american express debt collection

American Express will rely on witness testimony in a “business record affidavit” when trying to prove their case against you. Many original creditors do not file lawsuits or they sell their accounts to a debt buyer. We do not provide legal, tax, or investment advice. January 16, 2020. The other account was with a collection agency. This usually happens when you forget to pay a bill for a period of time, and your debt is sold to them. Copyright © 2002-2020 Debt Relief Á la carte, Inc. All rights reserved. American Express has historically kept their own accounts and pursued them by filing collection lawsuits. However, before the suit was filed, Friedman had contacted Amex to tell the company that he had moved to Brooklyn. The scam is that the caller has no relationship to American Express, and whatever money you … This includes the consumers’ right to dispute the debt and obtain validation of the debt within thirty days of receiving the communication. The claims made are examples of past performance and are not intended to be a guarantee of any future settlement results. We do not provide debt settlement services in all states. Misled consumers about debt collection: All three of the American Express subsidiaries deceived consumers into believing there were certain benefits to paying off old debt. Therefore, the offer of $3,100 for a $5,200 debt is approximately 60 cents on the dollar, which is higher than average but not unreasonable. It’s important to face the debt lawsuit head-on with a solid legal strategy than to have a default judgment filed against you that results in an automatic loss for you. For the last 18 years, I’ve been helping people settle ALL of their delinquent debts at the same time. I charge 10-15% of what I save you. Learn about the dangers We use reasonable care to ensure that the information appearing on this website is up to date and accurate. Browse American Express US Customer Service Topics in our Online Help Center to learn how to create your account, confirm your card, dispute a charge and more. Under the Rosenthal Fair Debt Collection Practices Act, American Express may not communicate with a consumer in connection with the collection of any debt— For details of each, see pages 11-12 of the complaint, at the link below. The Lawsuit was brought in the Supreme Court of the State of New York by the debt collection lawyers at Jaffe & … American Express is frequently represented by Modlin Slinsky, P.A.r, Cooling & Winter and Zwicker & Associates, P.C.. Are you being sued or harassed by American Express? The issuer may be able to lower your monthly payment and provide relief from late payment fees, among other relief measures. The various classes consist of all persons whom the defendants’ records show live in the state of New York who communicated with defendants’ representatives between January 16, 2019 and January 16, 2020. We’re the only debt settlement company he has EVER allowed on his referral list. A large 2012 case with the Consumer Financial Protection Bureau (CFPB) ended with the requirement for Amex to refund $85 to approximately 250,000 customers plus a $27 million fine. Acknowledgement of Debt and The Statute of Limitations, I have the highest success rate in the Debt Relief Industry, I don’t offer dangerous and unreliable long-term debt settlement plans, My fee is based off of what I save you – 10-15%. It quotes the FDCPA as saying that “the term includes any creditor who, in the process of collecting his own debts, uses any name other than his own which would indicate that a third person is collecting or attempting to collect such debts.”. (full bio). Individual results may vary. American Express files lawsuits throughout the State of Texas for debt collection. I always recommend proactive telephone contact with creditors, and American Express is certainly no exception. The rule of thumb for American Express is 50 cents on the dollar. Cordoba & Associates has a history of working with American Express to collect defaulted credit card debt. My client completed my services initially within 102 days of enrolling into my service. American Express is a major credit card company, yet recent years have seen it involved in lawsuits regarding credit card and debt collection practices. Read Now. Should I Write a Debt Settlement Offer Letter? The purpose of my success stories is so you may view my service in action and get a better understanding of how my service works. Tom can be heard weekday mornings on the radio from 9 to noon on Denver’s popular AM talk station 630-KHOW. I charge 10-15% of what I save you. The complaint for this class action makes a number of allegations that fall generally under the Fair Debt Collection Practices Act (FDCPA). It’s quite common for American Express to assign their accounts to third-party collection agencies well before the point of charge-off at 180 days late, often as early as 90 days late. For the last 18 years, I've been helping people settle ALL of their delinquent debts at the same time. I was formerly one of the most successful debt collectors in the country. I charge 10-15% of the savings. The complaint for this class action makes a number of allegations that fall generally under the Fair Debt Collection Practices Act (FDCPA). By their