Will Amex eventually lower my limit? here are the facts.
* I am the primary on the account
* 26.4K limit (was lowered 2 years ago from 27K
* in the past 3 years many negative marks on credit file. late mortgage payments, modified mortgages. etc.
* all of my mortgages are current albeit modified
* 1 credit card I stopped paying all together but my wife is the primary on that account. I am an additional card holder. I am now going to court to have this debt dismissed.
* in the past 3/4 of year or so, I have been knocking down the balance and using the card for all my purchases at the same time. spend 7k-10k a month and pay-down and additional 1k+ a month.
* new balance 19.5k
* last billing cycle Amex lowered my interest rate upon my request to 8.25 from 10.25. they put me on hold and then came back with the decision.
* they have me as holding one Amex card or another since 1994 (my employer issued the card for me at that point)
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
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The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.