Amex balance of $15,000. Originally, my monthly payments were $400 and then out of nowhere, they closed my account, but funny how my statements always reflected “open spending account”. A few months later, they raised my interest rate. I stopped paying because the payment was too high.
I have been summoned, and called their attorney last week, and they will not give me more than 30 months, making my payment even more than what is was ($500). Is this legal? and should I be consulting an attorney to handle this for me?
I am trying to settle my $15,000 debt, but my creditor (AMEX) will not give me more than 30 months to pay. This is a problem. Is this fair and do I have a choice? Thank you for taking your time to help me :)
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.Amex is Refusing My Settlement Offer. What Now? - Jenie by Steve Rhode