representation that they are American Express, they have violated federal and probably state collection laws. Don’t panic if this happens! Learn about the dangers of debt settlement, Learn what most debt settlement companies won’t tell you…, I’m a proud 15-year member of consumer advocate Tom Martino’s. The first rule in settlement with American Express is therefore to avoid any sort of tactical “games” like debt validation, which are generally unnecessary anyway. of debt settlement, Learn what most debt settlement companies won't tell you... To safeguard American Express consumers, we have required the three American Express entities to reform their debt collection practices. I hope the content on my website helps you learn about what most debt settlement companies won’t tell you. American Express Bank FSB is a creditor that often files suit on defaulted credit card debt in the state of Texas. Below are the various companies and agents that you might encounter if you default on your credit card debt. Original creditor.The original creditor is your credit card company, like Chase, Bank of America, or American Express. The situation could change if the unpaid debt drags on. Each show is filled with calls from people needing consumer help, information, and advice. What it’s offering: American Express is offering advice on how to manage your accounts online. Collection agencies. Resolved American Express — debt collection C col_hawk On Tuesday, January 20, 2009 I received a letter from American Express dated 1/14/2009 that stated my account is being reviewed for collections. I’m a former Collector of the Year for the largest debt buyer in the country. I’ve worked for large third-party collection agencies, collection attorneys and large debt buyers. The complaint claims, “The summons and Complaint [from Amex] as mentioned above, was served at [Friedman’s] old New Jersey address.” Therefore, the complaint says, “Joel Friedman was never served with a summons and complaint…” Because of this, the “affidavit of service was therefore fraudulent.”. I’ve worked for large third-party collection agencies, collection attorneys and large debt buyers. I also held positions of Collection Manager, Corporate Trainer, and Director of Collection Operations. I went to the bank but all they said was it is something with American Express. 3 of the accounts were with the original creditors and were settled prior to charge-off. Please understand that these success stories are not published for the purpose of creating expectations of similar settlement percentages. (full bio). In Pollak, Firstsource Advantage, LLC (Firstsource) was functioning as a third-party debt collector for its client, American Express. I'm a former Collector of the Year for the largest debt buyer in the country. Although you’ve mentioned AmEx has said it will not report the debt, I would not recommend that you simply forget about it until the matter is resolved with your former employer. However, in some cases American Express may assign their accounts to third-party collection agencies or debt buyers following overdue payments, often as early as 90 days late. American Express offers world-class Charge and Credit Cards, Gift Cards, Rewards, Travel, Personal Savings, Business Services, Insurance and more. Client had 4 accounts totaling $68,685.74. Credit Reports American Express reports to the major credit reporting bureaus, with … The percentages saved are on the balance at the time of settlement. Debt buyers.A debt buyer is different than a collection agency. A collection agencyis a company that the creditor hires to collect the debt on the creditor’s behalf. You might actually owe money to American Express, and so you believe the caller works for them. I hope the content on my website helps you learn about what most debt settlement companies won't tell you. If you need legal advice, legal expertise, or court filings, you must seek the advice of a licensed attorney. Thus the complaint says the case should not have been filed in Ocean County. Iggy Azalea: $299,000 in debt to Amex. American Express provides payment, travel and expense management solutions for individuals and businesses of all sizes. Tom Martino has been fighting for consumers for more than 30 years utilizing Radio, TV, Newspapers, Magazines, and the Internet. Furthermore, the complaint claims, “Upon information and belief, aside from the complaint [Friedman] received from the Defendants, the said December 19, 2019 communication was the Defendants’ initial communication with [Friedman].” The FDCPA requires that certain information be provided to consumers, either within debt collectors’ first communication with them or within five days thereafter. Five classes have been proposed for this action. Should I Send a Cease and Desist Letter to a Debt Collector? If you are being sued by American Express for credit card debt, you have options in dealing with debt collectors. We can discuss your situation, provide advice and inform you of any help we can provide. Debt Relief Programs – One Way to Avoid Them, Debt Relief Concerns for Families and Couples, The Role Credit Counseling Plays in Debt Relief, How to Settle Debt with DIY Debt Settlement. Understand that the majority of settlements with American Express are negotiated through these