Update: decided to use a 3rd party on the Amex network to get around the blacklist for now and was approved instantly: https://ficoforums.myfico.com/t5/Credit-Card-Approvals/CreditOne-AE-5-Synchrony-MC-2/td-p/6518796
Maybe after a year using their network on a 3rd party they will reconsider.
@Drifter73 wrote:Update: decided to use a 3rd party on the Amex network to get around the blacklist for now and was approved instantly: https://ficoforums.myfico.com/t5/Credit-Card-Approvals/CreditOne-AE-5-Synchrony-MC-2/td-p/6518796
Maybe after a year using their network on a 3rd party they will reconsider.
CreditOne Amex has nothing to do with Amex the bank (AENB), unfortunately. Hence your name on the blacklist still exists and will remain for who knows how long. But congrats on the approvals nonetheless.
Following up on what the previous poster said. Just throwing this out there to see where it lands. Have you tried calling and asking them if you could pay off the balance that you owe them? (Assuming you haven't already paid it?)
@TheRedHat wrote:Following up on what the previous poster said. Just throwing this out there to see where it lands. Have you tried calling and asking them if you could pay off the balance that you owe them? (Assuming you haven't already paid it?)
A collections agency bought my debt from them (mid to high % to try and profit off collecting). So whatever % of the $5k that wasn't paid by the debt agency is what's actually left or written off as a lose 2 decades ago. The agency that bought it, sold it to a second agency for a much lower %.
In short, the debt was partially paid each time it changed hands.
I may call them in a day or two to see if any balance remained, if it was written off as a lose, or what my options may be 25+ years later, handling finances better and more responsibly.
Thanks for the suggestion.
@Drifter73 wrote:
@TheRedHat wrote:Following up on what the previous poster said. Just throwing this out there to see where it lands. Have you tried calling and asking them if you could pay off the balance that you owe them? (Assuming you haven't already paid it?)
A collections agency bought my debt from them (mid to high % to try and profit off collecting). So whatever % of the $5k that wasn't paid by the debt agency is what's actually left or written off as a lose 2 decades ago. The agency that bought it, sold it to a second agency for a much lower %.
In short, the debt was partially paid each time it changed hands.
I may call them in a day or two to see if any balance remained, if it was written off as a lose, or what my options may be 25+ years later, handling finances better and more responsibly.
Thanks for the suggestion.
"Written Off" doesn't mean the debt just went away and you no longer owe. Written off is simply a tool credit companies use to get bad debt off their books but you still owe it and thats what AmEx will tell you. Pay it and they may let you back in, maybe. I was Blacklisted for 20 years and I didn't even owe them any money, no charge off's, nor did they ever lose a dime on me. I was Blacklisted because I was in over my head credit wise and AmEx saw my failure coming and closed all of my accounts and Blacklisted me. I had no one to blame but me. As to the Credit One AmEx branded card, as others have said, you aren't back in with AmEx you are simply in with C1 and nothing more. AmEx won't even see you history with that card.
