FUTURE AMEX APPROVAL GOAL

[thatnursegirl51]

I haven't done

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@KatzNDawgs wrote:

Amex has a pretty good pre-approval tool that won't do a HP unless you truly will be approved for the card. Have you checked for pre-approvals? Judging by your current score and derogs, you likely won't be approved, but it won't hurt to check with their site.

For the two charge-offs you have payment plans on, you may want to negotiate for a pay for delete once you have completed payment. That may save you 7 years for it to drop off without that. If that is a no-go, then I would work on building your credit and looking into a no-AF secured card that will graduate and practice good credit habits without letting anything have to charge interest. Low utlization at statement cut and AZEO will help, but that really only affects score on a month-to-month basis, so at this point I would not worry to much about letting something post, but practice paying all cards off in full before statement cut in order to ingrain those habits.

You are young and mistakes happen, unfortunately it can take the harsh repercussion of years to recover to enforce how important good credit habits can be. It takes time yes, but take this time to work on your spending and repayment habits so that this does not occur again in your future, and you will be able to have many doors open to you as far as credit goes.

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I havent tried for a pre approval cause my credit is not in a range to be approved in my opinion. Thank you for your insight!

[sjt]

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@thatnursegirl51 wrote:

ALSO, I am also asking because are people approved for and AMEX with previous closed off accounts paid in full?

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Yes there have been approvals with paid charge offs. But you also need to have a history of positive payments with current accounts and lower utilization.

[Thomas_Thumb]

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@sjt wrote:

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@thatnursegirl51 wrote:

ALSO, I am also asking because are people approved for and AMEX with previous closed off accounts paid in full?

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Yes there have been approvals with paid charge offs. But you also need to have a history of positive payments with current accounts and lower utilization.

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As mentioned earlier, a 680 or higher Fico 8 score is an important milestone for serious consideration with AMEX.