Comments on: I’ve Got Some Cash on Hand. Should I Settle With Amex? – James http://getoutofdebt.org/6699/ive-got-some-cash-on-hand-should-i-settle-with-amex-james Free debt help and debt advice on how to get out of debt, getting out of debt consolidation scams, and inside information on the debt relief and debt help industry. Fri, 25 May 2012 02:12:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: James http://getoutofdebt.org/6699/ive-got-some-cash-on-hand-should-i-settle-with-amex-james#comment-6702 James Fri, 24 Apr 2009 18:52:56 +0000 http://getoutofdebt.org/?p=6699#comment-6702 I contacted Amex and spoke with an account specialist. I paid $12,000 on my personal card (was at 10% interest) leaving a balance of under $2,000. They transferred the $2,000. to my business card and lowered that card's rate to 4.95%. Still $15K in debt, but with it on one card at a low rate I can pay it off in 16 months. This is what I had intended to do, but wanted to examine the pros and cons to the options available to me. Thanks for the advice and being here for those who need it. James I contacted Amex and spoke with an account specialist. I paid $12,000 on my personal card (was at 10% interest) leaving a balance of under $2,000. They transferred the $2,000. to my business card and lowered that card’s rate to 4.95%. Still $15K in debt, but with it on one card at a low rate I can pay it off in 16 months.

This is what I had intended to do, but wanted to examine the pros and cons to the options available to me.
Thanks for the advice and being here for those who need it.

James

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