Amex Threatening to SUE .....

I believe he is just blowing smoke. I recently went past 180 days with them on $4,000. So far, all they have done is sent to 3 different collection agencies. No suing as of today.

I believe several people on this board are being sued by them. I could not see this happening this soon.

I'm from NYC? Just curious if I have any better leg to stand on from where I'm from. You haven't been sued and others have. What do you think the answer to that is? I thought it may just be a scare tactic too. I don't have the money for a settlement anyhow.

I read a post from maggie earlier that it's a waste of money to sue anyhow. Because it would cost them money. I owe 12k.

Just saw that you're from Michigan.

Yes no rhyme or reason for why they sue. I think it just depends on who American Express assigns it to. My 3 were not lawyers in my state so could not sue. Who knows, after time they may send to Zwicker here in Michigan.

Maggie22 knows Zwicker. Don't forget if you get sued you could always elect arbitration which seems to stop suit.

Just hope for NCO...they are the easiest.

you can never predict the future! but at 90 days this most likely is just a collector doing some illegal techniques to get you to do the restructure of a payment plan that is not in your best interest in the end.

do you have bigger debts to settle first or is this the main one ?

i always tell my clients to settle the biggest hurdles first so next settlement is that much easier.


keep focused and keep you best interest first and NOT them.

SORRY OZZIE69 but ARBITRATION is a thing of the past! It has been placed on "hold: for several years until the law suits all settle down.

AE has been after me for 3 years. Validation has not been supplied to my specifications!
American Express(thru FirstSourceeee India collection company) places an alert on my credit report every 30 days like clockwork!!! :judgment/lawsuit pending for about 7 months now. NO DATE NO COURT NO CASE NUMBER??? BOGUS attempts to get me to pay up!

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So i got another call from an anonymous number which turned out to be the same guy saying he's going to sue me. I called American Express and they said my account had been switched to American Express Legal. I don't think they have any affiliation with american express. How do I know if I can elect to do arbitration? I'm 90 days late or more. He wants to come up with a payment plan. What is my next course of action? Obviously I'm scared about a lawsuit because ...duh I'm broke.... so is there a way I can prevent this and get out of this?

Am I going to get totally screwed here? I really am broke but i figured over the summer the big time in my business I would make enough to pay off a few settlements. But its feeling as if I'm going to need a lot of money fast. Amex is the only one really knocking on the door right now. So i guess I don't need to really freak out yet. I thought I'd have a few more months to get that settlement money for AMEX but I do not want a lawsuit. advice?

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I would just keep telling him "I have no money to pay". This could go on for another 90 days until charge off. I had $3,700 charge off last month and has gone to 3 different collection agencies representing American Express.

To sue you they need an attorney in you state. If they try then you ask to elect arbitratation.

I am in the same boat, I have not received any thing in the mail from Zwicker yet but several phone calls and we talked about settlements and then he tried me to get in to the payment plan. He brought up law suite several times.
I do not understand how could they bring up the lawsuite and i do not have any thing in writing.
So sent them the debt verification and arbitration letter certified with return apply.
I hope I did not send this to early?

I received a letter yesterday in the mail. It says its with the Collectiojns Management and Strategy Group. Basically it says they have options to help me pay my debt ( payment arrangements and whatnot), and if I don't pay in a manner acceptable with American Express they will commence legal action against me. So, yes I take it that this debt is with their in house attorneys. But what do I do now? I thought a debt verification letter is sent to someone else who has my debt. but this hasn't gone to anyone else. I have called American Express and they will said its not with them anymore, although from the gist of this letter, it's just with another dept.
So do I send an arbitration letter to them so I can buy more time? I have no money !!!! Looks like I'm going to get sued? Does Amex normally just send it to their legal dept and sue? I thought they sent it off to someone. Also its been about 90 days.
Any help or responses on this?

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Thanks Ozzie69, I hope you are right.
One thing I forgot to mention, this is the business blue account and business been closed for years and it was used for personal house hold stuff. Does it change any thing. Am I still safe, I owe about 8K 90 days behind.

I don't think it really matters what you spent money on, ie business or personal.

So you suggest I should ignore the, " We're going to sue you, " keep saying I have no money ( which is the truth ) until they actually sue me? And then if they do elect Arbitration? Can I elect arbitration after they sue me? Is this what normally happens? It goes to their in house lawyers and they threaten lawsuits before its charged off?

I would send the arbitration letter now if you believe they will sue you. I think it is too late after they sue you.

Ozzie69,
[COLOR=black]Do you know if business account can be sued even after the arbitration is chosen? If they still chose to sue after receiving the Arbitration are they violating any law?[/COLOR]

[QUOTE=Anonymous;665829]Ozzie69,
[COLOR=black]Do you know if business account can be sued even after the arbitration is chosen? If they still chose to sue after receiving the Arbitration are they violating any law?[/COLOR][/QUOTE]

PM Maggie22. He is the expert here on Arbitration.

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I have seen Maggie22 say that a lawsuit is dropped once arbitration is requested, so it can be done after being sued.

Mojo

I read that same statement by Maggie22. He said you can also pull arbitration card if it is with collection agency.

Apparently, if card is more current Arbitration has been removed by most cc companies. But if defaulted last year should be okay.

Well I was sued by Amex and have to send an answer to the court. I was going to elect arbitration but I read on another forum in NYC arbitration doesn't make anyone worry. It goes to arbitration and more than likely the judge will find that you owe the money and maybe settle in arbitration on Amex's terms because, one, you owe the money, and two, you can't claim you don't owe the money.
I went to see a lawyer an dhe suggests chapter 7. He suggested not settling because you'll owe money on taxes because of it, you'll need the moeny to settle. So why not keep your money and chapter 7. If you qualify, and I might. he's say chapter 13 is stupid. But why not keep your money and file.
I ahte to say I was hoping to fight the good fight and settle, but boom lawsuit from Amex and now I'm less than thrilled what road I may be traveling.

I think you still need to send letter to Lawyer saying you want to elect arbitration per card agreement. Does not matter what state you are in and Arbitration will cost Amer Ex. Send PM to Maggie22 for more advice.

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