American Express. two cards.. (hope i am right area, newbie member)

hope you all are not tired of this, BUT........

so, today i get a letter from american xpress......... director of american express, looks like a form letter, but says, WE WANT YOU BACK, please call our atty , and arrange for payments so we can get you a new optima card..........so , this is the platinum card atty, who i agreed to pay 1,000 per month, which i can do, but the amx black card atty wants 5,000 per month, and i have little money. so will call tommorrow, see if they can get the other card attorney to agree, but is all this just being generated by their system, no personal contact here? is this pointless?

 

Wow , Silence Is Deadly Here

ok.so i gather that silence here is how the board says............... YOUR COOKED.? GUESS I MUST DECLARE BANKRUPTCY.......... DAMN, WANTED TO WORK THIS OUT............... if anyone comes up with ANYTHING, please let me know, thaks so much for everyones help so far.................night

 

Amx Now Suing Me In Court

ANYONE? ANY IDEAS...the attorney says i must responsed by jan 13th. from what i have read on the board here, i was very caustious about agreeing that the debt with them was valid, but of course in tons of previous letters to amx, nat cred, the other attorney, but they kept asking me on the phone, which is of course recorded... "ok so you acknowledge this debt? does the amount look correct. so i was leary, i said, no, I am unsure at this point , if we cannot work out an amount that I can pay monthly once we determine what I owe, well, i need to get advices, he said do you have an attorney, i said, well,, i have talked to different people, he said so, are you going to declare bankruptcy? i said i had to go and would get back to him, anything else i can do?

 

Catleg... I do appreciate your response.But I have to point something out here. I often read comments ,mostly in the mtg help forums. about how reckless loans and mtgs were made. made to people who could never have made the payments. and there are many cases of that. but what is happening more so now as this economic crash moves into the different areas of people , well there are many people who made great incomes for (in my case 20+ years). so american express here was not lax in lending me money and letting me charge large amts on my cards. because i always paid it back and on time. up until last june 2008 I had a 700 plus credit score and had for almost 15yrs. what everyone must realize is just like one day you can wake up with a lump that you never had andsuddenly you are facing a horrific disease.same with the economy the way it is right now, your economic world can change in a matter of months when your successful business stops almost overnight.you go through savings, credit cards... believe me it can happen to ANYONE.so you deal with it, i did nothing wrong, i was responsible,amer express did nothing wrong in lending money to me, i was a prime candidate for such cards..and i paid them off each month. what i feel is wrong is now not trying to work with me to get them paid off. Also them not realizing that the govt helping them , allowing them to join the banking system , sort of a bailout, well, how bout they help me out? strange all of this is working. seems like the consumer is picking up the tab but getting none of the benefits

 

latest AMX NEWS

So, first off..........thanks again to everyone who has responded i truly appreciate all your comments and help. I had not heard anything or gotten any phone calls on my two amx accounts 1. 95,000 2. 15,000 . but then yesterday. a tenant from a rental house my sister and i own, called said someone dropped off a notice that i am being sued. well, for about 5 secs i was embarrassed since it was in no wrapper , nothing , just the whole details and all for our tenant to read. not sure why law firm would deliever it there, i was not even on title till a few months ago, and my home address is all over the paperwork, also they did not require and signature, the attorney for amx is in orange county they are suing me for 95,000 in santa monica court it says i have 30 days to repsond, but i just got this last night , its doc stamped the 7th of january 2009 . seems odd, that they just deliver it now. so.. reminding, i wanted to pay , 2,000 on the 95,000 just for about 6-8 mths when i can try to raise the money, i got phone call from general counsels office of amx. but she offered no help, i have not called the attorney who is representing amx, because i found out that "with my good intentions" i was a fool and offered past attornerys and collections people to much information and ammunition against me... SO? ANY SUGGESTIONS WHAT I DO NOW? thanks so very much................ Davis. I am due in court Feb 7th 2009... last page of summons says i may qualify for new program of arbitration , informal process NON BINDING assist in settlement? should i do this? thanks

 

Thanks again, everyone for your help. yes i do have assests, i have tried to sell different properties, but always afraid i will lose my good tenants , and not sure if the properities have any equity left in most of them the decline has be really severe, i have done all my own modifications , but my business income is has really dropped dramatically, I am selling one asset that i hope will get me some money to pay people and amx. just really depends on when and if it sells and how much i get, but yes, the amounts are in the millions that i owe.so, have hung on for almost a year now, would prefer to be able to stall to be able to liquidate some things, what are the options here? with assessts that appear in the millions, but with debts and mtgs that are also in the millions, is there a way to hold off this judgement from amx (that will probably happen ,cause i have acknowledged that i owe the debt) there is no judgement yet, i have to go to court on the 7th of febuary, if i call this attorney on monday, can anyone offer me any advice as to waht to say? ask? not say? thank you, they always ask if i have started bankuptcy yet.. any ideas?? thanks again

 

just checking to see if anyone has any ideas , should i call the attorney tommorrow to see if they are open now to a lower monthly payment? do i need to be careful what i say? also can anyone recc a good atty in los angeles who specializes in this stuff? thank you

 

Thank you for your help. i will keep everyone posted just in case someone else runs into this problem, gosh with all the news about people losing their jobs and homes and banks failing, i am figuring many others must be in my same situation. its an eye opener, your life changes dramatically ... thanks again

 

Update, being sued for 2 amx accounts

So I was referred to top notch attorney. retainer is almost $4,000. seems so crazy, that is money i could give to amx toward my account. so , i thought , what does it hurt to call them last time and say that to get them to take my offer to pay $1,125 on the $15,000 account. and $2,125 a month on the $95,000 account.... just for the next 6mths till i can liquidate. well the small acount agreed and i called attorney for larger account and it seemed odd, this clerk asst. said no problem can you start paying us today, now do check on phone, i responded, well, i need something in writing and als that you will stop the lawsuit, he said oh ok, let me get that, my instincts say this is odd, please advise if anyone here knows what i should require before i send any money. thank s