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Is Amex quick to sue?

Date: Sun, 04/25/2010 - 19:03

Submitted by anonymous
on Sun, 04/25/2010 - 19:03

Posts: 202330 Credits: [Donate]

Total Replies: 5


I have heard that Amex is quick to file suit. We are 3 months late on two cards and about to be three months late on a third. Two cards are in my name and one is in my wife's. Total debt between the three is $45K.

Received two letters on Friday canceling two of the accounts. No legal threats but did say cancellation may cause negative reporting to credit agencies and possible referral to CA.

Has anyone had experience/opinion about likelihood of Amex suit.

Thanks


Quote:

Originally Posted by Anonymous
I have heard that Amex is quick to file suit. We are 3 months late on two cards and about to be three months late on a third. Two cards are in my name and one is in my wife's. Total debt between the three is $45K.

Received two letters on Friday canceling two of the accounts. No legal threats but did say cancellation may cause negative reporting to credit agencies and possible referral to CA.

Has anyone had experience/opinion about likelihood of Amex suit.

Thanks


Indeed do a search. I know one member posted his actual suit papers here. They ARE quick to sue if they see you have the $. If not, you can likely settle.


lrhall41

Submitted by dantheman on Mon, 04/26/2010 - 17:16

( Posts: 860 | Credits: )


Quote:

Originally Posted by Anonymous
I used a firm called DS Financial and they settled my AE cards for 22 cents on the dollar in 3 payments. I would call them at 866-833-6398.


Get lost and quit using these boards to prey on people that are here for genuine help.


lrhall41

Submitted by on Mon, 04/26/2010 - 19:45

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