     Thomas Bryan (Thomasb) | Tuesday, September 12, 2000 - 06:40 pm 
Ok I received a decline from American Express today for a credit card.
They pulled from Experian and I just so happen to have my recent Experian report.
They declined for these reasons:
-Delinquency date too recent, or unknown
-Frequent Delinquency
-Serious Delinquency, derogatory public record or collection
-Insufficient established credit
On my report states there are ZERO negative items and 3 positive Items one of which was a credit card that is now closed that I was never late on for 2 years.
I also have my other reports and ALL bad items have been off my report for well over a year.
Pardon me cursing but what the hell is the deal here? I applied because my credit report reflected a SWEET report with Zero Negative and 3 Positives..
I must say I'm highly pissed because they declined me..
HELP me understand....And fight. |
| Senator (Senator) | Wednesday, September 13, 2000 - 02:16 am
why would you want a card that is hardly used by anyone, anywhere, anytime?
AmEx is a bloated credit card living on fifies image. Take a VISA or MASTERCARD and get a life. time to move on. |
| Shylock (Shylock) | Wednesday, September 13, 2000 - 04:43 am
Forget AMEX they suck. Also be aware that AMEX keeps its own internal credit reporting agency that they only use. If AMEX ever takes a loss on you they'll never give you credit again. They also (I've heard) cancel you after bankruptcy even if you don't name them.
AMEX limits are very low compared to VISA or MasterCARD. Their annual fee is high. Their interest rate is high and if you ever have to use it, it also counts against you on your credit report because they want you to pay off your balance in full every month. |
| Thomas Bryan (Thomasb) | Wednesday, September 13, 2000 - 08:58 am
Ok, I'm getting the point about not using AMEX.
But I am still in the gray area with WHY did I get a decline on things that did NOT exist.
The decline reasons are inaccurate. Why did they tell me I was declined a reason that does not exist.
Ive had no bankruptcy nor have I ever had AMEX.
The letter I received from them says that they used Experian reporting agency and as I said none of the items they declined me for are on the report. |
| E Burrows (Perseguidor) | Wednesday, September 13, 2000 - 12:12 pm
Amex just sends a you a form letter with the most
common excuses for denying an application. I'm quite sure they looked at your score and rejected you because you did not score enough points. I bet that was the real reason. |
| Shylock (Shylock) | Wednesday, September 13, 2000 - 04:26 pm
Order the report from Experian to make sure something hasn't crept back in. At the bottom of the decline letter it should say something about the Equal Credit Opportunity Act and who enforces it on AMEX (Probably either FDIC or OCC). Call them (if you don't know the number call 877/FTC-HELP and ask them what the number is) and get a case number over the phone. Follow it up with a letter outlining everything you've said and a report from Experian proving that what you say is correct. Legally they have 10 days to respond. |
| Thomas Bryan (Thomasb) | Thursday, September 14, 2000 - 02:43 pm
Well it just so happened that Experian has a different report here..
I called both agencies TU and EFax and they report to me that my defense department pay off is to show until November 2000.
Well Experian has an altogether different report.
Theirs is wrong and they are reporting that the Defense thing was last active on 4/ 1997.
Thats 4 more years this crap would be on that report but NOT on my other ones!
Theirs is incorrect and I have disputed it.
What all can I do if they say they don't want to delete it and they lie and say it is correct? |
| Shylock (Shylock) | Thursday, September 14, 2000 - 04:27 pm
Well at least PART of the mystery is solved. It's not AMEX's weird doings that is causing a problem.
Naturally you dispute the thing and you hope for the best. If the dispute with the credit repository fails you go and dispute directly with the source.
Meanwhile you should be grateful that (come December) two out of three reports will be in excellent shape. If you apply enough times sooner or later a credit card will inquire from one of the other repositories and you'll be able to get the credit you need.
Good luck with your dispute and keep us posted. |
| Senator (Senator) | Friday, September 15, 2000 - 02:02 am
Don't expect to get it correct the first time. With GMAC it took almost a year to get it straightened out, 4 challenges, a phone call to GMAC and hiring of lawyers.
Welcome to the world of credit reporting where black can become white and vice versa. You now realize that this methodology is completely messed up unlike the vast complacent mob.
You have to learn to fight back against this monster. I did my part by firing "Snoopy" metropolitan insurance FICO crazy underwriting and hiring AAA. |
| Thomas Bryan (Thomasb) | Saturday, October 07, 2000 - 02:57 pm
UPDATE:
Equifax deleted the ARMY DFAS record.
Result is one clean credit report.
I learned that if you request is army related that if the army does not respond within 30 days they just delete it.. |
| david smith (Xpe123) | Friday, October 13, 2000 - 01:30 pm
Where can I find information on how long a judgement stays on ones report?
Also My exquifax states a satisfied date of 3/97.
I thought it fell off 7 years from the date FILED which would be 2/94 |
| Christine Baker (Admin) | Friday, October 13, 2000 - 03:02 pm
You need to read YOUR State's law and/or read the appropriate topics here.
Didn't we just discuss this a day or two ago? Please search for messages within the last 3 days. This option is under New Messages to your left.  |
