Typically if you burn Amex, even if you pay them back, they take a LONG time to let you back in. Like, over a decade, sorry to say.
@Anonymous wrote:I included Amex in BK7 3 years ago. I am wondering.. if I pay what I burned them for, do I have a chance of being approved again before my BK falls off? Does anyone have experience with this?
They once had something called the "Oasis Program" but it was geared towards rehabilitating folks with charged-off accounts. You might have some luck with folks in that department (google 'Amex Oasis') but since your account was included in a BK7 there are strict federal laws against Amex seeking the repayment, so I'm not sure how that would work.
If Oasis (or a similar program) isn't an option, you might just have to wait it out. I got back in after 15 years; it might not have taken quite that long (I never tried earlier) but I suspect it may be a few years. Keeping this in mind, things are always changing in the credit world, so there's always a chance. Also, folks who are 'blacklisted' have reported that when they apply, they are turned down without a credit pull, so if that is still the case at least there's no harm in trying from time to time.
Hope this helps! 
@UncleB wrote:
@Anonymous wrote:I included Amex in BK7 3 years ago. I am wondering.. if I pay what I burned them for, do I have a chance of being approved again before my BK falls off? Does anyone have experience with this?
They once had something called the "Oasis Program" but it was geared towards rehabilitating folks with charged-off accounts. You might have some luck with folks in that department (google 'Amex Oasis') but since your account was included in a BK7 there are strict federal laws against Amex seeking the repayment, so I'm not sure how that would work.
If Oasis (or a similar program) isn't an option, you might just have to wait it out. I got back in after 15 years; it might not have taken quite that long (I never tried earlier) but I suspect it may be a few years. Keeping this in mind, things are always changing in the credit world, so there's always a chance. Also, folks who are 'blacklisted' have reported that when they apply, they are turned down without a credit pull, so if that is still the case at least there's no harm in trying from time to time.
Hope this helps!
The Oasis Program is not available to folks that have a BK. The reason for this is that Oasis is a from of collection and atempting to collect on a BK account is illegal.
@sjt wrote:
@UncleB wrote:
@Anonymous wrote:I included Amex in BK7 3 years ago. I am wondering.. if I pay what I burned them for, do I have a chance of being approved again before my BK falls off? Does anyone have experience with this?
They once had something called the "Oasis Program" but it was geared towards rehabilitating folks with charged-off accounts. You might have some luck with folks in that department (google 'Amex Oasis') but since your account was included in a BK7 there are strict federal laws against Amex seeking the repayment, so I'm not sure how that would work.
If Oasis (or a similar program) isn't an option, you might just have to wait it out. I got back in after 15 years; it might not have taken quite that long (I never tried earlier) but I suspect it may be a few years. Keeping this in mind, things are always changing in the credit world, so there's always a chance. Also, folks who are 'blacklisted' have reported that when they apply, they are turned down without a credit pull, so if that is still the case at least there's no harm in trying from time to time.
Hope this helps!
The Oasis Program is not available to folks that have a BK. The reason for this is that Oasis is a from of collection and atempting to collect on a BK account is illegal.
Unless something has changed, it is available to those who included Amex in a BK. They offered it to me about 20 years ago. However, the stipulation was that I pay the original amount that was included in the BK.
@Anonymous wrote:
@sjt wrote:
@UncleB wrote:
@Anonymous wrote:I included Amex in BK7 3 years ago. I am wondering.. if I pay what I burned them for, do I have a chance of being approved again before my BK falls off? Does anyone have experience with this?
They once had something called the "Oasis Program" but it was geared towards rehabilitating folks with charged-off accounts. You might have some luck with folks in that department (google 'Amex Oasis') but since your account was included in a BK7 there are strict federal laws against Amex seeking the repayment, so I'm not sure how that would work.
If Oasis (or a similar program) isn't an option, you might just have to wait it out. I got back in after 15 years; it might not have taken quite that long (I never tried earlier) but I suspect it may be a few years. Keeping this in mind, things are always changing in the credit world, so there's always a chance. Also, folks who are 'blacklisted' have reported that when they apply, they are turned down without a credit pull, so if that is still the case at least there's no harm in trying from time to time.
Hope this helps!
The Oasis Program is not available to folks that have a BK. The reason for this is that Oasis is a from of collection and atempting to collect on a BK account is illegal.
Unless something has changed, it is available to those who included Amex in a BK. They offered it to me about 20 years ago. However, the stipulation was that I pay the original amount that was included in the BK.
I agree with you both...
I've read reports of folks being allowed to use it on accounts IIBK, but I'm also aware that it's against federal law for a creditor to try to enforce a debt that was discharged, which is what the Oasis program effectively does once established (albeit entered into voluntarily). That's why I said, "...I'm not sure how that would work."
The only way to know if it's an option or not (at least at this time) is for the OP to simply call them and ask. Getting the correct number could require some legwork, but it's not insurmountable.