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About Bob87

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  1. Hello, I have a balance of about $4,800 with Gatestone from an Amex Everyday card. It is about 4 months delinquent. I haven't been in this situation before and am looking for guidance on my best choices. I've read here in other threads that sometimes a debt under $5k won't be pursued into arbitration due to costs. Is it a smart option to attempt arbitration, or should I try to negotiate a settlement offer with Gatestone? I have not spoken with Gatestone yet, but when I called Amex they confirmed that the debt was sold to them. The relevant info from my card agreement is as follows: "You wil