How recent is that collection? If you already tried for an Amex and got denied, I'd hold off if I were you. Even though supposedly their charge cards are a little easier to obtain, a previous denial doesn't bode well. Neither does a $1k SL revolver. Generally, if you got approved for a revolving Amex with a $1k SL, that means you just barely got in. Also your score is rather low for an Amex, IMO.
@Anonymous wrote:I've been eyeing this card since I started my credit journey. I'm wondering if you all think I have the slightest chance of getting it. I'm definitely going in the garden for 12-18 months but I need this card before I leave. My EX is my lowest score at 667 as of now but it should go up soon. I do have a 1 collection for something that's not even accurate ( I been writing letters to the collection agency and they won't even communicate back because they know I don't owe them ). Other then that my DP's are
100% on time
14% Util (Should go to 9% any day now)
8 inq (3 are within 6 months)
3 New accounts(1 is Amex Delta Gold 1k SL)
60k Annual
I did pull the trigger for Amex Gold when I got the Delta Gold but was denied. My score is a bit better now so I kinda want to try my luck. Let me know and be honest, no hard feeling here.
The underwriting is not that stringent for it; they like getting that fat annual fee. So if you really really want it, go for it. What do you have to lose?
@Anonymous wrote:I've been eyeing this card since I started my credit journey. I'm wondering if you all think I have the slightest chance of getting it. I'm definitely going in the garden for 12-18 months but I need this card before I leave. My EX is my lowest score at 667 as of now but it should go up soon. I do have a 1 collection for something that's not even accurate ( I been writing letters to the collection agency and they won't even communicate back because they know I don't owe them ). Other then that my DP's are
100% on time
14% Util (Should go to 9% any day now)
8 inq (3 are within 6 months)
3 New accounts(1 is Amex Delta Gold 1k SL)
60k Annual
I did pull the trigger for Amex Gold when I got the Delta Gold but was denied. My score is a bit better now so I kinda want to try my luck. Let me know and be honest, no hard feeling here.
No need to write a letter to the collection agency. You need to dispute it with the reporting credit bureau.
A few years ago, I refused to pay a $120 bill from a doctor visit I had where he basically told me he couldn't help me (re. a raised bump on my shin), charged me for the office visit which I paid that day, then this undisclosed $120 bill came in the mail. It was the only thing tarnishing my credit. And, yes, it was only $120. But I refused to pay. It only showed up on one bureau, I think it was Equifax .
When you dispute a debt with a bureau, the bureau contacts the creditor and the creditor has to supply proof to the bureau that the debt is valid. If the creditor fails to do so, it is removed from your report. I disputed my negative item over and over and over. It took about a year and a half but, eventually, the medical office stopped defending the debt to the bureau and I prevailed. Negative items on your credit report are easy to dispute. It can all be done online. Gather the evidence together that you have showing why the debt is not valid. You'll be asked to submit it during the dispute claim.
Good luck.
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Seeing as how you made a post in June, 2020 asking about AmEx and you stated then you had 0 Collections and now you do have 1, one would have to assume thats come about in the last year or less. If that's the case then I'd bet that is the reason for your denial of the Gold Card. Even though you barely got in the AX door with that revolver you got a $1K SL on was that prior to the collection showing up on your reports? No way you need to apply for the Gold again right now. You need to either get that collection off or wait a year or so. AmEx doesn't like collections.
Amex is huge on CO's... I would probably hold off for the time being OP. Let that season a bit and try back in 6-12 months.
