Jump to content

Amex Zwicker


miker735
 Share

Recommended Posts

I received a collection letter from Zwicker on an Amex account and sent a DV letter with election for arb within the 30 days.  Zwicker sent a  package of statements approximately 30 days after that. I haven't heard  from them for a couple months.

 

Today I received a settlement offer from Amex Global Collections offering a 40% reduction payable over 2 years on the reduced amount.

 

If I received this new offer does it mean that Zwicker sent it back to Amex? There's no mention of Zwicker on the letter.

 

The payout is manageable but I would still rather get the amount reduced due to the fact that I have others I need to settle with including another Amex account. Has anyone had better luck with Amex in obtaining a greater than 40% reduction?

Link to comment
Share on other sites

  • 3 months later...

It seems like Amex likes to move their accounts amongst their CAs. The lawyer I spoke with claimed that Amex doesn't settle for big reductions, usually 30%. I don't know if that's fact or not. For us, we are fighting to the bitter end with them in arb since only they have everything to lose regardless of the outcome :-D

Link to comment
Share on other sites

The payout is manageable but I would still rather get the amount reduced due to the fact that I have others I need to settle with including another Amex account. Has anyone had better luck with Amex in obtaining a greater than 40% reduction?

@miker735 - I don't know of anything.  

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.