AmEx rumors

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
14 posts
Gamma
Centurion Member
Centurion Member
 
Posts: 464
Joined: Sat Sep 15, 2012 1:15 am
Location: Los Angeles, CA

Postby Gamma » Sat Oct 26, 2013 5:57 pm

Thanks for the update. Hopefully you get that collecting account resolved.


SteveT
Gold Member
Gold Member
 
Posts: 37
Joined: Wed Dec 31, 2008 2:40 pm
Location: California

Postby SteveT » Wed Nov 06, 2013 7:25 pm

Amex is taking a more pragmatic look at their review process. It used to be if your score dropped they would act. Now they take the time to analyze your credit profile. They obviously concluded that your collection was an isolated incident.

GoCreditGo!
Centurion Member
Centurion Member
 
Posts: 230
Joined: Tue Nov 05, 2013 1:48 pm
Location: Seattle WA

Postby GoCreditGo! » Fri Nov 08, 2013 8:38 pm

That's a good thing. I need them to take a look at all my assets to approve me for cards, not just my credit score - which is crap. Having no debt and having some assets is great, but does not make my credit score look as good as having car payments and house payments paid on time. I have no interest in getting a new car just for this purpose.

SteveT wrote:Amex is taking a more pragmatic look at their review process. It used to be if your score dropped they would act. Now they take the time to analyze your credit profile. They obviously concluded that your collection was an isolated incident.

WildBill
Platinum Member
Platinum Member
 
Posts: 51
Joined: Wed May 29, 2013 2:52 pm
Location: USA

Postby WildBill » Fri Dec 06, 2013 11:42 pm

Well year is almost over. Dispute is almost resolved, and Amex is still by my side. All cards will be paid in full next month so experiment is concluded. Concluded with an extra twist, that nasty little collection that was thrown in there. There are some who may think this thread was a hoax or a pro Amex thread... trust me nothing could be further from the truth. I am just a normal guy who did a normal experiment to check facts. Here are the facts Ladies and Gentleman...

-My utilization went from 3% to 40%.
-Had a collection added to my CR.
-My score dropped from 755 to 677.
-Carried a balance for almost 5 months.

Do not fear the Amex Bear. Unless you lied on the app or make a very large purchase, or declare Bankruptcy.... nothing to fear. Move along folks, nothing to see here.

It's been a pleasure.



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