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Discussion in 'Credit Talk' started by milmil, Oct 6, 2000.
my currently score is 575 alll charge off /collections are paid off .
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RE: AMEX>>CORP CARD was
Iteresting.....I got my Corporate card in June right before I started cleaning up my credit. I had collections, charge offs, messed up student loans that were reporting inaccurately, and a $1200 judgement and they still gave me a card! I was shocked to say the least. My card did come with spending restrictions (travel: $5k retail: $500). But I got the card. I would just try to reapply and see what happens.
I was told by my companies Am/Ex site administrator that if you are denied for the Corporate card that your boss can "Guarentee" your card...meaning that if you default on any charges that you boss with have to cover it out of the department budget. So, basically accounting will pay it and then charge your boss's dept back. So, I guess it's kinda like co-signing.