Has anyone had success with AmEx working with you once they've filed suit? Suing for around $11k. Do I contact them directly or contact the attorney they're using? The alternative is Chapter 13 and they will get pennies on the dollar. Met with an attorney last week. I would prefer not to go that route if I don't have to.
Usually depending on the state. You'll go to a back room and discuss a payment arraingement and come to an agreement before you reach the judge and sign it. But with all the cards below. How did you get into that position? Are they close to charge off status too?
How long has it been since you made a payment? Have you checked on the Statute of Limitations (SOL) in your state? I'm in California and ended up with a default judgement for not showing up to court (I believed I was improperly served and put my head in the sand). If I would have just shown up and stated that the SOL had expired, the case would have been dismissed and I wouldn't have filed BK years later to get out from under a 50k (with 10 years of interest) judgement. Just food for thought.
As long as the parments are manageable and will not cause you to fall behind on other things, this sounds like win to me. Wells Fargo sold off my debt to a company for pennies on the dollar. That company (Persolve LLC) wanted 100% plus interest.