Relatively speaking, the amount of debt on your American Express charge card account is low. Therefore, it is likely though not certain that American Express sold your collection to the law firm that filed the lawsuit against you. If my assumption is correct, then negotiating with American Express or making additional payments to the company will be fruitless. Negotiate an out-of-court settlement with the law firm directly if the law firm owns your collection account. Look at the summons carefully: Is the plaintiff the law firm or American Express?
American Express also has the option to hire a law firm to represent it in filing a lawsuit against you. If American Express is the plaintiff, then you have the option to try to negotiate an out-of-court settlement with American Express directly or the law firm.
Review the Bills.com resource Negotiating debt to learn more about tactics and techniques for dealing with collection agents. You may want to repay the entirety of the debt over time, but American Express wants a resolution to the debt now. Negotiating a lump-sum settlement is a compromise that will clear the debt from American Express's books and allow you to achieve debt freedom.
If you cannot reach an acceptable settlement amount with the collection agent, or if you do not have a lump-sum available to pay a settlement immediately, consider hiring a debt settlement company to do the heavy lifting for you. For a no-cost quote from a pre-screened service provider, visit the Bills.com debt saving center.
More About American Express Debt
I answered questions about American Express debt for other readers. See American Express Bill and AMEX Debt where a small business owner had $60,000 AMEX debt in collections and needed to know the debt resolution options; American Express Debt Settlement where a reader asked if he or she could trust an unsigned faxed settlement offer from a collection agent; Negotiate American Express Debt where a reader wondered why an American Express collection agent required a hardship letter when negotiating a settlement; American Express Company Debt, where a reader asked if he or she was responsible for American Express debt incurred during the course of employment and the employer is now defunct; and Deceased's American Express Debt where an authorized user of an American Express account holder who died recently has liability for the debt.
I hope this information helps you Find. Learn & Save.