Eric's Credit Community

Please don't let my delinquency scare you away.  Read below...
Purpose:
This loan will be used to stop American Express from ruining my credit.
HERE'S MY STORY...Back in Nov of 07, my parents who own a dollar store needed some holiday inventory.  I had the type of AMEX card that had to be paid in full at the end of each billing cycle.  HOWEVER, I received several "Charge Now and Pay Later" offers.  I called AMEX and spoke to a rep there.  I updated my work address and number with him and inquired about the program.  He said it worked just like a charge card.  I asked if I could charge around $12k.  He played around in his computer for a minute and said I can charge up to $14k.  I asked him to confirm for me 4 times that the charges would be revolving.  He confirmed with me EACH TIME that they would be revolving charges.  I took his name, date and time that we spoke and made the charges to my AMEX.

6 weeks later AMEX calls telling me that I owe them $10k in a week.  I went through about 6 different supervisors and SURPRISE SURPRISE...NONE OF THEM HAD RECORD OF THAT CONVERSATION.  They saw the address change, but nothing else.  No matter who I spoke to or what I said, I got shut down and turned away.  30 DAYS later, they sent my account to collections.  I worked out an arrangement with the collections agency where I gave them $1,000 up front and $300 a month which has been on time.  HOWEVER, AMEX is charging me about $300 in late fees for not having my payment in full so my payments are just a wash.  THEY SAY EVEN THOUGH I'M MAKING THE PAYMENT, THE $10K IS OWED IN FULL SO MY ACCOUNT IS CLASSIFIED AS DELINQUENT.

As you can see, AMEX is definitely NOT MY CARD.  I want to get this account paid off so they stop running this balance as delinquent.  This nightmare is sinking my once great credit and I need it to get above water again.

My financial situation:
Why am I good for this loan?  Other than this, I've never once been late for any payment, I ALWAYS pay well over the minimum balance and my income vs. my monthly expenses is more than enough to pay for this loan.  I also just got my second promotion (45% pay increase) within two years of being at my company leaving me with a larger cash flow.  I am as responsbile as they get.  Today, life revolves around credit and I need help getting my life back to the top.  PLEASE BID ON MY LOAN!

Monthly net income: $3,225
Monthly expenses: $2,225
  Housing: $140 (Live at home, but pay assoc fee)
  Car Insurance: $165
  Car expenses: $585 (Payment & GAS - Mostly gas though) 
  Cell Phone: $85 Which is reimbursed by my company    
  Groceries: $200
  Entertainment: $100
  Clothing, household expenses $150
  Credit cards & Other: $600 (Includes the $300 I pay to AMEX each month)
  Other: $200 IRA Contribution