Q: My very elderly Dad is req'd to pay an AMEX debt I incurred as a cardholder on his ac.Can we reduce the debt?Stop calls?
My father had an AMEX card for 50+ years. He was allowed to give me my own card. I used it only for emergencies, but then my husband lost his job and we started using it to pay bills. Also, I gave him use of it for expenses for his small biz.
We cancelled the card recently bc the debt was too high and we started to be late on min. pymts. My husband wasn't making any money and I work PT.
I think Dad has no chrg since 1/2016.
Now we're past on a min. pymt due July 20. AMEX calls Dad every few days. The total due is about $26,000.00. No one has that amt. Dad has no income other than Soc Sec, I think. My Dementia-ridden mother just got Medicaid. Dad is almost FT her caregiver, aide has some hours.
Can we stop the calls to him? AMEX says that I can't be a/c mgr since a/c closed.
AMEX says debt is Dad's, no xfer to me. Is there any way to erase or reduce Dad's debt, given his situation? He does have assets, home & life. Mom's money is in a Pool Trust.
My debt cnslr says to ask
A: You cannot stop the calls. It is his debt. AMEX will settle for half in a lump sum, typically, or give a payout. Your dad is not judgment proof, and he will be sued. You need to get authority from him to settle the account and be prepared to pay.
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