Excellent credit today - but multiple charge offs from many credit cards 12 years ago

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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CarefulBuilder14
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Postby CarefulBuilder14 » Sun Mar 22, 2015 8:47 pm

JohnChin wrote:WOW - mdawg, you're my hero. This is best story I ever read!!


That is not a good sign. If you're learning things here, I'm not sure you're learning anything that will be good for you.

You seem to admire bad behavior and to want lousy cards. If you were an accounting client of mine, I'd be worried.

*Takes another sip of Dos Equis*
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when


popamode72
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Postby popamode72 » Sun Mar 22, 2015 9:48 pm

JohnChin wrote:WOW - mdawg, you're my hero. This is best story I ever read!!

Please you tell me how you got such much credit again after having bad credit. I'm in the same boat - need your help - please tell me how to do that!


Just no dude. Why would you wanna follow someone like mdawg who burned Amex for 150k and made no effort to pay them back? I mean seriously.

I'm starting to think you might be a troll BTW. Your other posts look suspicious to me.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

Nixon
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Postby Nixon » Sun Mar 22, 2015 9:53 pm

popamode72 wrote:Just no dude. Why would you wanna follow someone like mdawg who burned Amex for 150k and made no effort to pay them back? I mean seriously.

I'm starting to think you might be a troll BTW. Your other posts look suspicious to me.


I dunno. Seems like a pretty fun guy. :)

He'd fit right in at MyFICO.
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mdawg
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Amex IS hurtin' for certain; Talk to me boy, I'll help you

Postby mdawg » Wed Mar 25, 2015 7:46 pm

mdawg wrote:AMEX is hurtin' for certain these days.


Yassir! From the Wall Street Journal, March 25, 2015: AMEX looks to move past setbacks:
"This is a very rough time for AMEX. The revenue-growth story is broken," says Vincent Caintic, an analyst at MacQuarie Capital Inc. who gave AMEX shares a "sell" rating this month.

Yassir! AMEX is BROKEN!

JohnChin wrote:WOW - mdawg, you're my hero.


Contact me via private message my boy, I'll teach you how to get million dollar credit, these prigs be damned.

Mine is the #1 thread in all of the Credit Card forum! You can't argue with success. Yassir!

Gamma
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Postby Gamma » Thu Mar 26, 2015 5:40 pm

Wow! How did I miss this thread last year. There is so much wrong here I don't even know where to begin, although its been mentioned already by other members. Also, I figured JohnChin was being sarcastic. I will continue to sit in the sideline enjoying reading this thread as (or if) it continues to grow.

*grabs popcorn*

amex007
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Postby amex007 » Thu Apr 02, 2015 10:08 am

I am not on the blacklist with Amex since i never burned them but i did burn chase like over 8 yrs ago for ~9-10k. does anyone know how forgiving Chase is? I just applied for a Chase Hyatt card and they said they would mail me the decision since i have security freeze in place. Although i wouldnt be surprised if they just rejected me instead of asking me to temporarily lift the freeze for a select credit bureau... :/
Amex Gold NPSL | Amex ED 28500 | Barclaycard Arrival 17500 | Hyatt visa signature 5000
sockdrawer-- GM 4000 | Unionplus 2200
EX 795 EQ 786 TU 790

Nixon
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Postby Nixon » Thu Apr 02, 2015 10:46 am

amex007 wrote:I am not on the blacklist with Amex since i never burned them but i did burn chase like over 8 yrs ago for ~9-10k. does anyone know how forgiving Chase is? I just applied for a Chase Hyatt card and they said they would mail me the decision since i have security freeze in place. Although i wouldnt be surprised if they just rejected me instead of asking me to temporarily lift the freeze for a select credit bureau... :/


They will ask you to lift freeze and THEN decline most likely.
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amex007
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Postby amex007 » Thu Apr 02, 2015 10:46 am

mdawg wrote:I received another letter from AMEX inviting me to apply again, saying that they only keep applications on file for a certain amount of time. I'm certain it's a generic letter, and I don't want to waste a credit inquiry just to be denied again because my old accounts were cancelled with AMEX.

