1. Apr 17, 2003 #1
   

   timmyq Well-Known Member

   I just got a notice from a CA that AMEX is willing to settle for 75% of the bill. Anyone have any experience with settling? Good or bad idea?

    

2. Today's Featured Deals

   Low Interest Rate

   Barclaycard Ring™ Mastercard®

   

   No annual fee, No balance transfer fees, No foreign transaction fees, Low interest!

   CREDIT CARD WITH NO ANNUAL FEE
   Barclaycard Ring™ Mastercard®

   

   

   Bad Credit

   Credit One Unsecured Visa®
   for Rebuilding Credit

   

   Credit card for people with bad credit to rebuild credit!

   BAD CREDIT CREDIT CARD
   Credit One Bank® Rebuild Credit

   

   

   Bad/Limited Credit

   First Access Visa® Credit Card

   

   Access to credit even with bad or limited credit! Reports to 3 major credit bureaus and accepted wherever you see the Visa® sign nationwide. Get application response in 60 seconds.

   CREDIT CARD FOR BAD CREDIT
   First Access VISA®

   

   

   Secured Card

   Green Dot primor® Visa®
   Classic Secured Credit Card

   

   Credit lines available up to $5,000! Reports to three national credit bureaus; perfect card for reestablishing credit.

   SECURED CARD FOR REBUILDING CREDIT
   primor Secured Visa Classic

   

   

   Cash Back

   Credit One Bank® Unsecured Visa® with Cash Back Rewards

   

   Get cash back on every purchase. Unsecured credit card with monthly monitoring for credit line increases. Improve your credit history with responsible use.

   CASH BACK UNSECURED VISA
   Credit One Bank

   

   
3. Apr 17, 2003 #2
   

   Marie Well-Known Member

   40-60% is closer to a good deal for settling an account with an Amex CA.

    
4. Apr 17, 2003 #3
   

   kkewl Well-Known Member

   Or you could just pay them nothing since it will show up on your credit reports, anyway...
   My dad settled w/AmEx in the 80's and his credit was ruined for 7 years, (I think...maybe 10?) even though he paid them 70% of the debt.

    

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in