If you are being sued by American Express for credit card debt, you have options in dealing with debt collectors. It’s important to face the debt lawsuit head-on with a solid legal strategy than to have a default judgment filed against you that results in an automatic loss for you. I am often asked if you can reach a debt settlement with American Express. Yes, it’s highly probable to settle with American Express and save money by reaching a negotiation with AMEX Legal, an in-house group of attorneys soley representing AMEX on defaulted credit card debt.
For instance, a debtor to AMEX was battling cancer while going through a nasty divorce when she got notice that a lawsuit had been filed against her for her AMEX credit card debt. A debt relief law firm negotiated an American Express debt settlement on her balance due, which was in excess of $37,800. Through extensive negotiations, the law firm hired by AMEX agreed to accept $10,000 instead of the full $37,800 of the credit card debt owed. This cancer-stricken borrower saved approximately 75% of the balance due, or $27,800.
Being Sued By American Express?
If you are being sued by American Express National Bank, do not ignore the lawsuit. Being served notice of a lawsuit from American Express means they are prepared to take active measures to collect the credit card debt you owe. You could face debt collection harassment such as collection calls, garnished wages, property liens, and/or wage garnishments if a judgment is entered against you. AMEX has vast legal teams that do nothing but sue credit card consumers in default. You need a formidable legal defense to settle with American Express.
A consumer owed $16,363 on an AMEX credit card. He also has about $70,000 in other credit card debt that he was unable to pay due to a number of hardships. AMEX eventually referred this account out to Nationwide Credit, Inc., a large collection agency. After negotiating for a short period of time, American Express agreed to a debt settlement with the terms that the consumer would only pay 40% of the total amount of the debt due. And because Nationwide had already agreed to settlement on some other debts owed by this consumer on different account, they agreed to accept payments of just $10 per month for a few months until the consumer freed up settlement funds that were going toward the other accounts. After that, the settlement payments gradually will increase at a rate that is affordable to him. He saved $9,817 on this American Express debt settlement.
What To Do If Sued By American Express (AXP)
If you are dealing with debt collectors for an American Express credit card, there are some things you can do to stop the harassment.
- File a proper response to the AMEX lawsuit, so that a default judgment isn’t entered against you in a court of law. If a default judgment is entered against you, then you lose the lawsuit without ever getting a chance to fight back.
- Contact APX Legal and ask for proof of the debt. Your chances of reaching a favorable American Express debt settlement increase if the necessary proof cannot be provided. However, keep in mind that there are certain deadlines a consumer must adhere to make such a request. If you are uncertain about these deadlines, reach out to a consumer law attorney to see if they can assist you.
- Find out if the lawsuit complies with the Statute of Limitations.
- Contest improper service in terms of notifying you of the lawsuit.
- You could have a counterclaim if the plaintiff violates the Fair Debt Collection Practices Act.
Settle Debt With American Express
If you are sued over American Express credit card debt, then contact us for a free debt consultation at 844-729-4866 to see if we can help you get out of it and settle your credit card debt. It is possible to win a credit card debt lawsuit with the help of a debt lawyer. An experienced attorney can provide you with a promising credit card lawsuit defense and save you money. As our clients will tell you, the money we save them far outweighs our attorney fees. The Debt Settlement Lawyer has offices in San Diego, CA – but we help consumers throughout the State of California with American Express debt settlements. Below are more of our American Express debt settlement client stories.
- A consumer owed American Express $33,036. Before a lawsuit was filed, AMEX demanded a full balance payoff, payable in monthly installments. American Express subsequently sued the consumer for the full balance. After a brief back and forth negotiation, American Express agreed to a debt settlement for $16,000, payable over a 15-month term. This consumer saved 52% on the balance due on this account.
- Another consumer owed American Express $4,074.02. He also had approximately $120,000 in other credit card debt that he became unable to pay due to a number of hardships. AMEX eventually referred this account out to Firstsource Advantage, a large collection agency. After explaining his extensive hardships and other debts due, Firstsource agreed to accept $1,262 to settle this account in one lump sum. This consumer saved $2,812.00 (appriximately 70% savings on the total debt due).
