Amex Gold Charge Card - Notice of Default (attached) - advise needed

[darek0123]

Hello All,

 

First of all, I would like to thank all the members and experts for their input and knowledge.

 

I have been reading the board for some time and I think it is a right moment to start my own thread as I am still a little bit lost.

 

I have received notice of default dated on the 10th of April 2014. (pls see attached). I will be sending SAR and CCA requests tomorrow.

 

Full outstanding balance: 6,747.39 GBP Amex has asked for a payment of 2,383.05 GBP in order to stop their further action. I paid 500 GBP last week and I spoke with Amex today explaining them that I am not able to pay anything more. I have suggested them that I can pay this balance in monthly installments. They did not want to negotiate and said that it is not in their policies. They said that if I am not able to pay the required amount that they will terminate my agreement with them and full balance will have to be paid immediately.

 

What I want to achieve:

 

1) I would like the court to put that on a side and to pay it in monthly installments. I will be able to pay the full balance in March 2015 ( I will receive additional funds ).

 

I DO not want them to make it a default and to put it into credit register for 6 years....

 

Is it possible? What is the best way to approach?

 

Questions:

 

1) In their notice of default they had mentioned in point 4:

" no further use can be made of the CREDIT CARD account " it is a charge card not a credit one. Does it make a difference? Did they make a mistake in the notice?

 

What is frustrating is that I told them that I am willing to pay this balance and all the interest but they still had refused to discuss this matter.

 

2) Why do they require at first 2,383.05 GBP? Why not the full amount? Is it a random amount?

 

As I said I had paid 500 GBP last week so the current outstanding balance is 6247.39 GBP.

 

What I have noticed ( I was looking at other ND uploaded by other users on the board) that Amex has changed a bit their notice. In point 2:

 

3) They used to write Oustanding balance: ...... and now they write Outstanding balance (as at THE DATE of this notice) .... I guess they are covering themselves as the balance can change? (charges, payments etc).

 

4) What is the time frame? I have read that I have 18 days to apply a setaside BUT they wrote that they will issue me another notice of the termination of my agreement if I do not pay 2383.05 GBP.

 

I am sorry for a bit of chaotic style. English is not my first language so it might be even harder for me to defend but I will try. Nevertheless, I am looking forward to your input and advise.

 

Many Thanks,

D.

[ims21]

Two threads merged and tidied.

[ims21]

Just had a read again of your post...you may be in the wrong forum.

 

This is a Default Notice you have received yes?

 

Have you actually received court papers?

[darek0123]

Hi,

 

I guess I have confused my current situation. Ineed, I have not received any court papers just this one default notice. I paid them 500 GBP and wanted to pay another 2000 GBP today but they have closed my account and forwarded my case to Brachers debt collection company. I am a bit affraid that now this company will add some charges etc....

 

My current oustanding balance is 6200 GBP.

 

I would like to settle this and pay it in monthly installments of 1000 GBP per month.

 

Is it possible? How should I approach Brachers ? Did Amex have a right to forward my debt even though i wanted to pay the required amount by Amex (although after 27 days not 14 as they requested).

 

Any advise would be appreciated.

 

1. Can I get this debt back to Amex? or do I have to deal with Brachers going forward.

2. Is it better to call Brachers tomorrow or wait for their proposal?

 

For me the most important is to avoid courd judgment record as it might cause me sever problems in my career.

 

Thanks guys.

[Andyorch]

Thread moved to Debt Collection Industry

[darek0123]

thanks.

 

I have read more threads/terminology etc. apologies i have not done it earlier.

 

1. Default notice was issued on 10th of Apil 2014 in which Amex required a payment of 2400 GBP giving me 14 days. I paid only 500 GBP and I am ready to pay 2000 immediately ( I can't do it actually as they closed my account) - in terms of Default notice I guess there is nothing else to do? (it will stay on my CR for 6 years)

2. It has just been passed to Brachers

3. I have not received any call/correspondance from Brachers yet. I guess it will take them some time to prepare the letter. Become familliar with the case etc.

4. I believe that they will send me a letter with SD for the whole outstanding balance

 

Questions:

 

1. Can I do anything about the notice of default from Amex?

2. Should I reach out first to Brachers or just wait for their letter?

3. Can DCA charge me some additional costs? (i have read on some other thread that they added quite substantial amounts).

 

Many thanks.