Amex is giving out FICO scores now in CLI denials

Tips and Deals Forums Consumer Credit Credit Cards Amex is giving out FICO scores now in CLI denials

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    • #226526

      I applied for a CLI, declined because amex hates me, BUT I got the decline notice, and it says this:

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      Dear jthedges,

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      Thank you for your recent request for a line of credit increase on your American ExpressÃ’*Card Account.

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      We regret to inform you that your request has been declined.

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      Reason(s) for Our Decision

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      Our scoring of your credit and other relevant information**(See below)

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      We evaluated your application using a credit scoring system that considers various pieces of information including your credit report.**The following key factors contributed to our evaluation:

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      Your FICO®*score (See below)

      The number of creditors who have reviewed your credit report.

      The length of time you have been a customer with American Express is too short.

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      Information About Your FICO®*Score

      We obtained your FICO score from Experian and used it in making our credit decision.**Your FICO score is a number that reflects the information in your credit report.*Your FICO score can change, depending on how the information in your credit report changes.**On May 25, 2011, your FICO score was 719.**The FICO score ranges from 300 to 850.**The following are the key factors that contributed to your FICO score:

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      Length of time accounts have been established.

      Proportion of loan balances to loan amount is too high.

      Too many inquiries in the last 12 months

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      This is interesting, anyone else get something like this??

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