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Debt Settlement with Amex

Submitted by Erin Miles on Tue, 08/24/2010 - 18:12

I just settled my debt with American Express through a CA for 35 cents to a dollar and they agreed a payment plan of three months. I told them that I will sent them a money order but they refused instead they said they will take it out from my checking account. Is it safe to do this?

that's fine. I settled with their debt buyers for 11 cents. it's fine so long as they send you a letter that they agree to everything. See if they will also include that you Settled in Full. This way you don't get a 1099-C for income.

Submitted by on Thu, 08/26/2010 - 05:19

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One of my relatives also went for a settlement, not with AMEX, but with Chase. They also took the money from his checking account, but would give out a pre debit notification upon withdrawal, I presume it is safe. Hope this helps

Submitted by on Sat, 08/28/2010 - 01:08

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Yes there will not be any problem as long as you get the agreement that you have settled the amount completely.For further queiries go to the link given below
Robert Brown no posting solicitory info or links per TOS.

Submitted by robert.brown131 on Wed, 09/08/2010 - 19:34


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