the OP is set on a path back in to Amex it's the best way forward. 

[fm92555]

I think I was black listed for over 10 years from AMEX. Build everything else but don't give up. It should happen. You may need to see what was owed and offer to pay it off.