Congrats on your recent wave of success OP!!
We are a Data sharing community OP, hence we only echo what's been predominantly backed up by DPs shared within the community which has about 99% accuracy the 1% being unicorns. We don't intend to discourage people but merely to convey data to guide and help us in deciding for apps and avoid burning and wasting HPs.
That being said ;
....If you burned Amex for no more than $5K then they may let you back in no earlier than 10 years without paying back what's owed to them. If it's more than $5K then pray you get to live within their pardon period.
- From my personal experience along with hundreds if not thousands of myFICOers.
As for Chase, it's 99.99% NO GO and instant decline with a BK on file. I've just burned and wasted a 2x HP last month with them when they had that so called "glitch" that prequalified a lot even with 240/24! This from a CPC with almost 9 years deep of BK on file!
Discover is a crapshoot as they are as unpredictable as any lender can be. No one even has decoded their CLI algorithm here or anywhere else on the planet.
I suggest NOT to waste your HPs with Amex and Chase for the foreseeable future
OP.
Best of Luck to all your endeavors!
@JR_TX wrote:....If you burned Amex for no more than $5K then they may let you back in no earlier than 10 years without paying back what's owed to them. If it's more than $5K then pray you get to live within their pardon period.
- From my personal experience along with hundreds if not thousands of myFICOers.
I suggest NOT to waste your HPs with Amex and Chase for the foreseeable future
OP.
Amex won't be a HP. He is a member. Even though he burned them, he is still a member. He can apply all day, and it will be a soft pull. He will just get a decline due to prior relationship. I know I tried it just to see if I was blacklisted, and I am. I burned them for 2,300. Only applicants that have never had an Amex card will get an HP.
@Anonymous wrote:
Chase Amazon Card was $500 and AMEX was $1,800. I’ll definitely see if it’s possible to pay my past due balance or a portion to get my foot back in door .
With Amex you will have to make a payment in full. They will not take payments, and it will have to be for the full amount. They will not take less than the full amount. I would wait till your BK is close to 5 years old to pay them back because they will not let you back in until your BK is 5 years old or older. Save your money for now, and use it for other things.
@Anonymous wrote:
@soxfaininfl wrote:
@JR_TX wrote:....If you burned Amex for no more than $5K then they may let you back in no earlier than 10 years without paying back what's owed to them. If it's more than $5K then pray you get to live within their pardon period.
- From my personal experience along with hundreds if not thousands of myFICOers.
I suggest NOT to waste your HPs with Amex and Chase for the foreseeable future
OP.
Amex won't be a HP. He is a member. Even though he burned them, he is still a member. He can apply all day, and it will be a soft pull. He will just get a decline due to prior relationship. I know I tried it just to see if I was blacklisted, and I am. I burned them for 2,300. Only applicants that have never had an Amex card will get an HP.
That's not actually true. Sometimes AMEX will HP existing members. But it's certainly true that if you're blacklisted, it's a denial with no HP.
CLI's are soft pulls. Are you saying if you apply for additional Amex cards they are hard pulls or they just randomly HP for additional accounts?