By: pared
What company would call a consumer on her cell phone on Easter Sunday to inform the consumer that her credit limit was being drastically reduced? Not any company with class. I am not talking about a deadbeat customer; I am talking about a long-time American Express cardholder with an excellent credit rating. Because of this unconscionable action by American Express, this consumer will now see her credit score lowered through no fault of her own.
There ought to be a law against this and I will be forming a grassroots organization to deal with this. God bless America where we can stand up for our rights.
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American Express just levied my account from a debt from my marriage 3 years ago. I'm self employed and live alone and they took every cent I have. When I called and asked if I could have the money to cover my rent check and something to live on, because I don't know when my next client will come, they said, "you should have thought of that before you stopped paying your bills." When I racked up the debt I was making over $100k/year then the recession hit and I lost my job. I now make less than $20,000 a year. I pulled all my 401k out to live on and that's what they took - $10,000 - all the money I had in the world. I have $4 in my wallet and half a tank of gas and they told me, "too bad, you should pay your bills." American Express cares more about profits and rich shareholders than real people. I will NEVER ever give them another cent.
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