@UpNComing wrote:I decided to come out of hiding and app for the AMEX Zync. The only givin reason I was denied was "legals" which I assume is an unpaid three year old judgment. I was a JetBlue AMEX card holder until they abruptly closed my account in 2009. Letting my emotions rule I made the mistake of not paying them until it went to collections. I did pay them not too long after. And would love to find my way back into JetBlue card membership.
My question is, is this worth a recon? Do I have a shot? I have great income. My balances are a bit high on most of my cards (which is most of the reason for the low scores) after paying for a wedding, although we should have them paid down by summer. I have one collection with Verizon which is due to come off once they finish their own internal investigation (billing error). Should I wait until I pay down the cards and remove the collection to ask for a recon? Or should I try and recon now since none of these reasons were listed as a factor for the decline?
From my experiences and YMMV but AMEX does not do recon's unless the info. provided is innaccurate.
@namvet wrote:
@UpNComing wrote:LS2982 - Exactly the reason I dont know what to say.
Anyone have experience with AMEX approvals with a judgment on their report?
IMO it would best best to forget about Amex. No chance of approval. If you burn Amex they will never "forget about it".
If you paid them back they may de denying for other reasons. Might be best to call in and speak to a credit analyst about it.
@namvet wrote:
@UpNComing wrote:LS2982 - Exactly the reason I dont know what to say.
Anyone have experience with AMEX approvals with a judgment on their report?
IMO it would best best to forget about Amex. No chance of approval. If you burn Amex they will never "forget about it".
I don't think this is accurate.
Amex has had, and might still (unpublished) methods for former customers who had chargeoffs and other unpaid balances to come in from the cold. They have had their Optima program, and that might even still be offered as there were posts on other forums circa Dec 2011 regarding the program.
The gist of the Optima forgiveness program, was you pay your charge off in full, and in return for getting righteous with them, you get an Optima with a CL of half of what the CO was for. Any company willing to do this, isn't blacklisting people forever, and it was a pretty creative way of getting people to pay old debts, and apparently worked in some cases.
Edit: re-read thread, wasn't Amex specifically... but yes, people can get approvals with black marks on their files.
@UpNComing wrote:
@LS2982 wrote:
@namvet wrote:
@UpNComing wrote:LS2982 - Exactly the reason I dont know what to say.
Anyone have experience with AMEX approvals with a judgment on their report?
IMO it would best best to forget about Amex. No chance of approval. If you burn Amex they will never "forget about it".If you paid them back they may de denying for other reasons. Might be best to call in and speak to a credit analyst about it.
The reason for the decline was "legals" referring to the judgement on my file from three years prior. The judgement was not AMEX but another party. No other reasons were given.
If you let that age for a bit (2 yrs) and your other credit items are looking good they may overlook it.