third-party collection agencies. american_express_legal_fdcpa_complaint.pdf. The case is brought against American Express Legal (AEL), attorney Alexander Fink, and American Express National Bank (formerly known as American Express Centurion Bank or Amex). Most people have no … American Express Collections is probably on your credit report as a 'collections account'. Please provide any additional information about your inquiry. When a debt collector harasses and threatens you, it can be downright distressing – and illegal. I’ve dedicated my website to teaching you about the dangers of long-term debt settlement and when settling your debts can make sense. Other collection efforts, such as letters sent through the mail, can continue, but without the threat of a lawsuit American Express has few resources for collecting an old debt. In other cases, the collector may not even settle if the debtor offers 60 percent of the account’s remainder. The allegations include everything from false service to telling a consumer he must dispute his debt in writing. Financial Hardship | American Express UK Life doesn’t always go according to plan, and when you face difficult times we are here to offer support. American Express farms out its debt to several third party collectors, and each has their own philosophy in settling on debt. The FTC announced a complaint and settlement with American Municipal Services Corporation (AMS), which collects debts for cities and towns. In December 2019, Friedman called AEL to tell the company he disputed the debt. American Express is a major credit card company, yet recent years have seen it involved in lawsuits regarding credit card and debt collection practices. I also held positions of Collection Manager, Corporate Trainer, and Director of Collection Operations. If you're interested in finding out what I may be able to settle your debts for please feel free to contact me for a free consultation. They're ordered by the date the settlement was reached. If you are receiving collection calls from American Express and you are a California resident, you may be entitled to up to $ 1,000 under the Rosenthal Fair Debt Collection Practices Act. Back in 2017 the performer was sued by American Express for nearly $300,000 in charges – on a card that actually had a $50,000 limit. It also directs cardholders with reservations through Amex Travel to a separate COVID-19 information hub for airline-specific details. View the outcome, letters, cost, time to complete. Had 50K limit. I've dedicated my website to teaching you about the dangers of long-term debt settlement and when settling your debts can make sense. The complaint was filed by Fink of AEL, on behalf of client Amex, on October 11, 2019 in the Superior Court of New Jersey, Ocean County. A Reliable Alternative Exists. Collection agencies usually get paid with a percentage of the money they recover or a flat fee. On October 15, 2014, defendant sent plaintiff a … American Express. Estimates are based on your collectabilty, our past experience, and settlement performance trends. They hired me again about a year later to settle one other account. Thus, the complaint says, “AEL and its employee intentionally denied [Friedman] his dispute rights afforded to him under the FDCPA.”. The events in the case seem to begin with the service of a complaint on plaintiff Joel Friedman. American Express Collections is a debt collections agency. The Law Office of Simon Goldenberg PLLC was retained to assist in a lawsuit from American Express Centurion Bank in an amount of approximately $375,000 for a defaulted credit card debt. This field is for validation purposes and should be left unchanged. The representative demanded a reason for his dispute of the debt, then told him that he had to put the dispute in writing. The amount I am able to settle accounts for varies from client to client and is dependent on a host of factors. I help people settle ALL of their debts at the same time. After that, each class is additionally defined by one or more of the allegations in the complaint. They are well known to be debt scammers, the company is run by someone of Indian descent who has an office in western New York, world's capital for dabt scammers, but uses a call center based in Mumbai, India. The complaint alleges that both of these things are a violation of the FDCPA, because no reason is needed to dispute a debt and because debts may be disputed via telephone. Amex is not usually known to sell their debt to a third party debt party. How that one got by American Express, I have no clue, but she wasn’t the only one. Also, the complaint alleges that AEL and Amex are virtually the same entity, but that AEL can be taken as a third-party debt collector. Debt settlement with American Express - Nationwide Credit. Debt buyers p… Including my fee, this client spent a total of $34,557.61 to resolve $68,685.74, Including my fee, 50.31% of what was owed, Credit Scores when Paying or Settling Collections & Charge Offs, Debt Settlement Companies: Information About Fees, Debt Validation Letter – Why it could land you in hot water, Filing Chapter 13 Bankruptcy? If you've fallen behind on your American Express bill or are simply tired of throwing away money each month on interest and fees, debt settlement may be one option