Amx didnt accept pay 2 del nxt step

According to the the reports I pulled from Mycreditkeeper.com American Express is the only current charge off showing and I'd like to get them off my report. I have one other charge offs showing paid and OK status that I will be working on as well. I sent a letter to them via PlanetFeedback and this was their reply

Dear <my name>:

Your recent e-mail has been received in the Executive Offices of American
Express. Mr. Chenault has asked me to respond on his behalf and I
apologize for any delay in my response.

We are certainly sympathetic to the situations you have described. At
American Express, we attempt to work with our Cardmembers whenever
possible. We are also aware that certain unexpected circumstances may
arise which will cause a delinquency in the account. However, it is also
important to understand that the continued success of our business depends
upon our established payment guidelines, which support our business goals.

Please know that American Express is no longer attempting to collect the
debt on the account. Therefore, we are unable to establish formal payment
arrangements. Should you wish to make payments on the balance, you may do
so. However, since the account was not maintained in accordance with our
Cardmember Agreement, an unsatisfactory status will continue to be reported
to the credit bureau agencies and will remain on your report for the length
of time governed by the Fair Credit Reporting Act.

Mr. Levy, thank you for taking the time to advise us of this matter.
Perhaps future circumstances will allow us to resume our relationship.

Sincerely,

Nicole Vernon
Executive Assistant

From what I read here a paid charge off is as bad as an unpaid one and if they are not going to attempt to collect the debt I have no incentive to pay them other than the ethical fact that I did owe this money to them. Below is my original letter

Dear Mr. Chenault,

I am writing with a question about the billing or payment at American Express Company.

It has come to my attention that I have an account that your firm charged off. The account number is <act #>. According to the information I found on my credit report I owe your firm $311.00. I readily admit this is a valid debt that I owe your firm.

It came into being because I had lost my job and was unable to pay my bills for a while. I have since found full time stable employment with a job where I make significantly less per week than I made before.

I understand this is no excuse for not paying a debt I have incurred and would like to make three payments to pay this off. In exchange for paying the full debt I owe I would like you to either delete this account from the information you provide the credit bureaus you report to, or update it as paid in full, not late.

If you agree to this, the first payment would be made no later than 21 days from receipt of your agreement in the amount of $150.00 the second payment would be made four weeks later in the amount of $150.00 and the last payment would be made four weeks after that in the amount of $11.00 totaling the $311.00 I owe.

Thank you for considering my query. I look forward to your response.

Sincerely,
<me>

 

It is from 2001 so it will report until 2008. Was hoping to have it gone by December when I start looking for housing.

 

I wanted to double check the date so I went to the myfico I purchased and saw

Date of Last Activity December, 2000
Date Closed September, 2001

So if from Last Activity it will fall off December of 07 but in NJ the SOL is 3 years could that be why they won't be pursuing collections on it.

 

From the reponcse I got when I called Amex re the Oasis program I would not qualify for it. I'll end up paying it in a few weeks when I get paid for a computer repair I did

 

Re: Amx didnt accept pay 2 del nxt

fun4u2 and pd11604

Thank you both for the information on the Restrive Endorsement I will have to have a friend who understands law better than I do help me look up the statue in New Jersey for this so I can be more versed if I have to bring it to court after I (hopefully) get the check cashed.

I want to make sure I understand this from what I was able to read.

I get a certified check or money order made out to Amex and on the back of it I mark it, cashing of this check shows your agreement to mark my account paid in full never late with any credit reporting agencies you deal with.

I then wait for the check to show cashed by my bank and if the credit report is not updated with the paid in full information I then sue them in civil court for $1000.00 and agree to drop the case if thye delete my information

Do I understand that correctly?

 

Re: Re: Amx didnt accept pay 2 del

Thats why I need to find the UCC code so I can have what I plan to put on it reviewed