Don't be me - I poked the Amex bear

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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Bksuper
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Postby Bksuper » Fri May 24, 2013 8:32 pm

MemberSince99 wrote:Um, how can they put a 10 (almost 11) year old charge off back onto my report? How many laws will that violate? I'm sure you've heard of illegally re-aging debt? How would that not be an example of that? I'm not worried about them resurrecting that debt they can't legally do that. I'm worried they will just close me down. I don't see Chase following suit just from a creditor closing an account.

I meant them seeing the amex opened/pulled and then closed by the issuer so soon afterwards, not the charge off, if they were on the borderline with the CSP and that happened so soon after you got it. You said in your post you had burned chase before so if you pair that
with this and the fact that your CSP is still very new and likely watched.
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MemberSince99
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Postby MemberSince99 » Fri May 24, 2013 8:50 pm

Surprisingly I wasn't borderline with the CSP I didn't have to recon to get it. And yes I burned them but as I mentioned it was never brought up.

I'm sure they do watch me, I just really doubt that would alarm them. Going out and cranking the utilization would likely alarm them much more than a new opened then closed account would.

I could always beat Amex to the punch and then it's closed at consumer request, but I haven't noticed many really care whether they close or you do, no one has ever asked why I closed any accounts - all they care is did you pay what you owed on it. In this case the answer would be yes. So that really doesn't bother me to be honest.

It would bother me to lose the Amex account but I guess if it happens, it was going to happen regardless. I mean eventually I'd apply for something or do something, you can't live your life in fear of your creditors or they really aren't worth having if you think about it. I mean if you are currently paying all your bills on time and in full and you still have to live in sheer terror of them, you gotta ask yourself is this worth it. Guess it might be best to just move on then.

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FastSRT8
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Postby FastSRT8 » Fri May 24, 2013 8:57 pm

Man. Just leave things well alone!

You should have just taken the card and that's it.

You know very well you were not a true member since 99 as you had a break so why bother showing that on your card?
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MemberSince99
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Postby MemberSince99 » Fri May 24, 2013 9:06 pm

If I'm not a true member since 99, why does it say that when I log in? Amex themselves say that I am. It says so right at the top in the upper left by my name. Last I heard they don't change that based on if you had a gap or not as a rule, whenever you started your membership with them is your member since date.

I'm starting to feel like if I have to live in terror of what they may think or do, I really don't want it anyway. I'm not interested in living in fear cowering anymore at creditors. I pay them what is owed in full and on time and my reports show that and me living in terror of them is NOT part of this program anymore, and if any of them can't handle that, I guess F them end it or I will. I'm not willing to live that way for any creditor, bad enough I have to live that way in fear of this government. I damn sure won't it for a lender no matter how good they may be.

I guess at this point it's best I close it and move on. I used it for lunch today so as soon as that charge and the Credit Secure are on it, I'll pay the balance and call to close. Enough of this horse hockey life is too short for crap like this. No card or lender is worth this.

Robrus1
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Postby Robrus1 » Fri May 24, 2013 9:20 pm

Dang 99! You're looking at it wrong. I look at Chase, Amex, etc like they work for me. I give them my business. I request something, they comply if they're able. I pay them an annual fee and I am their customer. It'd be good business to take care of a paying customer. There's nothing to fear and you shouldn't get so worked up or concerned about it. Just wait and see what they say and go from there. It's not like you don't have any nice cards other than Amex or something. Since you got a new card with them, I'm sure you plan on being a well paying customer, and what business wants to turn those down? I know this sounds crazy, but honestly, your mistake was made over 10 years ago, less time than some murderers serve in prison. I'll be surprised if they cancel your card. You choose to live in terror of them, they don't ask you to do so.
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FastSRT8
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Postby FastSRT8 » Fri May 24, 2013 9:43 pm

99,

Relax. You didn't commit a crime.

I know it's hard.... we have all been there, the anxiety is terrible but you have to just wait and hopefully it will not be an issue.

Don't do anything now or for the next 72 hours for that matter.

You acting now will be the worse thing you can do.
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jrv
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Postby jrv » Fri May 24, 2013 9:50 pm

MemberSince99 wrote:I'm honestly torn on this one. Part of me says just close the account and be done and move on.

Or maybe I just wait and see what if anything happens.

I'm not sure on what the best option is for now. I'll think about it over the weekend and come to a decision and do it next week. I don't really see what I have to lose by waiting for their move. So my account says closed by issuer instead of closed at consumer request, I doubt it would make that much difference.


I think you'll do just fine. I believe there’s a statute of limitations on collecting a debt that they’re probably past even if you open another account with them. It’s probably seven years. Another WCS is that they may put a hard limit on your charge card instead of of the NPSL.
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MemberSince99
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Postby MemberSince99 » Fri May 24, 2013 11:07 pm

I forgot with Amex you can pay before you owe anything. I just made the payment for lunch and the Credit Secure.

It's not like they would do that, as far as the debt - if they were going to do that, they would have done it last year when they mentioned about the past relationship. Clearly, just because they dig into the archives and see that, that does NOT indicate all of a sudden that's back on my credit report and they are trying to collect on it. Like I said they would already have done that last year.

The statute in WI on revolving debt is 6 years and the DOFD was 2002 so yeah, this is years past statute. That's not at all my fear.

I guess I just don't want to open up a new account and then get closed down even though I've done nothing recently. I will agree, if they so choose that is their perogative, though wouldn't it make more sense just to decline me in the first place? I mean why let me in, THEN do that? Who possibly benefits from that? Not me, not them, nobody really. When I had their cards last year I used them heavily and paid them off as soon as the charges hit, just like I do with my current cards. I don't carry balances, the only company that doesn't seem to like that behavior is Discover. You'd think they'd want you to do that. I treat it like a debit card.

But that is their right and I wouldn't have it any other way, they should have that right. I just don't see what sense it would make. If I'm that bad just leave me blacklisted. I understand. I don't understand letting me in THEN cutting me off. Not for the life of me. But it is their right, and I accept that and agree they should have that right. Just like I have the right to close cards and certainly have.

I mean if they really want payment on that and it would set things right I'm sure we can do that too. I just don't to have to worry anytime I call and ask them anything if that's opening Pandora's box. That's not how I want to live. Maybe this is just as well. If they really don't want me as a customer, I can't blame them, all I ask is make up your mind.

rockyrock
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Postby rockyrock » Sat May 25, 2013 7:04 am

I doubt they will care at all, a charge off means they sell the debt to a creditor and wipe it off their books. As long as the info is older than seven years you should be free and clear--I imagine that's how you got your current card.

Take the aluminum foil off your head and relax. Everything will be fine. Plus if you canx you’ll never know what would have happened.
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MemberSince99
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Postby MemberSince99 » Sat May 25, 2013 8:15 am

Amex doesn't sell their debt to third party collectors they handle it in house. And they do not forget.

I've read stories of people who had charge offs from the 80s, and Amex knew the amount of the charge off to the penny. They do not forget.

Yeah if they close it, they close it. I guess in a way let's get it out there and see what happens, I'm not much interested in always being afraid that is going to come up. Whatever happens it seems to be better than just constantly trying to stay off their radar. Who wants to live like that? If they decide they don't want to do business just means it's time to go back to the current creditors. Honestly I guess I'd rather just get it out there and see what their reaction is. I'm not much interested in trying to constantly worry what if this and what if that. Life has too many real problems to get mired down in that.



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