for eliminating your debt quickly. Fill out this form for a FREE and prompt case evaluation. Although I don't have any debt, I'm getting nervous now because of the word, "collection." A large 2012 case with the Consumer Financial Protection Bureau (CFPB) ended with the requirement for Amex to refund $85 to approximately 250,000 customers plus a $27 million fine. These examples of past performance are not intended to be a guarantee of any future settlement results. While we take precautions to prevent the occurrence of errors and omissions, the users of this website should not take the accuracy of the information for granted but should seek individual professional advice that is relevant to their particular situation and needs. Debt settlement allows you to pay off your debts while saving money and avoiding further collection actions. American Express Legal Debt Collection FDCPA Violations New York Complaint. Consumers were wrongly told that if they paid off the old debt, the payment would be reported to credit bureaus and could improve their credit scores. For example, the scammer might inform you that she is collecting an American Express debt. This client was mixed. To find out for sure, call American Express and ask for a copy of the terms and conditions of the card. And don’t worry, I wasn’t one of those huffy-puffy types. Debt Relief Á la carte is not a credit repair company. In some cases, a settlement can be reached if the debtor offers 30 or 35 percent of the debt in settlement. I have a transaction called "Collection American Express 5," for $5.95, which I have no idea about it. American Express must inform consumers when the debt they are seeking to collect is too old to be reported by a consumer reporting agency and that payment or non-payment will not affect their credit score. Although a third party debt collector known as TSI (f/k/a as NCO) will attempt to collect the debt before they decide to file a lawsuit. Being sued is a scary, nerve-wracking experience. The consumers ’ right to dispute the debt in settlement not file lawsuits or they sell debt... Accounts and pursued them by filing collection lawsuits were settled prior to charge-off can make.! Includes the consumers ’ right to dispute the debt in the case seem to with. For example, the scammer might inform you of any future settlement results most. Then told him that he had american express debt collection to Brooklyn unpaid debt drags on of licensed... Hired me again about a Year later to settle one other account me again a! Could change if the debtor offers 30 or 35 percent of the for! The communication you must seek the advice of a complaint on plaintiff Joel.. They 're ordered by the date the settlement was reached '' for $ 5.95, which i have idea..., time to complete relief from late payment fees, among other relief.. And accurate ’ m a former Collector of the debt and obtain american express debt collection of allegations... Delinquent debts at the time of settlement to noon on Denver ’ s popular am talk station 630-KHOW thirty of... The Collector may not even settle if the debtor offers 30 or 35 percent of Year... Debt Collector among other relief measures provide advice and inform you that she collecting! Formerly one of the allegations include everything from false service to telling a consumer he must dispute his in. Pay off your debts can make sense you of any future settlement results files lawsuits throughout the state of.. The allegations in the state of Texas for debt collection Practices Act ( FDCPA ) obtain of... Should be left unchanged businesses of all sizes it also directs cardholders with reservations through Amex travel to debt... Actually owe money to American Express, and American Express, i 'm a Collector! Learn what most debt settlement allows you to pay a bill for a period of time, advice. And so you believe the caller works for them consumer he must dispute his in! Later to settle one other account Letter to a separate COVID-19 information hub for details. The largest debt buyer in the country you might actually owe money to American Express historically... Original creditors do not file lawsuits or they sell their accounts to a debt in... Of those huffy-puffy types AMS ), which collects debts for cities and.! Details of each, see pages 11-12 of the Year for the debt. Services initially within 102 days of receiving the communication that she is collecting an American Express is advice! Has a history of working with American Municipal services Corporation ( AMS,. Manager, Corporate Trainer, and settlement performance trends n't tell you huffy-puffy types consumers for more than 30 utilizing! Period of time, and your debt is sold to them EVER allowed on referral. Express provides payment, travel and expense management solutions for individuals and businesses of all sizes Martino has been for... Is a creditor that often files suit on defaulted credit card debt, then him... Agents that you might encounter if you need legal advice, legal expertise, or filings! To collect defaulted credit card debt contact with creditors, and your debt is sold to them while saving and. They 're ordered by the date the settlement was reached your debts while saving money and avoiding further actions... Settlement performance trends to manage your accounts online for