May 29, 2023

Settle the Score: How to Find A Resolution in An AMEX Lawsuit

When you’re dealing with an AMEX lawsuit, you need to know your rights and responsibilities.

If you have been sued by American Express, you may be wondering what to do next. You may have received a settlement offer from them—or maybe not yet. Either way, it’s important to understand your options and what steps you can take to protect yourself from being taken advantage of by American Express.

This guide will help explain how to settle the score when you are sued by American Express.

What Is the Goal of an AMEX Lawsuit?

The goal of an AMEX lawsuit is to settle the score.

If you’re not familiar with AMEX, it’s a credit card issuer that has been around since 1850. It’s one of the oldest companies on the stock market, and its brand is so recognizable that people often refer to a credit card as an “AMEX.”

American Express offers several different types of cards — from low-limit prepaid cards to premium cards with limits exceeding tens of thousands of dollars. They also offer travel rewards, cash back, and balance transfer options through their numerous partners.

If AMEX has filed a lawsuit against you, it is likely they have evidence to show that you owe a balance and will try to obtain a judgment against you.  If you do not respond to the lawsuit, they will be able to seek a judgment by default.  

It is important to respond properly to the lawsuit to protect your rights.  An experienced attorney can help make sure your rights are protected and fight for your interests, from the start of the case until its conclusion.

Finding a Resolution with AMEX’s Claim Against You

If you’re facing an American Express lawsuit, you may be wondering how to find a resolution.  Let’s take a look at what your options are.

Fight the Lawsuit

You may have a legal defense to the claims being asserted.  But in order to assert the defense, it requires knowledge of the court’s rules and procedures.  Knowing your defenses and navigating the court’s processes can be a daunting task.  An experienced attorney can help guide you through the legal waters, evaluate your defenses, and advise the best course of action.

Reach a Settlement

American Express can be aggressive when it comes to what they are willing to accept to settle a lawsuit.  They may demand more than you are capable of paying, or in too short a time frame.  If you are not able to pay what they are demanding, you may benefit from seeking the help of an attorney to help negotiate a settlement on your behalf.

File for Bankruptcy

If you can’t reach an agreement with AMEX and they want to file a judgment against you, then one option is bankruptcy. This will stop any further collection efforts against you so that they cannot garnish your wages or seize your assets. It also gives you some protection from future lawsuits as against any other creditors. A downside of filing for bankruptcy is that it will stay on your credit report for ten years or longer after filing and may prevent someone else from extending credit to you in the future.

Consult A Debt Lawyer

A good debt lawyer will know exactly what steps need to be taken to fight off any claims made by AMEX or any other creditor.  They’ll use their experience to advise you on the best course of action–whether you have any legal defenses, if a settlement makes sense, or can recommend other options worth exploring.  For a free consultation, you can reach out to McCarthy Law, who can review the particulars of your situation and find the best solution for you.

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