In the meantime I got a few more credit cards from the remaining big banks out there, which brings my current unsecured credit available to $150K, so obviously I have good credit and recognized income. I'm waiting on another card I applied for which should bring my total available credit around $170K. I don't think I'll apply for anything else until next year, and I don't even need the money just like having it available for large purchases that I pay off in full at end of each billing cycle. I like the credit card cash rebates and I like buyer protection policies. What I'll do over the next couple years is probably just steadily increase each credit line as I prove myself. I'm sure I'll have $500K unsecured available within a few years.

I'm not interested in any AMEX card other than the Platinum because of the benefits.

Probably what I will do with AMEX is wait until 2015, and then reapply with AMEX. I was thinking of having me added as an authorized user on family members' AMEX Platinums (many other family members and relatives have the AMEX Plat), but that might jeopardize their accounts if AMEX figures out who I am lol.


hmm humorous responses on this thread altho the shamelessness of ur actions shows ur youth. i'm not quite sure what all this whole $500k credit limit is supposed to imply. just bc u have that much credit dont mean u can use all of it without getting into trouble again. i have enough credit for what i need and im satisfied w that since i try to pay off in full each month anyways.
i had bad credit for a while during my college yrs and also bc of an identity theft incident but i've finally fixed it now and just even happy to have a cc w over 6k limit... ok time to move on to the next thread for me
Amex Gold NPSL | Amex ED 28500 | Barclaycard Arrival 17500 | Hyatt visa signature 5000
sockdrawer-- GM 4000 | Unionplus 2200
EX 795 EQ 786 TU 790

amex007
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Posts: 131
Joined: Wed Apr 01, 2015 3:31 pm
Location: NY

Postby amex007 » Thu Apr 02, 2015 11:33 am

Nixon wrote:They will ask you to lift freeze and THEN decline most likely.


Nixon thanks for the response. I payed off the debt to the collection agency Chase sold it to a few yrs ago. Would that help my chances of not being blacklisted?
Amex Gold NPSL | Amex ED 28500 | Barclaycard Arrival 17500 | Hyatt visa signature 5000
sockdrawer-- GM 4000 | Unionplus 2200
EX 795 EQ 786 TU 790

mdawg
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Postby mdawg » Sun Apr 05, 2015 1:36 pm

amex007 wrote:I am not on the blacklist with Amex since i never burned them but i did burn chase like over 8 yrs ago for ~9-10k. does anyone know how forgiving Chase is? I just applied for a Chase Hyatt card and they said they would mail me the decision since i have security freeze in place. Although i wouldnt be surprised if they just rejected me instead of asking me to temporarily lift the freeze for a select credit bureau... :/


I charged off about $70K of debt with Chase, again, this happened now, about thirteen years ago. No bankruptcy ever.

I have had a Chase credit card for a couple of years now, maybe three. My Chase card has the lowest credit line of any of my other cards. It started off at $5000. About a year ago I called to have it increased, and they did increase it to $10,000. During the phone call the rep did say, oh, we charged off a lot of debt from you in the past. I said nothing. Sometimes saying nothing and just waiting is the best response. He then just went on and said, well that was a long time ago, and increased my line to $10,000.

Recently I called to have the Chase increased again, and once again the rep said the same thing, that looks like we charged off a lot of debt with you. This time, the rep declined to increase the line, but he said that he didn't care about the old debt because it was a long time ago, but he declined because he noted recent inquiries (from a few other requests to increase credit lines on my other cards, all of which increases were granted) and another credit card with an extremely high credit line that I had just opened, which were true. He said to call back in six months or a year and that they would accommodate me when there weren't any fresh inquiries.

I'd say 80% of my cards are with companies who charged off old debt of mine, and the other 20% are with newbies. Nowadays there are so few big banks that offer credit versus the many many that were around 13 years ago, that choices are limited. For example, BofA bought out more than a few, no more MBNA, etc.

As far as these credit line increases and requests to open a credit card, and calls of the same ilk, I have learned to figure out what sorts of people who answer the phone will be accommodating and what sorts will not. The person who answered the call the first time, I knew would help me out. On the more recent call to Chase, I could tell the person was a hard nosed one, and I should have just hung up immediately, but I was tired and busy that day and just wanted to get the call over with. Of course I was right, and in the future depending on who answers the phone I might hang up within seconds.



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