American Express Optima Card Settlement

You won’t find any rewards, perks, or special benefits, and it comes with a $49 annual fee. Once you reach your goal, accept the settlement and take the deal off the table.

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On february 4, 2014, the u.s.

American express optima card settlement. Include your name, account number, the total outstanding balance and the amount of your offer. My amex was charged off in 2007 and i received the same letter a few times last year. I went through a lot of steps to verify this offer was even real and was skeptical until the day i received the card.

American express logo current balance: There is just a pre limit setting and there are no hidden fees etc. District court for the eastern district of new york granted preliminary approval of a settlement among american express and all merchants who accept american express cards settling two class action lawsuits.

You might be able to pay your settlement over a six to twelve month period but a single payment will give you the best opportunity for significant savings. You'll be eligible for other amex cards in a year. I have a fossil american express optima platinum card (not to be confused with the platinum charge card) that i have had for 12 years.

American express is a credit card insider advertiser. You're already approved for the optima, they just need you to send in the paperwork. The only point i do not like is that you cannot collect points/miles.

If you’re more than a few payments behind, you will have to negotiate a. I'm kinda torn as well. Class plaintiffs claim that american express violated the antitrust laws by imposing rules that limited.

I did receive the american express optima card as well. You may also choose to include information related to your current financial situation and an explanation of why. So american expresses collection company nation wide credit, inc.

10 points per $1 spent at restaurants and shop small merchants in the u.s. Draft your settlement proposal letter. Once your application is submitted and processed (almost guaranteed approval) you’ll receive your amex optima card in the mail.

Once you reach your goal, accept the settlement and take the deal off the table. Those who had this card have been allowed to keep it. This is very dissapointing !

The american express optima card, offered by invitation only, is for consumers that have defaulted and settled an outstanding balance on another amex card. They were willing to settle for 55% of the debt but if i paid it off in full they would send me an application for an optima with $500 and unless i had something pretty bad on my credit like a bankruptcy that they would likely approve it. The payment is given in exchange for the company settling your debt.

I currently don't have a credit card, and i'm strongly leaning towards getting the optima. American express has reached a class action lawsuit settlement over claims the company failed to notify consumers about the full terms and conditions of its gift cards. There are files that are flagged for no settlement.

Just sent me a settlement letter today for 60% of my total debt of nearly 12k. I was finally in a position to take care of the debt by either settling or paying in full and getting the new card. American express accounts can settle for as low as 25 percent of today’s balance with some of the collection agencies they use, while others may not settle for under 50 or even 60 percent.

If you purchased, received, held or used an american express gift card between january 1, 2002, and october 15, 2013, you may be eligible to claim a number of cash awards, up to. During the first 6 months (up to $25,000 spent), 5 points per $1 on flights booked with airlines or with american express travel (up to $500,000 spent per year), 5 points per $1 spent on prepaid hotels booked through. I'm 23 (graduated college in '13) so the only thing that pulls on my credit karma report are* my student loans (all current) and the cancelled amex gold (score is 622).

After i pay the $2000 left on the gold card, i will have $0 credit card debt. I called them yesterday to see if i can settle/get the derog of my credit report. American express optima platinum card autoconverted to everyday.

I am very happy with this card. It's a card with no annual fee and. They're will to settle for a little over $7k.

Over time, and with a series of negotiation calls, it’s possible to reach a settlement agreement on your american express card that you can handle. Factors like length of repayment and time since the last account activity help drive the ultimate settlement amount. The american express platinum card points per dollar earnings are as follows:

Dear sir, you have an opportunity to regain card membership. Available exclusively by invitation, this card is designed to help improve your credit and is only offered if you’ve defaulted and settled your balance on another amex card. Once you reach your goal, accept the settlement and take the deal off the table.

Amex discontinued the entire optima line a few years ago; Because of the age of your debt, american express will not sue you for it. American express settlement typically requires a lump sum payment that is less than your current outstanding credit card balance.

The amex optima is american express’ exclusive card for those with bad credit. Here is a copy of the settlement offer i get each month: American express is the only card that offers you a unique, convenient and hassle free solution by arranging payment of your monthly utility bills for electricity, telephone, cable tv, internet, subscriptions insurance and other service providers through.

The law limits how long you can be sued on a debt. And i had the gold card before and amex took my 37000points when i couldn pay the card on time. At this point since i'm about to close on my house in two months, i'd like to get this settled.

American express offers a financial hardship program to help manage your debt in the short term. Over time, and with a series of negotiation calls, it’s possible to reach a settlement agreement on your american express card that you can handle.

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