AMEX + more after BK!

[Anonymous]

congrats! when was your BK discharge? Did you burn amex?

[lizabeth]

Thanks! My BK discharged in 2011, so I'm 5 years in and I did not have Amex prior to BK.

[aussiesareforever]

Congrats. Love to read happy BK stories.

I was also young and stupid but it did spur me towards being a lot more financially responsible.

[Andy77]

Congrats !!  

How old was your ch 7 bk tradeline when you got approved for the Amex?

Mine was about 6 yrs old when they denied me, twice

It is now 7 years old...if you got approved when yours was 7 years old, I might wait until 7.5 and try again

[lizabeth]

I was 5 years into my discharged BK when I went for Amex and was approved. I had flawless credit history since BK and had an auto loan w/capital one and two credit cards w/capital one within those 5 years that were in good standing. I'm clueless as to why they approve some and deny others but it seems it wasn't due to the length of time out of a BK.

[Andy77]

Yes that is a mystery to me, too.  So at 5 years out you did still have all the negative accounts on your CR, as I did

I just got off the phone from them, the denial reasons the lady read me were:

-Judgement or collection on file (I had the ch 7 bk tradeline and all my negative accounts associated when I applied, like you did)

-Length of time accounts have been established (my oldest account was 6 years old)..opened two months after bk discharge

-Balances in relation to credit limits too high (this I am going to fix)

None the less Congrats to you...this gives me a lot of hope to reapply again.

[Anonymous]

Amex starting lines were based on minimum starting product limit for Amex. All of the non reserve/preferred limits can go as low as $500. Preferred is $5000+ similar to visa signature, can't get one under.

[northface28]

I'm surprised you didn't get a Discover but got not 1 but 2 Amex? Wow, nice job.

[nrm]

Congrats, OP!

[grillandwinemaster]

Amex after bk, wow!!

Congrats!