Credit card default

Marchitiello

You have not clarified if it was a Credit or Charge card (now rare, so unlikely)  product from Amex.

If you could clarify the product type and verbatim the exact words used in the letter about the “default” we can make a final assessment but for what we know generally, there are no the basis for a default record on your friend credit file.

drifter17a

Credit card, will ask him to read t&c

Marchitiello

For reference, I have just checked my Platinum (Charge Card) T&C, and under the section Ending this agreement, they have the following:

We can do this by giving you at least two months' written notice, but we may end this agreement immediately if:

• you repeatedly fail to pay the total account balance or go over any spending limit;

• you seriously or persistently breach this agreement;

• you give us false or misleading information;

• steps are taken to make you bankrupt or to make you the subject of any form of debt relief process;

• you breach another agreement you have with us or another of our group companies;

• we reasonably consider that by continuing the agreement we might:

o breach a law, regulation, code or other obligation; or

o face action from a government, law enforcement agency or regulator;

• you become incapacitated or die;

• you behave in an abusive or threatening way to our staff; or

• we have reasonable grounds to believe you're unable or unwilling to pay your debts when due.

In any of these circumstances, we may close your account and require you to repay immediately all amounts you owe us under this agreement in full.