texastea Posted October 10, 2007 Report Share Posted October 10, 2007 Now that I'm seeing some great progress on my end, I'm attacking my husband's next. He had an old AMEX acct that was charged off. They made him offer to settle the account in full back in Dec 2006 then they sent him a new card w/same limit as before (around $1500). This means he has this original acct listed as a negative item. He kept the new account current and in good standing and six months later he requested an increase in credit limit. They said they couldn't increase it but they could issue him a separate AMEX card with the same limit as the first instead. We now have an AMEX Optima and an AMEX Blue Cash card. Bottom line is that I want the old, original charged off acct off his credit report. We are in a position to pay off the two current accounts in full. I'm wondering if I'm in a position to ask them to delete the old one off credit reports under threat of paying off and closing out the two new credit cards. Do anyone think this would work? If not, a second question is, do we help or hurt ourselves by keeping both AMEX cards open? Thanks! Link to comment Share on other sites More sharing options...
whocares Posted October 10, 2007 Report Share Posted October 10, 2007 Is AMEX still a 30 day to pay card? or do they have revolving accounts? I was considering applying:lol: Link to comment Share on other sites More sharing options...
decolmtd Posted October 10, 2007 Report Share Posted October 10, 2007 The Amex Optima is a revolving account and I also think the Blue is. Link to comment Share on other sites More sharing options...
newbie7069 Posted October 10, 2007 Report Share Posted October 10, 2007 Do a search for "Oasis". Link to comment Share on other sites More sharing options...
texastea Posted October 11, 2007 Author Report Share Posted October 11, 2007 Yes, they are both revolving accounts. Link to comment Share on other sites More sharing options...
texastea Posted October 11, 2007 Author Report Share Posted October 11, 2007 Thanks Newbie 7069! I'll send a GW letter to them in the next couple of days and see what happens.I'm hopeful! And I'm keeping both cards and my Hooters card for now. Link to comment Share on other sites More sharing options...
texastea Posted October 31, 2007 Author Report Share Posted October 31, 2007 The GW letter to AMEX worked!! They agreed to delete the old charged-off account!!! Yippee!!!Looking forward to seeing one more drop off..... Link to comment Share on other sites More sharing options...
credit crunched Posted October 31, 2007 Report Share Posted October 31, 2007 I had a CO Amex in 03' (paid) and an optima paid 03' showing a 222 dollar differentialindicating settlement. I didn't think I settled.... but there it is. I would think YourDH's 06' settlement is more fresh than "old". I can't believe it. They were pretty nastywhen I delt with them. Since I have not had any contact with Amex in years, should Icall or write. I want some of that warm and fuzzy. Link to comment Share on other sites More sharing options...
Fizzle1979 Posted October 31, 2007 Report Share Posted October 31, 2007 The GW letter to AMEX worked!! They agreed to delete the old charged-off account!!! Yippee!!!Looking forward to seeing one more drop off.....Congrats! All that hard work paid off! Link to comment Share on other sites More sharing options...
texastea Posted November 1, 2007 Author Report Share Posted November 1, 2007 Credit Crunched---I may be wrong, but they may have been receptive to our GW letter because my DH uses his two AMEX accts for business travel (has to since his employer implemented a corporate card limit of $2k) so he's charged them up all year and paid them off immediately when his expense checks have come through. I found a sample GW letter in another thread that I tweaked slightly and sent it to an El Paso address. Good luck! Link to comment Share on other sites More sharing options...
credit crunched Posted November 1, 2007 Report Share Posted November 1, 2007 Thanks Tex, I think I'll give it a shot! Link to comment Share on other sites More sharing options...
Recommended Posts