Amex decline reasons. Does this mean I'm off their BL?

[fabeasy]

I received my denial letter from AMEX today and was curious about the reasons they have listed.

 

• Number of trades (Experian)
• Your FICO Score (680)
• Our evaluation of the inquiries on your credit report based on the number, type, and recency. (Experian)
• Too many new accounts. (Experian)

Unlike my Chase letter that specifically said I had a bad history with them, does this mean I'm off AMEX's BL? And I just need to clean my report up?

[blowe]

I'm pretty sure if you are on the BL that they will not even pull your report.If they pulled a hard on Experian you should be good to go when you get to the stage they will approve you.

[Rogue]

Typically if you are on the AMEX BL, they won't even waste the $$ to pull credit.

[shifter]

Correct. Hard on EX= no BL.

[fabeasy]

Sweet! Now, I regret not pulling them first during my spree. Oh well, now I can work towards getting them in the near future.

[Second Chances]

How long has it been since you burned them?

[fabeasy]

How long has it been since you burned them?

 

Looking back on my records it was placed in collections in 4/2009. And last official Amex correspondence was in late 08.

 

I knew it wasn't that long ago which is why I didn't even think to apply for them first. Guess I was wrong.

[Second Chances]

 

How long has it been since you burned them?

 

Looking back on my records it was placed in collections in 4/2009. And last official Amex correspondence was in late 08.

 

I knew it wasn't that long ago which is why I didn't even think to apply for them first. Guess I was wrong.

 

You should add it to BobWang's Master Blacklist thread. The time you are on it could also be affected by the amount that was charged off (where higher $ = longer blacklist).

 

http://creditboards.com/forums/index.php?showtopic=512093&page=1

[loops77]

What is the difference between "number of trades" and "too many new accounts"?

[DAR77]

Whats the appropriate time to wait between a decline and another app