@Anonymous wrote:
Hello, My name is David and as you can see this is my first post and I am hoping you will be able to help me or put me on the right track for answers. Ok, so back in late 2008 I ran into some troubles and could not make my payments on 3 cards (20 years old, young and dumb I guess) two with bank of america and one with Amex. the one with Amex was for 2500 but I settled with the collectors for 1200. Now that I am a little wiser I realize it was very stupid letting it get to collections. What are the chances of me getting back to good standing with Amex? I mean, I would be willing to pay off the rest of the amount however, I know they no longer own it and it was sold to the collections. If there was anything I could do to correct this, I would. I am slowly starting to rebuild my credit and I was hoping a second chance would be possible. I apprecate any and all help.
David
Amex does forgive when debt is paid. I would suggest you call them up and speak to someone. Just a general question you could ask is do I owe you money? I do know someone who owed AMEX a few thousand dollars and when he called they transferred him to a certain department (can't remember name) and all he did was ask if he owed money. They asked for his full name and SS# and with-in a few minutes they gave him his balance, he paid it, waited about a month and applied for the gold card and was approved. He was previously turned down about 3 months prior.
Obviously YMMV depending on other criteria in your credit profile.
Starting Score: 648