Amex Oasis - - Should I even bother?

[Anonymous]

Message Edited by kpaul212 on 12-03-2007 08:22 AM

[Anonymous]

I would pay it.  I think it would better for your report if you have an existing TL with a company you had an issue with.  If your report was pulled by a creditor and brought up your debt with amex you could explain there was some extenuating circumstances and say, "look, I have an account with them" and make up an excuse for the error.  It would be good to get back in their good graces, you can even spin it as a positive with future creditors.

[Anonymous]

Message Edited by kpaul212 on 12-03-2007 08:23 AM

[Anonymous]

For some reason it may be a reporting error...but the information has probably been refreshed.  the reporting date seems to have been changed.  You know what you should do...is pay the balance, get the oasis, then dispute the reporting date.  Make sure you get the oasis card first though! It's a win-win.  You're the honest person by paying the debt, you get a trade line out of it, and you get the thing off your cbr (plus the guaranteed amex)...which if you keep for a year, you can convert to a regular amex, automatic approval.

[Anonymous]

i've heard if you pay the oasis program you get a cl of half the amount, plus they but the account history back to good! there is no down side, imho.

[Anonymous]

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dnm45227 wrote:

i've heard if you pay the oasis program you get a cl of half the amount, plus they but the account history back to good! there is no down side, imho.

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For clarification...it depends on the account aging.  If it's longer than 150 days past due...even ONE DAY.  It is too late. Amex is required to report the past due amount.  If it goes 120 days past due back to back, two months in a row (this is possible if you know about account aging), they also have to report it....getting back on track, if these happen on account, it has to be reported and the oasis would not erase it from your cbr report.  But if it's 150 or less in aging, the report can be erased.  So that's definitely a plus!

[Anonymous]

Can I do Amex Oasis prog if I had a card closed by them years ago?

[Anonymous]

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@Anonymous wrote:

Can I do Amex Oasis prog if I had a card closed by them years ago?

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The Oasis program is by invitation only.  That said, you can call AmEx and speak to the people collecting on your account and they will often send you an invitation.

[Anonymous]

I called, but since I wasn't getting collected (I paid years ago) they said I wasn't in their system. Ironic, the people that dont pay are the ones that get the second chance

Ignore me, I'm just being bitter.

[Anonymous]

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@Anonymous wrote:

I called, but since I wasn't getting collected (I paid years ago) they said I wasn't in their system. Ironic, the people that dont pay are the ones that get the second chance

Ignore me, I'm just being bitter.

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True.  Those that already paid are left to the whims of the AmEx approval process.