In a fit of weakness last month I began to apply for credit. I racked up quite a few inquiries, mostly on Experian. I applied for three Amex cards. One was approved. I applied for Target which was approved and Discover which was denied. I applied for two Citibank cards which were approved with only one inquiry on TU. I disputed the Target, Discover and all but one Amex inquiry with Experian. Two Amex inquiries were removed today. I also applied for Amex back in May which was declined and disputed away the inquiry. I have concluded unscientifically that Amex never verifies inquiries. For the hell of it and before my new Amex card reports I've just started a dispute on the remaining inquiry.
Lets say that they PAY $5.00 to pull a credit report... You dispute the INQUIRY...they pay $35.00 to investigate it... THEY HAVE MORE TO LOSE BY INVESTIGATING IT, THAN IGNORING IT!!! YOU WIN... For some reason, waiting 90 + days after the inquiry works best...
LIGHTBULB FLASH - COOL then let's all continually apply for credit (of which we will continually get denied because of 2000+ inquiries) then we dispute the inquiries...at $40 bucks a shot we can bankrupt them each in about 6 months )) ---Devlish laughter-- Bwaaahahaaaa -Peace, Dave
not sure about amex not verifying inquiries. I disputed two recent amex inquiries from experian and they came back verified! But it might have been because I did get approved for those cards lol.
I'll bet Dave's strategy of disputing before the new card reports is the key with AmEx. By the way, is "Inquiry Mania" the unipolar opposite of "Inquiry Depression"? Will brisk walks outside, a regimen of Zoloft, and a couple years of psychotherapy help? I'm ready to write it up as a suggested inclusion for the next revision of the DSM. Doc
Doc, it sure felt like it to me. That would be cool if I made it into the Diagnostic and Statistical Manual. Maybe DSM-V will be DaveLV's big break!
Re:AMEX doesn't dispute inquries.. Good Guess Dave. Amex does not dispute inquiries unless there is a question of fraud. Below, please find some of my phone notes regarding research of AMex: ------------------------------------------------------------ New Acct Division 1-800-962-7227 American Express Credit Bureau Contact Unit xxxxx,Fl Mrs. xxxxx, called her on 10/xx/01 954-xxx-xxxx Address for Legal Service; Al Kelley, Pres. Ken Chenault, CEO Executive Offices 200 Vesey St. NY, NY 10285-4900 Customer Relations Dept. Nadine x- unknown or Shain x- 9142578 877 581 0876 Fax 866 635 3501 Telephone Contact - Note Highlights 10/xx/01-Mrs. xxxxx mentioned that contrary to popular belief, AMEX receives UDF dispute forms from all CRAs, including Equifax, TransUnion, and Experian, involving disputes that have been initiated to the CRAs by certified letter, as all incorrect information is disputable,in the UDF form. Interestingly, the actual application for an AMEX card is not in the AMEX Credit Bureau Contact Unit database that actually receives the dispute, and they are not authorized to go looking for the credit card application, so as a general rule, all requests for verification of inquiries by Amex are not ever confirmed or denied, or responded to in any way, except possible fraud, as they just canâ??t access the information on the application. Therefore ALL CRA inquiry disputes involving Amex should result in the inquiry being removed as it was not confirmed within required 30 day verification window. FYI-Any request for reconsideration may result in another credit report being pulled,usually eq, but exp also possible. ------------------------------------------------------------ Personal note- not really a good idea to dispute a cc acct that is reporting as cras may stigmatize your future disputes. VJ
Re: Re:AMEX doesn't dispute inqurie VJ, that should be "200 Vesey St." I believe Bessey is a cow. In any event, Vesey St., the address for the World Financial Center in Manhattan, was evacuated following the tragedy that occurred immediately next door on September 11. Of course mail to American Express is being forwarded. Doc
Re: Re:AMEX doesn't dispute inqurie Correctly edited,thanks. I said good phone notes,not perfect.Still good info. VJ
Re: Re:AMEX doesn't dispute inqurie YES! Discover deleted today too. Now the only two inquiries showing in the last six months are from Target and Amex -- both of which were approved. My pre-inquiry mania score was 666, down to 643 with five inquiries and now back up to 657 today. I should get that 660's score back if either Target or Amex is deleted before the new accounts report.
Re: Re:AMEX doesn't dispute inqurie George, How did you calculate that it costs them that much to investigate?
Re: Re:AMEX doesn't dispute inqurie DaveLV, I know this has been asked 1000 times, but did you dipute online at EX through CreditExpert? I can't get a single inquiry removed from any of the 3 no matter how I try, online or letter.
Re: Re:AMEX doesn't dispute inqurie Everytime I dispute inquiries one ALWAYS comes back verified, then I dispute a few more and that one that WAS verified comes off and a new one is verified, same cycle. Kellie
