My second chance with American Express after charge offs

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
23 posts
tinninches
Gold Member
Gold Member
 
Posts: 26
Joined: Sat Apr 07, 2012 5:52 am
Location: Franklin, Tn

Postby tinninches » Mon Jun 04, 2012 8:27 pm

My first CC (not co-signed by parent) was a Gold Delta Skymiles from Amex. 3k limit, back in 2006. I screwed up the Visa Signature card after 5 years, that left my dad with a 30-day late for 7 years. So I was very VERY credit shy going forward. Cash/debit only. So when I got the amex, I used it to auto-pay my vzw bill each month, then PIF'd.

In 2008, amex CLD me, and then in 2009, then closed the account all together. I ended up with a $5 fee hitting the account after closure that wound up in collections (not sure if internal or CA), but by my own ignorance, I was NOT going to pay a fee on a account that had a $0 bal and was closed.

Well, it grew to more than $250...and I ended up paying it. From 2009 until 2011, I was back to using cash/debit. But found myself always in a jam, when trying to rent a car, which I do frequently. That is when I knew my credit was in a mess. Couldn't get approved for anything. Had a repo from 07, 1-30day late from 08, and 2 collections. Found the FICO forums this past feb and have GW'd all buy 2 derogs, to include the 30 day, 1 collection, AND AMEX! Sent their exec office a GW and knew if successful, I was going to lose my oldest account, and my AAoA would take a dive. They removed, and my scores nose dived.

Well, that was just 2 months ago, and I decided to test the waters. App'd Amazon and Walmart store cards and were instantly approved. Now I had that high, and was REALLY wanting to get my backdating with amex (2006), so I decided to app the Zync last week. I was instantly approved w/ NPSL.

So got my oldest account back, and as a positive TL and couldn't be more stoked. Now I can close my orchard and cap1 secured.

This will leave me with Amex Plat (AU), Zync, Belk (GEMBC), Amazon, and Walmart. Only other cards I want are the Southwest Visa and TE from COSTCO.
[size=80]Amex Zync[/size]
[size=80]Amex PRG[/size]
Amex Costco TE
Amex Hilton
Amex Delta Gold
Barclay US Airways World MC
Chase SWA Signature
BOA Spirit World MC
[size=80]Barclay Apple Visa[/size]


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Cyberius
Platinum Member
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Posts: 85
Joined: Fri Apr 06, 2012 8:17 pm
Location: Tennessee

Postby Cyberius » Mon Jun 04, 2012 8:31 pm

Congrats!

By the way - howdy, neighbor! (Nashville) Hah.

Frshcoupe
 
Posts: 1
Joined: Fri Feb 15, 2013 9:33 am
Location: USA

Postby Frshcoupe » Fri Feb 15, 2013 9:42 am

That's awesome, and it just gave me some hope.

I was in a financial rut and I just got my first 30 day late with AMEX. I plan on paying the remainder of my balance before it turns to 60 days late. To make matters worse, they cancelled my account because I didn't provide the information needed for a financial review.

I have a zync and gold delta with them. When I first got the card back in July, I PIF every month. I suddenly hit a road block with my precious employer and then that's when things got a bit rough. I'm pretty pissed that they cancelled my account, I was on the right path to building up my credit and doing well. I just hope that I can get back in with AMEX soon and get back on that path.

This story definitely gives me hope. My credit score took a mean dive and I'm sure once I pay down all my cards it will bounce back. I'm just not sure how long I should wait to apply for an AMEX again and I'm not sure how bad a 30 day late looks to them. What do you guys think? This is my first post btw and I'm glad to be apart of this community.



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