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American Express settlement

Date: Tue, 10/14/2008 - 14:18

Submitted by anonymous
on Tue, 10/14/2008 - 14:18

Posts: 202330 Credits: [Donate]

Total Replies: 2


I need an advice how to settle my $4000 of American Express. I was behind 2 months of this account because I enrolled to Credit Solutions, they ripped me off, don't do anything, so I cancel them , get the refund back (70%) and enroll to Care One Credit, but they don't handle AMEX. Should I send letter to them to ask them a settlement reducing down first or call them first? I don't know their address? Talked to their customer service, she seemed to be helpless, just want me to pay first. My interest is from 3.9% now become 17%. Please help


Just like Guest stated...hopefully it's an option for you to try & settle these accounts on your own. You're going to save yourself a lot of money that way. They aren't going to be able to "fix" things ~ they may put a bandaid on it for a little while but your credit will still suffer. A long time ago, I thought one of these companies was my answer too. I told them what I could afford to pay every month and they made payments for me...unfortunately they didn't make them on time and I was still over the limit on my cards...so needless to say my little payments meant nothing with the fees that were tacked on. Read through these boards ~ there are many people who have done this on their own *myself included* and will help with your questions. There is no quick fix for anything.


lrhall41

Submitted by debrag_25 on Wed, 10/15/2008 - 05:43

( Posts: 220 | Credits: )