- A young lady owed American Express $35,351.12. She defaulted in payment on this account, as well as several others. AMEX eventually filed a lawsuit against her seeking the full balance due. Over the course of the next year, the debt settlement lawyer continued efforts to negotiate a settlement for her due to the pending lawsuit filed by Michael & Associates. With a pending trial date, she agreed to settle this debt for $20,000.00, payable over a period of 24 months. She saved $15,351.12 and got her into a debt settlement that she can afford to pay over time.
- Another consumer owed American Express a lo balance of $2,366.35. The account went into collections when she could longer afford the payments. AMEX sent the account to Firstsource to handle further collections. Once the account reached Firstsource, the account was “ripe” for settlement. Her debt settlement lawyer offered and Firstsource accepted $830 to settle. Due to some confusion, the account shifted back to AMEX before the settlement payment could be made. After proof of the prior arrangement was presented, AMEX agreed to honor and accept the deal. The consumer saved $1,535.35 (65% of the balance due) on this account.
- Another consumer owed American Express $35,351.12 and could no longer make the payments. American Express sued her for the full balance due. Facing trial, she did not dispute the amount due and agreed to settle the debt for $20,000, payable over 24 months. Her debt settlement lawyer saved her over $15,000 on this debt and avoided a trial and a potential judgment that would have had her on the hook for the entire amount due.
- American Express hired the law firm Nelson & Kennard, to file a lawsuit against a consumer for an account totaling $30,096.72. The account ended up settling for $15,500 (payable in two payments) without having to file an Answer and fight this out in court. The cardholder saved $14,596.72 on this account.
- A business owner had a construction company that did not survive the recession. He owed American Express Bank $27,442.36 on a credit card used for this business when he was forced to close it down. American Express sued him and the business for the full amount due, plus court costs and attorney’s fees of $630. AMEX agreed to a debt settlement for a one-time, lump sum payment of $12,000, without having to file an Answer to the lawsuit. The business owner saved $16,072.36 (a 60% discount on the amount claimed due).
- A consumer owed $7,804.07 to American Express/Citibank for a Costco credit card. He became unable to pay this account after his business shut down. The account eventually got referred out to debt collection agency Credit Control. Once with them, his debt settlement lawyer negotiated a settlement of $2,731.42, which is approximately 35% of the total balance due. That’s a savings of $5,072.65 on this delinquent credit card debt.
- A recent college graduate owed American Express $2,366.55. She had been in default for over a year on this credit card account that she used to make ends meet while in college. AMEX sent the account out to FirstSource for further debt collection efforts. They originally asked for 50% of the debt to settle. After some back and forth regarding her hardships, they agreed to accept a lump sum of $830 to settle this account. She saved $1,536.55 (65%) of the balance due.
- After falling behind on her American Express $3,369, AMEX sent her account to Nationwide Credit, which is one of their debt collection agencies. Nationwide originally requested that she pay 60% of this balance to have the account considered settled in full. After a series of phone calls back and forth, explaining that our she is unemployed, Nationwide agreed to accept approximately 30% of the balance, which came out to $1,050.00. She saved $2,319.00 on this account.
- An elderly gentleman owed American Express approximately $6,320. He started getting phone calls from 877-434-3248, but the caller would not leave a message. We later learned that this number belongs to American Express Global Collections. After speaking with a representative, American Express Global agreed to settle this account in a lump sum for $2,212, which is 35% of the total balance due.
Jonathan B. Haskett is a debt attorney serving clients in California and focuses exclusively in debt relief. He is licensed to practice in California. Mr. Haskett owns and operates The Debt Settlement Lawyer in San Diego, and helps people with debt problems all over the country, if possible. For more information, please contact attorney Jonathan Haskett at 844-729-4866, or jonathan@thedebtsettlementlawyer.com. or use our online contact form.