166 People Helped
Member Since: January 2010
...unless you acknowlege the debt in some way like making a payment (however small) on it. Then the statute of limitations clock is reset. This is what they are trying to trick you into doing.
ctcushing's reply was:
It's simply a pre-paid debit card (as advertised.) Not a secured credit card.
That is correct. I do the same.
Interesting, but useful? Pretty tricky determining cause and effect. I've heard that card issuers mine their internal data to draw correlations between where customers shop and their overall credit worthiness. So if I happen to frequent a store where many deadbeats also happen to go then they view me as suspect even if my credit is superb and payment history is flawless.
Silly in my opinion, yet they hire rooms full of analysts to do this type of work.
ctcushing's response was:
Short answer is yes because you can sue anyone at anytime. But if you want to know whether you have a good case you should talk to an attorney.
Not sure what the terms of your divorce were, but you should not have allowed your name to still be on the mortgage.
This a common problem and your lawyer should have steered you clear of it. Divorce 101: Nothing stays in your name no matter what.
I agree. It's ludicrous how they try to correlate ridiculous random data points inferring some type of cause and effect.
American Express used to also judge it's new card holders by where they instigated their first charge. If it coded as a bar then that was a flag. If it was for coffee at Starbucks that was a plus.
I had no such problems and was approved, but I do know that Amex only uses Experian reports, not TransUnion. I would pull my free annual credit report from Experian and check it.
You should check your Experian report. It is the only one Amex checks and reports to. There could be negative items there that do not show up at TransUnion.
Also, Amex appears to only report to Experian (somewhat annoying). Check your Experian report and you will probably find it listed. Because Credit Karma is based solely on TransUnion, it will never show up (even if you have an Amex revolving credit card).
Forgot to add, this is an Amex revolving card, the Blue Cash Preferred and not the regular Amex charge card. I also pulled all of my credit reports from the 3 bureaus and it does show up with Experian which I assume is the only one they report to and/or check.