An AMEX Action Group?

[smouk]

There seems to be growing body of evidence that a proportion of Amex conduct and procedures, whilst being distasteful, might also be unlawful and possibly even illegal. I personally have had more than enough of their BS and arrogance and feel that it is time to go up a gear.

 

Setting aside the issues common to all the lenders and focussing upon Amex's distinct conduct and business model, it strikes me that a lobbying exercise, targetting politicians, media and regulators might make some headway.

 

Any other 'victims' agree? If so, can you link your thread into this thread below so we can gauge the, er, 'weight'.

 

My thread is here.

[smouk]

Must be just me then

[MadKit]

Oh I'm with you, 100% of the way!

[Jargonbuster]

Hi Smouk,

Sorry, I didn't even notice this thread - a bit late but, count me in.

 

jb

[smouk]

Aplogies for the delay in replying. Currently gathering evidence re: my own predicament and will return to this subject very soon. Have contacted a couple of journos who may be interested once I've done a little more leg work!

[Desperate Daniella]

Hi Smouk,

 

I think most of us having problems with Amex would be with you here.

 

DD

[snapper2020]

Hi Smouk,

 

Yes this sounds a good idea; I found your threads and contributions extremely enlightening!

[Monty2007]

I thought we already had an Amex action group on CAG..............

 

They seem to lose a lot.........and their methods very simple to out-wit, especially if they use those Muppets' in Maidstone.

[Alphageek]

Who, not this lot surely?

 

[Monty2007]

Who, not this lot surely?

 

 

Brilliant! And with Amex pulling all their strings.............

[smouk]

I thought we already had an Amex action group on CAG..............

 

They seem to lose a lot.........and their methods very simple to out-wit, especially if they use those Muppets' in Maidstone.

Whilst I do not for one minute play down the importance and benefits of CAG, it does not (at least as far as I am aware) lobby our political masters nor the 'fourth estate'. So much of Amex conduct seems to be underhand and dishonest that I would like to see their profile raised on our terms rather than theirs.

[Desperate Daniella]

We are getting very cross on this thread about our 'political masters' not doing anything and want to lobby. Not just Amex, obviously, the whole bloody system.

 

Yet Another Suicide through Debt

 

The people who take their own lives aren't the feckless, they are the ones who are in this mess due to changes in circumstances and then the appalling behaviour of companies including Amex.

 

The issues are on that thread, but are basically charges, charges, charges....... on those who can't afford them so get more and more in debt.

 

We would like to lobby so any ideas would be good.

 

DD

[Hungryforinfo]

A well publicised victory on securitisation (see the thread Well Amex declines to answer Securitisation Question) in the UK could give more than a bloody nose! If it were proven they did not have the right to ask for payment after selling off their rights through securitisation in the US (assuming they ever had the right in the UK/Europe!) and they knowingly have continued to seek payment it's fraud isn't it (I realise this will be no surprise to many!)?

 

I have recently had my eyes open to the deceit and underhand tactics referred to in this thread. The oh so clever wordings of the sols letters. Quite incredible. I am not surprised people who are uninformed decide to kill themselves with the pressures that are placed on them through companies like this. It's so sad and a total outrage.

[Monty2007]

A well publicised victory on securitisation (see the thread Well Amex declines to answer Securitisation Question) in the UK could give more than a bloody nose! If it were proven they did not have the right to ask for payment after selling off their rights through securitisation in the US (assuming they ever had the right in the UK/Europe!) and they knowingly have continued to seek payment it's fraud isn't it (I realise this will be no surprise to many!)?

 

I have recently had my eyes open to the deceit and underhand tactics referred to in this thread. The oh so clever wordings of the sols letters. Quite incredible. I am not surprised people who are uninformed decide to kill themselves with the pressures that are placed on them through companies like this. It's so sad and a total outrage.

 

I could not agree more, excellent point!

 

They can be beaten though......... and their tactics easily exposed, sadly they try all their tricks then withdraw in a lot of cases when they know they will lose of course.

[Hungryforinfo]

Your comments make me wonder if it is possible via the legal process to prevent Amex withdrawing from a claim they have made e.g. in the case of a counter claim would a withdrawal require the permission of the counter claimer for the claim to be dropped? I am sure there would be defendants or claimants posting on this forum who would be willing to use their case as a vehicle to try and flush out the truth on securitisation if properly supported. The publicity following a victory, if well targeted, could be extremely damaging and more to the point help many people.

 

If they (Amex) and Brachers on their behalf continued asking for payments they KNOW they (Amex) have securitised in the US and given away their rights to collect but they keep asking for payment it’s fraud isn’t it?

 

My layman’s understanding of the Fraud Act 2006 (which may not be up to date!) is that if someone seeks to enrich themselves or another by making representation they know or think may not be true, it is in breach of the act. Hopefully I haven't distracted people from the wider thrust of this thread.

Edited November 9, 2009 by Hungryforinfo

[Hungryforinfo]

Does anyone have knowledge on the scope of the class action laws that I believe are being introduced and if there are likely to be grounds within the scope to take action?

[MadKit]

This seems to have gone very quiet, is there any update on this?

 

MadKit

[MadKit]

Bump