| amex - their approach to non payment [message #383630] |
Do, 27 April 2006 23:08 |
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Has anyone any experience of approaching amex to negotiate a re
payment schedule on a charge card account ? I hear they are not very
nice when you cant pay, not sure wether to carry on struggling or
declare my hand and offer what I can manage.
Any advice, not general, just amex specific
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| Re: amex - their approach to non payment [message #383631 ] |
Do, 27 April 2006 23:49 |
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"lots once" <spiro [at] aol.com> wrote in message
news:75c25254iqteen1r0rru5l59p5gq2fqb8n [at] 4ax.com...
> Has anyone any experience of approaching amex to negotiate a re
> payment schedule on a charge card account ? I hear they are not very
> nice when you cant pay, not sure wether to carry on struggling or
> declare my hand and offer what I can manage.
>
> Any advice, not general, just amex specific
maybe they will agree to xfer it to one of their credit cards? Then get a 0%
interest card and pay it off from there. (or even if they just agree a
schedule with interest it will be punitive so do that anyway)Then pay the 0%
card off over time, then cut the cards up since you obviously cant be
trusted.
--
Tumbleweed
email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
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| Re: amex - their approach to non payment [message #383640 ] |
Fr, 28 April 2006 07:24 |
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lots once wrote:
> Has anyone any experience of approaching amex to negotiate a re
> payment schedule on a charge card account ? I hear they are not very
> nice when you cant pay, not sure wether to carry on struggling or
> declare my hand and offer what I can manage.
>
> Any advice, not general, just amex specific
My brother went through a "debt consolidation" process which ended up
with him agreeing specific lower monthly repayments on all sorts of
debts from Electricity to credit/charge cards. As I recall Amex were
the one card issuer which steadfastly refused to agree to freeze his
debt interest and allow an extended repayment period. Fortunately he was
able to repay the account in full a few months later and close it.
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| Re: amex - their approach to non payment [message #383641 ] |
Fr, 28 April 2006 08:18 |
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On Thu, 27 Apr 2006 22:49:45 +0100, "Tumbleweed"
<thisaccountneverread [at] yahoo.com> wrote:
)Then pay the 0%
>card off over time, then cut the cards up since you obviously cant be
>trusted.
Thanks for the assumption, however I have been trusted, and
trustworthy, for years. However, a severe and sudden reduction in
income leaves me able to pay my other debts at minimum payment level
for a whil. Amex minimum payment is the full amount...if it were a
creit card I wouldnt be posting this.
At the moment, I wouldnt get a card from anyone, because I have level
of borrowing appropriate to a 45 k salary which I also had untill
recently....now I dont :-(
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| Re: amex - their approach to non payment [message #383642 ] |
Fr, 28 April 2006 08:26 |
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"lots once" <spiro [at] aol.com> wrote in message
news:mmc352dshhdj70in3p3fn7hg57t1ugid60 [at] 4ax.com...
> On Thu, 27 Apr 2006 22:49:45 +0100, "Tumbleweed"
> <thisaccountneverread [at] yahoo.com> wrote:
>
> )Then pay the 0%
>>card off over time, then cut the cards up since you obviously cant be
>>trusted.
>
> Thanks for the assumption, however I have been trusted, and
> trustworthy, for years. However, a severe and sudden reduction in
> income leaves me able to pay my other debts at minimum payment level
> for a whil. Amex minimum payment is the full amount...if it were a
> creit card I wouldnt be posting this.
If you built up your credit/charge debt to the level that you cant repay it
if you lose your job, then my comment still applies. Even at worst you could
have got redundancy insurance if you were getting in too deep which by
definition you were.
>
> At the moment, I wouldnt get a card from anyone, because I have level
> of borrowing appropriate to a 45 k salary which I also had untill
> recently....now I dont :-(
That assumption on credit card criteriamay well be wrong, nothing to lose by
trying, I know people on v low income including student loans only, who have
been given cards.
--
Tumbleweed
email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
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| Re: amex - their approach to non payment [message #383643 ] |
Fr, 28 April 2006 11:22 |
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"lots once" <spiro [at] aol.com> wrote in message
news:75c25254iqteen1r0rru5l59p5gq2fqb8n [at] 4ax.com...
> Has anyone any experience of approaching amex to negotiate a re
> payment schedule on a charge card account ? I hear they are not very
> nice when you cant pay, not sure wether to carry on struggling or
> declare my hand and offer what I can manage.
>
> Any advice, not general, just amex specific
I would just accept that your credit rating could get dented for a while and
priorotise any mortgage payments before considering keeping amex "happy".
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