What Debt Consolidation Company Handles American Express?Do Not Be Intimidated By American Express For better or worse, we all have heard of stories about American Express. Along with terrible customer service and exorbitant fees and interest rates, American Express is known for not being very accommodating or accepting compromises on payment arrangements. They are known for increasing interest rates and minimum payments for having even one late payment or one over the limit. Rather than focusing on the negatives, let’s take a look at the positives. With changes in credit card laws starting n early 2010, American Express will be required by law to be more accommodating to consumers.
Despite these changes in the law, American Express and other credit card companies will likely find sneaky ways to take advantage of consumers that are experiencing financial trouble. Your first step when you are not pleased with your credit account, whether due to a fee or an increase in interest rate, is to call customer service. Politely ask for them to help you. Request a supervisor. In many cases, the company (yes, even American Express) will be happy to assist you. What Debt Consolidation Company Handles American Express There may be times when you are not able to go it alone. For example, if your interest rate is 29% on a $7000 balance, you will be paying $170 a month in interest alone. That’s just one example! If you find that you are unable to negotiate with American Express alone, consider the assistance of a debt consolidation or consumer credit counseling agency. A great place to start is by calling the 800-number above. Live representatives can answer questions about your personal situation and get you started on the path to financial freedom (and no more mail from American Express!). Remember that this call does not commit you to anything. Empower yourself with an advocate working for you!
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