Has anyone been successful in getting Amex added to a dmp? I spoke with a company last week who told me Amex wouldn't work with DMP's at all.
I have also read that Amex has it's own DMP program. Has anyone used it or know about it? My account is current (although over lime) until next week when my payment is due. I can't make the payment at this time and am really looking for help. I would rather not default or settle but may have no choice.
I did send Amex certified letter last week using the ideas from the sample letters on this site. I reiterated to them that I did want to pay my debt in full but would need assistance. I don't know if this letter will hurt me or help me.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.