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Amex nextstep

New Contributor

Re: Amex nextstep

I received a 10k popup then when I clicked through it was 15k.
Message 11 of 98
Established Contributor

Re: Amex nextstep


Vegas4Play wrote:

 


jgodfrey82 wrote:
I log into my amex account today and get offered a pre-approved "nextsteps" consolidation loan by amex.. 8.9% rate, up to 25k, they send the funds direct to other credit cards with no fees at all no prepay and no origination. Faq said it would not even show up on my reports unless I default and payments are fixed with 3 payment schedule options. I've never seen this amex product before and no search results were found when I searched. Anyone?

I am admittedly carrying a large debt load right now renovating a home I'll sell next month, my scores have gone down quite a bit due to the new balances but I won't go over 50% total util. Maybe the new debt triggered it. They are also offering me a 50k plat upgrade on my BRG and send me merchant financing offers all the time, so I'm guessing I'm good with amex. I'm almost interested to accept just to see how/if it reports.

Ok so dear mom lost her Amex EDP so I login to request a replacement.

 

Low and behold I see the Next Step Loan pop up for 25K at 7.99...I'm like what the????? Amex really

 

So I go to google and not much, then found this thread. Called mom to ask if I can experiment. She said go on, _____ go on, just dont apply for any cards for me.

 

So I ask what balance she has, said 4K on Discover I'm like ok. So I plug in the info and APPROVED ( not like I expected any other outcome) Printed loan docs, signed electronically. 4K @ 7.99 12 months (will pay it off way before then). So far no hits to credit it went really smotth and easy shows in account as Next step loan up in the corner where cards are listed.

 

 Next Step Loan.png

 

NS Loan approval.png

 


≤.                              !!!!!!!!!!Smiley Very Happy NOIIICE Smiley Very Happy!!!!!       ≥

wells.jpg 2chase navychase east westchase us bankimg src=ChaseFreedom_F.inddC_DP7_EMV_MNLW_18-PID 257.epsnavy fedBCE&ED|Chase|NFCUcc&CLOC|WF|Cash+|ElanFin.|Dia'md prefer.|PF|Gard'N since 6/23/2017|TOTAL CL$111.2K !!!NOIIICE!!!
Message 12 of 98
Valued Contributor

Re: Amex nextstep


Aahz wrote:

This offer popped up on my OBC yesterday, but when I click through all I get is 

 

Thank you for considering a NextStepSM Loan.
Unfortunately, we are unable to pre-approve you for a NextStepSM Loan at this time.
 
So, despite being pre-approved they are unable to pre-approve me Smiley Mad

Wow... that sucks.

Message 13 of 98
Moderator

Re: Amex nextstep

I was actually in a bit of a hurry when I got the pop-up, but now when I go back into my account info on the loan is nowhere to be found.  Smiley Sad

 

If anybody is able to locate a link to get more info please let me know where you found it... I would like to give this another look.

Message 14 of 98
Frequent Contributor

Re: Amex nextstep


UncleB wrote:

I was actually in a bit of a hurry when I got the pop-up, but now when I go back into my account info on the loan is nowhere to be found.  Smiley Sad

 

If anybody is able to locate a link to get more info please let me know where you found it... I would like to give this another look.


After I skipped through the pop-up too quickly I found "Consolidate Credit Card Debt" as the top Offer in my AMEX Offers section.  The link leads to-

https://www.americanexpress.com/us/next-step-loans/?offercode=NSS6COREW1&intlink=myca_accounthub_alr...

Message 15 of 98
Moderator

Re: Amex nextstep


Aahz wrote:

UncleB wrote:

I was actually in a bit of a hurry when I got the pop-up, but now when I go back into my account info on the loan is nowhere to be found.  Smiley Sad

 

If anybody is able to locate a link to get more info please let me know where you found it... I would like to give this another look.


After I skipped through the pop-up too quickly I found "Consolidate Credit Card Debt" as the top Offer in my AMEX Offers section.  The link leads to-

https://www.americanexpress.com/us/next-step-loans/?offercode=NSS6COREW1&intlink=myca_accounthub_alr...


Ah... I was able to find it there as well - thanks for the heads-up!  Smiley Very Happy

 

Your link worked for me as well... when I clicked the link, I was prompted to log in and I was then taken to my offer:

 

nextstep.jpg

Message 16 of 98
Established Contributor

Re: Amex nextstep

Linked worked for me. Declined me Smiley Very Happy My EX score is in the toilet right now compared to my others.

Starting 11/14 EQ 498 EX 514 TU 507 | Current 4/10 EQ 651 EX 697 TU 692 | Util 11% | Personal Credit - $97,540 | Business Credit - $71,100
Message 17 of 98
Regular Contributor

Re: Amex nextstep

No HP on EX though correct?
Message 18 of 98
New Contributor

Re: Amex nextstep

that link worked for my wife too.
Message 19 of 98
Valued Contributor

Re: Amex nextstep


jgodfrey82 wrote:
No HP on EX though correct?

Dear Mom did not receive one today...her experian score shoed on the website in her account as 9/8 so maybe they used that one. When I went for her's. I have not offers on my own (delta) card I looked after I did her's.

 

But it also states in the terms and cond. it will not affect your credit to apply.

 

I can't wait to see how many days it takes to disburse the loan, states 3-5. I'll check discover on Friday to see if they got paid off yet.

BK13 Filed 7/10-DC 8/15 // Fico 8's TU 763/ EQ 758/ EX 735 11/17// AAoA 5.8 years // Lines 11/2017= 240K // Inquiries 5 TU -11 Exp - 10 Eq. BK now off all all reports....WE CLOSED ON OUR HOUSE 6/7/2017 long hard road, but we made it !!!
Message 20 of 98