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AMEX Personal Loan

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difringe
Established Contributor

AMEX Personal Loan

Got a pre-approval for up to $25k from AMEX and decided to take it to consolidate some credit card debt. Extremely painless process, I have all my reports locked, was approved in a couple of minutes with soft pulls for $20k, got the money in my bank account the next morning. I have a balance on one of my 3 AMEX cards.

Message 1 of 9
8 REPLIES 8
Traveler101
Established Contributor

Re: AMEX Personal Loan

Congratulations. Good terms?

Message 2 of 9
CorpCrMgr1
Valued Contributor

Re: AMEX Personal Loan

Congratulations on your loan approval!

Message 3 of 9
gorgon
Established Contributor

Re: AMEX Personal Loan

Congrats!

Message 4 of 9
TRC_WA
Senior Contributor

Re: AMEX Personal Loan

Scores?  Terms?

FICO8 current as of : 4-17-24 EQ: 724 TU: 707 EX: 706
Hard INQs last 12 months: EQ: 5 | TU: 8 | EX: 9
Verizon Visa $8500 Amex Delta Reserve $10,000 Care Credit $18,000
NFCU CashRewards $7500 Apple Card $7000 Best Buy $8000 Amazon $5000
NFCU auto loan (2022 Ford Bronco Sport Badlands - Cactus Gray) 6.95%
NFCU motorcycle loan (2024 Harley Davidson Road Glide - Alpine Green & Chrome) 9.45%
Total CL: $64,000 --- Total CC UTI: 27% --- AAoA: 5.5 years --- Income: $200k
Last app: 4-6-24
Message 5 of 9
Habibimo
Regular Contributor

Re: AMEX Personal Loan

I was in the market for personal loan too. Have used discover PL $30,000 a few years ago. Paid it off within 6 months. Thought about doing it again, got denied and reason given was debt too high relative to income. Then I remembered good old fico forums from years ago and searched here. Saw your post and applied with amex. 

Pre approved for 30k. Entered the info and was approved on the spot. 25k loan, 24, 36, or 48 months all at 6.98%.

 

Thank you for unknowingly helping me out 😄

|| Amex BCE $18,000 || QuickSilver WMC $8,500 || Freedom Visa Signature $10,000 || Discover IT $11,800 || BestBuy $2,800 || Venture Visa Signature $17,750 || NASA FCU Platinum Cash Rewards $7,000 || Amazon Store Card $20,000 || Overstock $11,500 || Lowe's $25,000 || NFCU Platinum $9,600 || Chase Marriott $10,000 || Chase FU $15,7000 || NFCU CLOC $15,000 ||
Message 6 of 9
FicoMike0
Established Contributor

Re: AMEX Personal Loan

congratulations!

Message 7 of 9
Janneman
Established Contributor

Re: AMEX Personal Loan


@difringe wrote:

Got a pre-approval for up to $25k from AMEX and decided to take it to consolidate some credit card debt. Extremely painless process, I have all my reports locked, was approved in a couple of minutes with soft pulls for $20k, got the money in my bank account the next morning. I have a balance on one of my 3 AMEX cards.


How long you have been with Amex? You decided this 'approved loan amount' or their system did? Any POI document was requested? What was APR on this loan? Thanks

Message 8 of 9
keekers
Established Contributor

Re: AMEX Personal Loan

Congrats.


Message 9 of 9
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