Thus, the complaint says, “AEL and its employee intentionally denied [Friedman] his dispute rights afforded to him under the FDCPA.”. For the last 18 years, I've been helping people settle ALL of their delinquent debts at the same time. Credit Reports American Express reports to the major credit reporting bureaus, with … I also held positions of Collection Manager, Corporate Trainer, and Director of Collection Operations. A collection agencyis a company that the creditor hires to collect the debt on the creditor’s behalf. Debt settlement allows you to pay off your debts while saving money and avoiding further collection actions. However, before the suit was filed, Friedman had contacted Amex to tell the company that he had moved to Brooklyn. You might actually owe money to American Express, and so you believe the caller works for them. I charge 10-15% of what I save you. Learn about the dangers of debt settlement, Learn what most debt settlement companies won’t tell you…, I’m a proud 15-year member of consumer advocate Tom Martino’s. Collection agencies usually get paid with a percentage of the money they recover or a flat fee. 3 of the accounts were with the original creditors and were settled prior to charge-off. Furthermore, the complaint claims, “Upon information and belief, aside from the complaint [Friedman] received from the Defendants, the said December 19, 2019 communication was the Defendants’ initial communication with [Friedman].” The FDCPA requires that certain information be provided to consumers, either within debt collectors’ first communication with them or within five days thereafter. The case is brought against American Express Legal (AEL), attorney Alexander Fink, and American Express National Bank (formerly known as American Express Centurion Bank or Amex). American Express Legal Debt Collection FDCPA Violations New York Complaint. Below are the various companies and agents that you might encounter if you default on your credit card debt. American Express offers world-class Charge and Credit Cards, Gift Cards, Rewards, Travel, Personal Savings, Business Services, Insurance and more. We’re the only debt settlement company he has EVER allowed on his referral list. American Express is frequently represented by Modlin Slinsky, P.A.r, Cooling & Winter and Zwicker & Associates, P.C.. Are you being sued or harassed by American Express? Although I don't have any debt, I'm getting nervous now because of the word, "collection." The representative demanded a reason for his dispute of the debt, then told him that he had to put the dispute in writing. In December 2019, Friedman called AEL to tell the company he disputed the debt. Although a third party debt collector known as TSI (f/k/a as NCO) will attempt to collect the debt before they decide to file a lawsuit. Cordoba & Associates has a history of working with American Express to collect defaulted credit card debt. To safeguard American Express consumers, we have required the three American Express entities to reform their debt collection practices. What it’s offering: American Express is offering advice on how to manage your accounts online. American Express will rely on witness testimony in a “business record affidavit” when trying to prove their case against you. However, in some cases American Express may assign their accounts to third-party collection agencies or debt buyers following overdue payments, often as early as 90 days late. The percentages saved are on the balance at the time of settlement. Don’t panic if this happens! 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