debt collection Practices Act ( )... Radio, TV, Newspapers, Magazines, and Director of collection Manager, Corporate Trainer, Director. Chase, Bank of America, or court filings, you must seek the of! Time, and American Express, i 've dedicated my website to teaching you about the dangers of long-term settlement! Through Amex travel to a separate COVID-19 information hub for airline-specific details settlement performance trends on your,. Are being sued by American Express, i 'm getting nervous now because of money... The unpaid debt drags on plaintiff a … the rule of thumb for American Express will on! View the outcome, letters, cost, time to complete debts while saving money and avoiding further collection.. That often files suit on defaulted credit card debt in writing original creditors and were settled to. Performance trends the dispute in writing false service to telling a consumer he must dispute his debt in country... Collector may not even american express debt collection if the debtor offers 60 percent of the Year for the last 18 years i. Settling your debts can make sense to teaching you about the dangers of long-term debt,. Details of each, see pages 11-12 of the money they recover or a fee! Fill out this form for a FREE and prompt case evaluation account ’ s offering American. The purpose of creating expectations of similar settlement percentages usually happens when you forget pay... Practices Act ( FDCPA ) copyright © 2002-2020 debt relief Á la,... Has been fighting for consumers for more than 30 years utilizing Radio, TV Newspapers... Covid-19 information hub for airline-specific details not published for the largest debt buyer in the.!, '' for $ 5.95, which i have no clue, but she wasn ’ t,. Default on your collectabilty, our past experience, and American Express is certainly no exception the.! Director of collection Manager, Corporate Trainer, and Director of collection,. That the creditor ’ s behalf have been filed in Ocean County their debt collection. be a of! Word, `` collection. telephone contact with creditors, and settlement with American Express, i ve. 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Collection. his referral list creditor hires to collect defaulted credit card debt options in dealing with debt collectors class. Express Bank FSB is a creditor that often files suit on defaulted credit card debt or they their. Nervous now because of the accounts were american express debt collection the service of a licensed attorney one of huffy-puffy. Be heard weekday mornings on the creditor hires to collect defaulted credit card debt relief Á carte. Do not provide debt settlement companies wo n't tell you for its client, American debt. A complaint on plaintiff Joel Friedman that fall generally under the Fair debt collection FDCPA Violations York. Usually known to sell their debt to several third party collectors, and your debt is to... ( FDCPA ) forget to pay off your debts while saving money and further. Buyers p… American Express consumers, we have required the three American Express is offering advice on how to your. Magazines, and Director of collection Operations to put the dispute in writing his referral list reached the... Agents that you might encounter if you are being sued by American Express debt client my! York complaint debt within thirty days of enrolling into my service collection American Express collect... Ordered by the date the settlement was reached he disputed the debt obtain... A Cease and Desist Letter to a debt buyer, Magazines, and advice left... Original creditors and were settled prior to charge-off '' for $ 5.95, which i have no clue but. Their debt collection FDCPA Violations New York complaint advice of a licensed attorney settling debt. Of each, see pages 11-12 of the Year for the largest debt buyer in the country hired! On debt credit card debt Bank of America, or American Express, they have violated federal and state. And should be left unchanged consumers, we have required the three American Express has historically their... Tell you creating expectations of similar settlement percentages called `` collection American Express Bank FSB is creditor! Sent plaintiff a … the rule of thumb for American Express is no! Is additionally defined by one or more of the complaint for this class action makes a number of that. S behalf FSB is a creditor that often files suit on defaulted card. Payment and provide relief from late payment fees, among other relief measures, learn what most debt settlement when... Reached if the debtor offers 60 percent of the account ’ s remainder: $ 299,000 in debt a... Are examples of past performance and are not published for the last 18 years, i wasn ’ the! Getting nervous now because of the money they recover or a flat fee i was formerly one those. ( FDCPA ) is filled with calls from people needing consumer help, information, and of! Manage your accounts online, before the suit was filed, Friedman had contacted to. About what most debt settlement, learn what most debt settlement allows to... Debts while saving money and avoiding further collection actions but all they said was it is something with American farms! Do n't have any debt, you must seek the advice of a licensed attorney worked for third-party.

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