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Collections Law/AMEX and Nationwide Credit
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Question
I owe over 40K to AMEX that has been turned over to Nationwide Credit. I am still being charged interest, and when I called AMEX they said they had nothing to do with that decision, and when I called Nationwide Credit to see if they would lower or stop interest payments they said that they would not be able to do so unless I agreed to pay off the total in three months and that AMEX would then issue me a 1099 for the amount of interest that I did not end up paying, that this was the only plan that AMEX offered and that they had no say in the matter. Who has the power to make that decision or to help me vis a vis the interest situation...another collection agency has stopped adding interest to another AMEX account that I had that has also been placed in collections for approx. $28K
after I made payments in good faith for three months.
Nina,
Nationwide Credit in Phoenix is calling you about this right?
It sounds like they are giving you a 3 month payoff. Meaning they will not stop the late fees but are willing to settle the account.
If they settle and save you more than 599.00 you will be dinged with a 1099.
They can do far better! The more you pay, the larger the commission check. Be firm get everything in writing!
If you would like our assistance please contact us at
Https://www.OntrackFinancialGroup.com
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Answers by Expert:
Ontrack Financial Group llc
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With the credit market on a brink of collapse, the future of having good credit will be paramount. Loans will be near impossible to obtain with strict lending practices around the corner. Debt collectors and Law offices will use even stronger tactics to recover more of your hard earned money. Protecting you and your credit has to be a top priority. In 2000 Ontrack Financial Group llc founded the credit arbitration movement. More and more companies entered into the arena and new business models joined old ones. Only one company has the attitude and aptitude to truly assist our clients. Ontrack Financial Group llc is that company! With our proven credit arbitration solution, you can become Charged Off Debt free within three years or less. Our clients have eliminated their Charged Off Debts with our service and avoided communication with collection agencies and law offices in the process. Since the inception of Ontrack Financial Group™, we have continued assisting our nation-wide clientele with their burdensome unsecured debt and has enrolled thousands clients in its programs, managing millions of debt for its clients without one complaint. Ontrack Financial Group™ is a for-profit, private company and is not affiliated with the credit bureaus or the credit industry. As a result, our services are unbiased and independent, which allows us to better serve the consumer.
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Please read about us at Https://www.OntrackFinancialGroup.com
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Banking & Finance
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