On 5/1/07 my FICO scores were 702, 710, 729 (EQ/EX/TU). Today, my EQ FICO score has gone down to 698. I assume my EX & TU have dipped a bit as well, but since I don't want to pay for additional score reports right now, I don't know for sure. The only change in my credit since May is an 1K CC balance increase.
I am currently unemployed and I'd like to transfer my cc bal to a No/Low interest cc. AmEx is the only company I could find that didn't require employment information on their credit application.
Here are the reasons my AmEx application was declined. The indented information is from my EX CR.
Low Experian score
-My EX score is probably in the high 600's?
Too many new accounts (Experian)
-USB CC. Feb 07, CL 7000, Bal 2373
-USB LOC (OD protection), May 06, CL 1500, Bal 0.00
-USB LOC (OD protection), June 06, CL 5000, Bal 0.00
-HSBC CC, Sept 05, CL 1550, Bal 0.00
Lack of bank acct or lack of bank account information.
**Brain Fart** I neglected to enter bank/checking info on application
(cking acct open since 2000, no savings)
Minimal or low credit limits (Experian)
-See New Accounts Above
Serious delinquency, and public record or collection filed.
-Many late pymts between Feb 01 and Feb 03
-2 State Tax Lien's Released Dec 06
-No Open Collections (3 closed/paid as of Apr 05)
Number of accts with delinquency and the level of delinquency for these accts.
-No Delinquent Accounts in the past 27 months
-7 seriously delinquent accts, 3 with Derogatory statements, March 01 to Apr 05
-No charge-offs or BK. All old accts closed and pd in full.
Length of time accounts have been established.
-Oldest open account, 23 months
-Oldest closed acct on CR, Sept 80
Should I reapply to AmEx--this time including my bank info, or are my past credit problems too severe and recent for AmEx?
Can anyone suggest a different CC for me to try? Any advice would be greatly appreciated!!!!
Thanks!
Kat
