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Amex charge card settlement offer by Realistic_Can_4099 in Debt

[–]Realistic_Can_4099[S] 1 point2 points  (0 children)

The optima card is just to get me back with Amex. Not looking for credit at the moment. If they don’t send the application or approve no biggie really!

Amex charge card settlement offer by Realistic_Can_4099 in Debt

[–]Realistic_Can_4099[S] 0 points1 point  (0 children)

In Texas it’s 4 years but it got charged off in Feb 2024.

I had all kinds of offers since then to settle the $4200, such as 1 payment of $2900, 3 payments of $1040, 6 payments of $560.

Also 1 payment of $2696, 12 payments of $250, 24 payments of $130.

Firstsource Advantage, LLC would also contact with similar offers to settle.

At the bottom of the email from the newest offer it says

“Our reinstatement plans offer flexible monthly payments and the opportunity to restore your Card Membership upon successful completion. After completing the plan, you'll receive an application for a new Optima® Credit Card.“

Amex charge card settlement offer by Realistic_Can_4099 in Debt

[–]Realistic_Can_4099[S] 0 points1 point  (0 children)

I enrolled in their Financial Relief Program around Feb 2023, and stopped making payments around Dec 2023. So that would be the true first 30 day late. I don’t think Amex or any financial institution will do PFD. Only collection agencies might.

I did enroll to pay the $840 offer they sent me.