Understand how to read your new American Express Statement. I have a transaction called "Collection American Express 5," for $5.95, which I have no idea about it. American Express bank details are: Pay to: Lloyds TSB Bank PLC, PO BOX 72, Bailey Drive, Gillingham, ME8 OLS The American Express billing statement class action lawsuit stresses that because of American Express’s non-compliant disclosures, Zevon and the potential Class are entitled to recover up to $1 million in statutory damages. There are a few fields that always appear (in various forms) on a consumer's bank statement. Instead of receiving a separate statement for American Express transactions, you’ll receive a single monthly statement for all card charges. Our client saved 52% on the balance due on this account. We negotiated an American Express debt settlement for $16,000, payable over a 15-month term. SERVICES American Express Payment Services Limited 1 John Street Brighton, BN88 1NH, UK Telephone: 01273 675533 Fax: 01273 691643 Your Merchant Name Your Business Address Your Postcode 000 000 000 0 26/12/14 Thank you for welcoming American Express Cards at your business. American Express subsequently sued our client for the full balance. BACS/CHAPS transfers: When submitting payment to the bank, always quote the BTA number e.g. This fair fund is supervised by the SEC and is administered by a Settlement Administration firm that handles all aspects of distribution. ... We need to know what fees you charge if a customer is using Amex cards & how long it takes for payments to hit our bank. This site is not operated by American Express Financial Corporation or the Securities and Exchange Commission. Our client owed American Express $4,074.02. If you have questions, please refer to the FAQ's and the other information posted here.” Although I don't have any debt, I'm getting nervous now because of the word, "collection." American Express settlement typically requires a lump sum payment that is less than your current outstanding credit card balance. This Means not only are we going to deal with your creditors, negotiating a settlement that works for you and your budget, but in the event that a creditor threatens a lawsuit, or files one, we can address the legal proceedings for you, helping you buy additional time to save the money necessary to settle the debt. When it comes to settlement with American Express, there are some specific facts about this creditor that you should be aware of. Reply. Select your Card to discover the changes to your statement Alternatively, Zevon notes that she and others are entitled to recover up to $5,000 each in statutory damages. Each bank tends to have its own method. American Express Settlement. 3742 000000 01000 (full 15 digit number required) as the reference which will appear on the advice slip and bank statement. What might appear as `AMERICAN EXPRESS ACH PMT 190417 A1110 SAMUEL I AARONS` at one bank would show up as `AMERICAN EXPRESS DES:ACH PMT INDN: SAMUEL I AARONS CO ID: XXX123 PPD` at a different bank. These are: American Express denies these claims. ). Prior to the financial crisis of 2008, American Express was not a bank like most other major credit card issuers (such as Bank of America, JP Morgan Chase, Citibank, etc. AES is the only attorney based corporate debt management firm. from Ellen, on June 22, 2017 . The payment is given in exchange for the company settling your debt. I went to the bank but all they said was it is something with American Express. 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