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Low amount amex debt will not be payed for some time


Summerhill
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Hello people from this forum,

I have a low amount debt with AMEX ($700) and will not be able to pay for the first time in about 10 years, and probably will not be able to pay a single dollar in the next 2 or 3 years. My wish would be that this debt is kept, with interest adding up, until I can get access to dollars again, so that I don´t loose the amex card, but I know it´s an impossible dream. I will have trouble.

I live outside the U. S,A. but the AMEX is from an american bank, I used to pay every month directly from a bank account but this account has been closed and foreign currency (dollars) in my country are really, really hard to get and very expensive.

What will happen to me? What should I do?

Thank you very much, and forgive my bad english.

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10 hours ago, Summerhill said:

My wish would be that this debt is kept, with interest adding up, until I can get access to dollars again, so that I don´t loose the amex card, but I know it´s an impossible dream. I will have trouble.

You will lose the card when you stop paying and there is absolutely NO way AMEX will wait 2-3 years for you to pay.  You have that right.

10 hours ago, Summerhill said:

What will happen to me? What should I do?

If you are outside the USA there is nothing that will happen to you from AMEX.  In the USA they would sue you within a year for the debt and get a judgment.  Living in a foreign country you are outside the jurisdiction of the US courts and therefore cannot be served for a suit.  What you need to watch for is AMEX using sewer service to serve you alternatively and get the judgment.  Though they are not known for doing that.

AMEX will black list you from getting another card as long as you owe them money.  Beyond that, being in a foreign country there is nothing AMEX can "do" to you.

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