Dear Sir/Madam, This is to bring to your kind notice that I sincerely tried to respond to a letter written on your letterhead asking me to call 1-877-354-8148 to settle the above referenced account number. In recent days, an unusually well-crafted phishing attack has been launched against American Express cardholders. 64% Savings. Another way is to let a debt settlement company handle the negotiating for you. American Express will generally be willing to negotiate a settlement on your credit card account if 1) you are past due on you credit card bill, and 2) you can demonstrate a legitimate financial hardship. A faxed copy is fine, and in fact most settlement letters are just fax copies of the agreement. $2496.66 Offer $1010.00 Savings $1486.66 American Express accounts can settle for as low as 35 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. I also talked to him at that no. Maybe 4 months ago I received a settlement letter for 40% over two years. The payment is given in exchange for the company settling your debt. American Express Debt Settlement Letter The following is a debt settlement letter for an account with American Express. This isn’t a matter of “trust,” or “distrust.” It’s just simple common sense that any agreement modifying your contract with American Express (or any other creditor) must be in writing. If you don’t already have a Google account, you should—use it to read and post reviews, as well as access other Google products like Gmail. All Rights Reserved. Required fields are marked *, copyright 2021 Consumer Debt Help Association - 516 N. Dixie Highway, Lantana, FL 33462. If we fell short, please tell us more so we can address your concerns. if you pay just 50% of your past due balance, we'll waive the … They paid back only $1,381.81 on the balance owed of $3,948.01. Draft your settlement proposal letter. Our goal is to help folks get their financial lives in order. The rule of thumb for American Express is 50 cents on the dollar. When I called to accept their settlement offer for another account I was told that it had already gone to collections, although the settlement offer … 2 How much a creditor will settle for depends on several factors, including your overall balance and financial situation, but it typically ranges between 30% and 60% of your outstanding balance. When it comes to settlement with American Express, there are some specific facts about this creditor that you should be aware of. That’s an incredible 75% of their debt was forgiven. View the outcome, letters, cost, time to complete. The Automated Bill Settlement facility (the “facility’) is available on all Primary American Express Cards issued by Nations Trust Bank PLC (the “Bank”). Debt settlement with American Express - Nationwide Credit. American Express Debt Settlement Letter$6,500.00 paid on balance of $21,655.31. Each creditor has its own policies for settlement amounts. American Express has long been known as the premier business credit card. Debt Relief Specialist wants to share a settlement letter from American Express. Consumer Debt Help Association is not a law firm and does not provide legal advice. Even if your creditors say they do not do settlements, you will see many of the major credit card banks like Discover Card, Capital One, Citibank, FIA Card Services, Barclays, and American Express. I received settlement offer letters from American Express. The letters were signed “American Express Global Collections.” Further the letters stated that “In order to accept the offer, please call American Express at 1-877-443-0144.” Allegedly, when the plaintiffs called the number someone identifying themselves as a representative of American Express answered the … Dealing with the death of a relative is hard enough without worrying about paying off credit card debt. Please seek financial advice from a qualified professional. Then 2 months later a letter … Balance. All content is provided for informational purposes only. We need your help. Not available in all states, state restrictions may apply. Settlement percentages exclude program fees. Thank you! Your email address will not be published. This letter is confirm our telephone conversation with Nationwide Credit, Inc. regarding settlerr:ent cf the balance owed cn your American Express account referenced above. There are NO exceptions to this rule. Amex never sold the debt and every so often I would receive letters to settle for 60% with two years of payments. Arrow Principal Services Debt Settlement Letter$400.00 paid on balance of $1,089.00. And any collection letter you receive from an attorney with letterhead showing an address in your state, or one neighboring you, is a clear indication that your risks of being sued to get you to pay have escalated. Balance owed of $ 3,242.33 þnount $ 559.00 how to do this negotiation and settlement may apply lump..., time to complete them and had already accepted their settlement offer, you can negotiate settlement. This website is not a law firm and does not provide legal.. $ 400.00 paid on balance of $ 21,655.31 top recommended debt settlement letter $ paid... With or endorsed by facebook will to settle a debt settlement with Chase, American Express debt settlement letter 400.00! Get out of debt negotiation $ 1,200.00 paid in installments over 3 months balance... 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