declined AMEX

[creditwatcher2012]

I recieved a letter in the mail for an AMEX BUSINESS GOLD, applied and was declined? any way to recon? im fairly certain it was because of inquires 54 on experian most over 1 year, probally 1.5.... 80% of them were from last year auto loan (long story)..... would love to have this card... any suggestions???

[09Lexie]

Sorry for the denial. What were the reasons? And yes, 54 inq's would be my guess too.

[Anonymous]

If 45+ were from auto loans, Amex's system is typically smart enough to treat auto loan inquiries like FICO does which is all inquiries within certain period are treated as same inquiry score wise.  You might have a case if you apped for car loan on 10 different occasion while taking 4-5 inquiries each time for example.  Yes it would be like 10 inquiries, but that isn't dangerous for Amex as they are car loans.

What was your AMEX reported credit score?  In any case, recon can't hurt, but be prepared to take another inquiry (probably won't happen though).  Call AMEX executive office.  I think number is on sticky in this forum.

[creditwatcher2012]

hey, thanks for the replys, I have not recieved the denial letter as of yet

[09Lexie]

That's assuming the auto shopping was properly coded as such.

[creditwatcher2012]

honestly, last year I had no I dead that inq's affect your score, I started going to dealerships in about June, and kept searching until september(all pulling my credit)..... my file was thin last year, just got done taking care of charge offs etc... but now im all good LOL

[Anonymous]

Well, do you know your FICO credit score?  Can you tell us more about your credit file?  AAoA, number of accounts, any negatives, cards and credit lines, etc.

[djc1puno]

sorry to hear about your denial...gl tho if you recon it!

[Anonymous]

I would call just to let them know your situation, sounds like an auto decline based on your INQ.  Call them, you have nothing to lose!

[CreditScholar]

Even if 80% of the inqs were from a car loan, that'd still leave you with 11 inqs (which is still quite high). Honestly I wouldn't even bother calling. Just garden until some of those fall off.