My Income is Dropping and I Want to Settle My American Express Card

Question: Dear Steve, I’m 67 years old, self-employed for 45 years. Working less now, scaling down to live on a declining income. I own a small IRA “nest egg”, an emergency fund rather than a source of income, and my Social Security is minimal. Eventually, I will be applying for State and County aid. Until … Read more

Amex is Refusing My Settlement Offer. What Now? – Jenie

“Dear Steve, 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 … Read more