The American Express Plum Card is a flexible charge card with no spending limit for business owners, but sometimes businesses find themselves in a boatload of credit card debt. It is possible to settle American Express Plum credit card debt and save a sizable amount of money. I will go into more details, but we saved our client $342,038 with an AmEx Plum Card debt settlement. A debt settlement is a negotiation made between the credit card borrower and the lender than the borrower will pay back (an often greatly) reduced amount of the total debt owed over a period of time or in a lump sum. Lenders like this option over bankruptcy, because they would rather receive some of the debt owed than have the borrower declare bankruptcy and get nothing.