American Express Collections


Is American Express Collections hurting your credit score?

Schedule a free credit consultation to find out how you can eliminate inaccurate and questionable negative information from your credit report.

Who is American Express?

American Express, often abbreviated as Amex, is a multinational financial services corporation based in New York City. Founded in 1850, the company has grown into one of the largest and most recognizable names in the financial industry, renowned particularly for its charge card and credit card services.

In the United States, American Express is one of the biggest credit card issuers, known for its range of consumer, business, and corporate credit cards. These cards offer various benefits and rewards programs, often tailored to cater to the needs of different user profiles, such as frequent travelers, small business owners, or those looking for cashback benefits.

However, like any credit card issuer, American Express expects cardholders to meet their agreed-upon payment obligations. If a cardholder fails to make their monthly payments, the account may go into default. This default can be reported to credit bureaus and listed on your credit report as a collection account.

How can I remove Amex Collections from my credit report?

Collections can hurt your credit score and remain on your credit report for up to seven years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.

However, it is possible to remove a collection account from your credit history before seven years.

(While debt collectors may not want this information to be widely known, it’s your right to be informed.)

Ready to Raise Your Credit Score?

Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.

Professional credit repair services work with people who want to get their credit back on track.

In addition to collections, they can help you to challenge other inaccurate, unfair, or unsubstantiated information on your credit report. These items include inquiries, late payments, charge-offs, foreclosures, repossessions, bankruptcies, and more.

Get started on the path to better credit today: Fill out the form for a free credit consultation.

Should I contact or pay American Express?

Before contacting a collection agency, verify that the debt is legitimate and accurately reported. Sometimes, credit reports contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock. As a result, it could harm your credit rather than improve it.

The most effective way to deal with American Express collections is to work with a credit repair professional. They help remove millions of negative items every year from companies like American Express on behalf of their clients.

Will American Express sue me or garnish my wages?

American Express can sue for unpaid credit card debts. If they win the lawsuit, they might obtain a court order to garnish your wages. This means a portion of your paycheck would be directly sent to them to pay off the debt.

However, legal action is usually not the first recourse for a credit card issuer. They are likely to attempt multiple communications and payment arrangements with you first. If you’re unable to pay your debt, American Express may sell your debt to a collection agency, which can then decide whether to pursue legal action.

American Express Collections Complaints

Most collection agencies have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most consumer complaints are about inaccurate reporting, harassment, or failure to verify a debt. If a debt collector is harassing you, you may want to consider filing a complaint.

You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). These rights include the ability to dispute credit reporting errors and to be treated fairly and respectfully by debt collectors.

Your Rights When Dealing with American Express Collections

Debt collectors must abide by state and federal laws in the United States. For example, the FDCPA prohibits a debt collector from using abusive, unfair, or deceptive practices. In addition, it provides you with many rights to ensure that collection agencies don’t take advantage of you. In particular:

  • It is a violation of federal law for American Express to report inaccurate or incomplete information about you.
  • You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate.
  • American Express may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
  • American Express must be honest about who they are and what they are attempting to do. They must notify you that they are a debt collection agency both orally and in writing.
  • American Express cannot threaten to have you arrested or imprisoned over unpaid debts.

Remove American Express Collections From Your Credit Report Today!

Credit Saint can assist you in disputing American Express credit card accounts. With years of experience at their disposal, these professionals have a proven track record of effectively removing incorrect entries for countless clients.

If you’re tired of dealing with debt collectors and want to improve your credit, consider working with a trusted credit repair company.

They have helped many people in your situation. Fill out the form on their website or give them a call at (855) 281-1510 for a free credit consultation to see what they can do for you.

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Meet the author

Crediful is your go-to destination for all things related to personal finance. We're dedicated to helping you achieve financial freedom and make informed financial decisions. Our team of financial experts and enthusiasts brings you articles and resources on topics like budgeting, credit, saving, investing, and more.