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American Express Optima Card Settlement

I currently don't have a credit card, and i'm strongly leaning towards getting the optima. American express offers a financial hardship program to help manage your debt in the short term.


Amex Optima Credit Card Amex Optima Credit Card Flickr

Those who had this card have been allowed to keep it.

American express optima card settlement. I went through a lot of steps to verify this offer was even real and was skeptical until the day i received the card. At this point since i'm about to close on my house in two months, i'd like to get this settled. 10 points per $1 spent at restaurants and shop small merchants in the u.s.

Include your name, account number, the total outstanding balance and the amount of your offer. American express settlement typically requires a lump sum payment that is less than your current outstanding credit card balance. After i pay the $2000 left on the gold card, i will have $0 credit card debt.

If you purchased, received, held or used an american express gift card between january 1, 2002, and october 15, 2013, you may be eligible to claim a number of cash awards, up to. American express is the only card that offers you a unique, convenient and hassle free solution by arranging payment of your monthly utility bills for electricity, telephone, cable tv, internet, subscriptions insurance and other service providers through. There is just a pre limit setting and there are no hidden fees etc.

I called them yesterday to see if i can settle/get the derog of my credit report. Draft your settlement proposal letter. American express logo current balance:

Once your application is submitted and processed (almost guaranteed approval) you’ll receive your amex optima card in the mail. Once you reach your goal, accept the settlement and take the deal off the table. I did receive the american express optima card as well.

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Once you reach your goal, accept the settlement and take the deal off the table. American express optima platinum card autoconverted to everyday. The law limits how long you can be sued on a debt.

Over time, and with a series of negotiation calls, it’s possible to reach a settlement agreement on your american express card that you can handle. The amex optima is american express’ exclusive card for those with bad credit. They were willing to settle for 55% of the debt but if i paid it off in full they would send me an application for an optima with $500 and unless i had something pretty bad on my credit like a bankruptcy that they would likely approve it.

You'll be eligible for other amex cards in a year. I am very happy with this card. So american expresses collection company nation wide credit, inc.

Here is a copy of the settlement offer i get each month: The american express platinum card points per dollar earnings are as follows: American express is a credit card insider advertiser.

And i had the gold card before and amex took my 37000points when i couldn pay the card on time. I'm kinda torn as well. The payment is given in exchange for the company settling your debt.

I was finally in a position to take care of the debt by either settling or paying in full and getting the new card. You might be able to pay your settlement over a six to twelve month period but a single payment will give you the best opportunity for significant savings. You may also choose to include information related to your current financial situation and an explanation of why.

You won’t find any rewards, perks, or special benefits, and it comes with a $49 annual fee. This is very dissapointing ! They're will to settle for a little over $7k.

There are files that are flagged for no settlement. Just sent me a settlement letter today for 60% of my total debt of nearly 12k. I have a fossil american express optima platinum card (not to be confused with the platinum charge card) that i have had for 12 years.

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Available exclusively by invitation, this card is designed to help improve your credit and is only offered if you’ve defaulted and settled your balance on another amex card. American express accounts can settle for as low as 25 percent of today’s balance with some of the collection agencies they use, while others may not settle for under 50 or even 60 percent. District court for the eastern district of new york granted preliminary approval of a settlement among american express and all merchants who accept american express cards settling two class action lawsuits.

Over time, and with a series of negotiation calls, it’s possible to reach a settlement agreement on your american express card that you can handle. On february 4, 2014, the u.s. American express has reached a class action lawsuit settlement over claims the company failed to notify consumers about the full terms and conditions of its gift cards.

You're already approved for the optima, they just need you to send in the paperwork. Class plaintiffs claim that american express violated the antitrust laws by imposing rules that limited. The american express optima card, offered by invitation only, is for consumers that have defaulted and settled an outstanding balance on another amex card.

Factors like length of repayment and time since the last account activity help drive the ultimate settlement amount. Dear sir, you have an opportunity to regain card membership. It's a card with no annual fee and.

Once you reach your goal, accept the settlement and take the deal off the table. I'm 23 (graduated college in '13) so the only thing that pulls on my credit karma report are* my student loans (all current) and the cancelled amex gold (score is 622). My amex was charged off in 2007 and i received the same letter a few times last year.

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Amex discontinued the entire optima line a few years ago; Because of the age of your debt, american express will not sue you for it. If you’re more than a few payments behind, you will have to negotiate a.

During the first 6 months (up to $25,000 spent), 5 points per $1 on flights booked with airlines or with american express travel (up to $500,000 spent per year), 5 points per $1 spent on prepaid hotels booked through. The only point i do not like is that you cannot collect points/miles.


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American Express Optima Card Settlement

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