American Express - black file reset

bigadaj

rtho782 wrote: »

There is a way around it.

1. Default on AMEX card, go bankrupt, etc
2. Finish your bankruptcy and become discharged
3. Move house
4. Wait at least 8 years for the address link to vanish, verify this by looking at your credit report with all CRAs. Do not apply for an Amex card until there is no link or you must return to step 3 and wait another 8 years.
5. Apply for Amex card, they will not know you are the same person as the person that defaulted.

This involves 8+ years of waiting, possibly up to 11+ years, as every application you make for a non-amex card in the first 3 years or so of residence of your new address may form an additional link that will stay for 8 years.

Sounds like a lot of hard work, think I'd just go for a different card issuer.

than_prutt

rtho782 wrote: »

There is a way around it.

1. Default on AMEX card, go bankrupt, etc
2. Finish your bankruptcy and become discharged
3. Move house
4. Wait at least 8 years for the address link to vanish, verify this by looking at your credit report with all CRAs. Do not apply for an Amex card until there is no link or you must return to step 3 and wait another 8 years.
5. Apply for Amex card, they will not know you are the same person as the person that defaulted.

This involves 8+ years of waiting, possibly up to 11+ years, as every application you make for a non-amex card in the first 3 years or so of residence of your new address may form an additional link that will stay for 8 years.

Imagine how much of your life will have gone!! Forget about Amex, get another card and move on, I think..

rtho782

I agree, it would be crazy, there are no shortage of cc providers about!

Anthorn

camelot1971 wrote: »

I'm not sure why you are struggling with the concept of this.

A blacklist would mean the company wouldn't tell you why they don't want to deal with you or they would lie. Amex aren't lying - they are completely transparent that it is because you owed money you didn't repay.

A company keeping a list of people who didn't pay their debts is not illegal.

I'm not struggling with the concept.

Oh yes a blacklist is illegal according to the Data Protection Act if it's a secret and they don't supply information about it when asked as I have already explained and supplied proof.

You disagree and provide an alternative view which has no basis in law or if it does you do not provide proof.

What remains is how the OP knows about a blacklist if Amex have not told him or anyone else about it.

gandygoose

Anthorn wrote: »

Oh yes a blacklist is illegal according to the Data Protection Act if it's a secret and they don't supply information about it when asked as I have already explained and supplied proof.

Where was it stated or alleged that American Express keep this list secret, or don't supply information when asked? I can't see that anywhere in this thread.

Has anyone asked for information and had American Express refuse to disclose?

gandygoose

Thinking a bit more I think it's the term "black list" that's got you off on a tangent. Think about it this way, the OP had dealings with American Express and ended up defaulting. Clearly he will be aware that American Express had his details in relation to those dealings, and had a record of the default. So all that's happened is Amex have retained that data, which the OP knows that they have, for their business purposes.

Do you seriously think American Express are obliged to write to the OP at intervals explaining what data they hold?

pvt

Anthorn wrote: »

Keeping a secret list except in the case of a crime is unlawful. If you ask about it they have to tell you about it.

Where did you cook up ideas about "secret lists"?

They hold information about the OP. There is no limit as to how long they may hold that information if they consider it pertinent to do so. Their only obligation is to tell the OP about that if he asks them, and I see no evidence to suggest they wouldn't.

Anthorn wrote: »

Now it's your turn to prove your statement.

I didn't make a statement - I simply pointed out yours was wrong. How do you suggest I prove a negative?

Anthorn

pvt wrote: »

Where did you cook up ideas about "secret lists"?

They hold information about the OP. There is no limit as to how long they may hold that information if they consider it pertinent to do so. Their only obligation is to tell the OP about that if he asks them, and I see no evidence to suggest they wouldn't.



I didn't make a statement - I simply pointed out yours was wrong. How do you suggest I prove a negative?

It appears that you are disagreeing with the proof I have already provided. You provide your own explanation without any proof at all.

So if the OP hasn't asked them about a blacklist and they have not replied and provided information about a blacklist how does the OP know that a blacklist exists? More to the point how do you know the blacklist exists.

This thread now amuses me lol and it is pretty much evident that the Opening Post is pure fantasy.

The process of finding out if an application will be declined and if so why is very simple: Apply and then if the application is declined the new accounts department will explain why. But as has already been explained in previous posts why bother? There are plenty more credit cards to choose from. There is not much that's special about Amex credit cards.

Anthorn

Eh? Back in 2008 I defaulted on American Express (and diners club) and cleared the debt and today I opened a letter to discover that I'm approved for a green card. Actually it looks more turquoise to me I'm just wondering what happened to the black list ROFL

madein83

camelot1971 wrote: »

I doubt that the interest charged and paid was more than the capital borrowed in the first place that hasn't been paid back but it's not about profit, it's about the principle.

You are saying that Amex or any other credit company should "forgive" you but why should they?

I spent over £200K on the lifetime of this card. Interest charge was 22%/yr. I had the account for over 7 years, usually paying minimum or just over. When I defaulted, the debt was £10K. So that's interest + the 2% or whatever they take from merchants.

So yeah, they definitely won.

As for 'principal' - I didn't shaft them on purpose. I entered into a debt management plan because events of 2007-09 led to a number of my clients going out of business, and thus my income going down. I entered into a debt management plan and wound up being offered a 50% reduction, which I took. Not like I declared myself bankrupt and walked away from it. I paid what I was asked to pay - it just took longer, and wound up being at a reduced offer.

Again, I'm not saying any of this to wriggle out of obligation. I get that I was in the wrong. But it seems seems like a heavy-handed policy to me, when there's a million other card providers that don't operate like this, and have since turned me into another profit centre.