About that Amex blacklist...

ambc

Potbellypig wrote: »

So they do actually exist?

If you google 'amex blacklist', you'll see a lot of US based content and forum posts that strongly suggest that Amex do maintain some kind of list, although they likely don't call it a 'blacklist' internally. And the responses I've had from applications I've made to them over the last few years seem to suggest that they've been keeping a record of me over and above what they receive from CRAs.

I don't know about other CC companies, though.

To be honest, they've probably already read this post, searched their database for the info I've given above and cancelled my card. Someone at Amex is gonna get it from their boss when they arrive at work today: "Own up... who's gone and approved ambc for a card again?!"

System

jpsartre wrote: »

But they did (at least assuming the account won't be cancelled at a later stage).

I know. I am surprised. Will take them a long time to make that £2k back from one consumer (assuming they dont default again). Seems very very risky. I wouldn't.

A bit worrying that the OP seems to think that AMEX owe them an account of credit (bloody mindedness comment).

ambc

beany_bot wrote: »

As such I wouldn't be surprised if they never lent to you again.

Erm... did you read the thread? Amex has had me on some kind of 'blacklist' for several years now. I've applied again and it appears that someone has either screwed up and approved me, or that the 'blacklist' is time limited. I thought this info might help someone.

Thanks for your continued support though. :rotfl:

ambc

beany_bot wrote: »

A bit worrying that the OP seems to think that AMEX owe them an account of credit (bloody mindedness comment).

Haha. What on earth makes you think that?

System

ambc wrote: »

Erm... did you read the thread? Amex has had me on some kind of 'blacklist' for several years now. I've applied again and it appears that someone has either screwed up and approved me, or that the 'blacklist' is time limited. I thought this info might help someone.

Thanks for your continued support though. :rotfl:

Yeah I read it. I see you got your credit card. I'm just saying I am surprised at AMEX's business model.

Credit card companies tend to try and minimise risk. You have already cost them £2000.

bengalknights

All financial companies maintain a list of customer who breached T&C's, whether they enforce them is another matter.

ambc

beany_bot wrote: »

Credit card companies tend to try and minimise risk.

Of course they do. A bankruptcy is visible on a credit file for a minimum of 6 years, during which time it's incredibly difficult to get any kind of credit. And, during which time, most people are able to get themselves back on track.

Maybe Amex minimise their own risk by keeping 'problem' accounts on a 12 year time-limited internal blacklist? Who knows? I'm as surprised as you are. But again, I thought this info might be useful for someone.

Aware this isn't the right board for this line of discussion, but you seem to be suggesting that bankruptcy (whether due to irresponsibility or unavoidable unfortunate circumstances or anything else) should mean a black mark for life? Jeez.

Again, thanks for your continued support and understanding.

Paul_DNAP

I think it is reasonably prudent for them to have a "waiting time" to see if you get back on steady financial feet after the BR before they extend a card to you again. So, whilst maybe not a total black mark, maybe a very dark grey one that signals them to take extra caution?


Anyway, well done !

System

ambc wrote: »

Aware this isn't the right board for this line of discussion, but you seem to be suggesting that bankruptcy (whether due to irresponsibility or unavoidable unfortunate circumstances or anything else) should mean a black mark for life? Jeez.

Again, thanks for your continued support and understanding.

I'm not suggesting anything? I'm just saying (entirely on topic with your thread). That I am surprised AMEX would lend to you again, as are you. Not that any lender would lend to you.

I mean if I lent a friend £2000 and they never paid it back.... I wouldn't lend to them again.

Also, just as comment. I've never heard of bankruptcy referred to as "an unavoidable temporary blip".

I mean, a single missed payment on a credit card might be described as a temporary "blip". But bankruptcy? Just seems a bit.... well flippant if I am being honest. Alas, who am I to judge.

NewToTheUkAgain

Out of curiosity did Amex take a CCJ against you? I know it’s a low amount, but a friend had a CCJ against her from Amex for £1600.