@Anonymous wrote:
The length of time your accounts have been established.
There is no recent information about installment loans on your report.
There are too many credit inquiries on your report in the last 12 months.
3 inquiries in 12 months (1 being a BG for lease)
2 years average age of cards. I've seen people get approved for a lot less
and I don't have any installment loans??
that was my denial reason.
They are being cautious because they cannot tell who's applying because of financial distress.
You're not the only one who's experienced this recent behavior by Amex, so give it more time, especially if you have new accounts or (relatively) short history
A lot of people get approved with no loans, but when economy gets a bit tougher, presence of loan is telling of how one handles pre-set amounts (with cards, you have a choice, minimum or more, but not with loans)
They've changed UW standards a bit, so the whole "if you can inhale, you're in" changed for many.
