American Express Deceptive Sales Investigation
Girard Sharp consumer finance attorneys are investigating reports that American Express employees utilized deceptive sales practices to sell corporate card services to small businesses to boost commission sales. Often, these small businesses would not have qualified for such services offered by American Express and have been left paying high interest rates and fees they were unable to afford.
If you are a small business owner that signed up for an American Express corporate card, you may be entitled to relief. Protect your right by speaking with a Girard Sharp consumer protection attorney. Call us toll-free at 866-981-4800 or submit your information below:
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More Information on American Express Sales Practices
American Express is a financial service company that offers credit cards and other financial services to consumers and businesses. Recent reports claim that since 2015 American Express began employing questionable sales practices to boost their card sales and make up lost revenue after Costco ended their partnership. Since the departure, AmEx implemented increasingly high sales goals and advertised large commissions to employees based off their credit card sales. Such practices drove employees to enroll as many small businesses as possible even if they did not financially qualify for the services being offered, incentivizing employees to give misleading information to small businesses encouraging them to sign up.
Former AmEx employees have attested that they informed higherups of these questionable sales practices; however, such reports are often denied by the company and nothing is done to change the dishonest business practices.
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For a free consultation about your potential claims, contact one of our consumer finance attorneys by filling out the form above or calling toll-free at (866) 981-4800.