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Amex Nationwide Credit Inc.


gk1125
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Hi

My mom got herself in the hole with Amex, $20k. She is about 3-4 months past due and the account was sent to Nationwide Credit Inc. I have spoken to NCI on her behalf a few times and agreed to settle the balance for $10,980. Do you think I can shave more $ off or should I just pay this and clear this mess up? Would it be harder to get a deal later since she didnt follow thru with this deal? Any help would be greatly appreciated.

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I have 2 Amex accounts with Nationwide. I've gotten them to 40% on the one, and 50% on the other.

If you are set on settling, I would ask them for 35% and you will "borrow the money" and wire today.... They will drop below 50%, but just need permission from Amex to do so.

Let them know you want to pay what you can, but can't afford 50%. Don't let them talk you into entering a stream of payments deal for the full balance. That's how they make more money.

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Exactly. You should settle with the amount of money you want to pay. You can probably get lower than 50%, especially if you tell them you can make the payment immediately.

You might want to type of a letter stating the amount you can pay in one single payment, and see what their response is. Remember: they want money and you're willing to pay; you want all things to work out the best for you; not the company so don't let them surround you in a corner.

Good luck to both you and your mom!

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