Any success with MBNA ? Feeling so down !!

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sblack

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Post by sblack » Fri Feb 15, 2008 9:15 pm
Hi all,
Has anyone had any success with MBNA recently? I am feeling so down at the moment due to all the negative feedback regarding MBNA as they are one of my main creditors. I know all IVA's are individual but they seem to be rejecting lots at the moment.[:(]
Last edited by sblack on Fri Feb 15, 2008 9:17 pm, edited 1 time in total.
"Life is too short to wake up in the morning with regrets. So love the people who treat you right, forget about the ones who don’t and believe that everything happens for a reason. If you get a chance, take it. If it changes your life, let it. Nobody said that it’d be easy, they just promised it would be worth it."
 
 

Adam Davies

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Post by Adam Davies » Fri Feb 15, 2008 9:28 pm
Hi
I'm not aware of MBNA being a particular problem.How much is your debt with them and how much are your total unsecured debts ?
Regards
Andam Davies
 
 

rachellxx39

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Post by rachellxx39 » Fri Feb 15, 2008 10:42 pm
Hi mbna voted on my hubbys iva in Jan 2008 . They voted yes to the proposal he owed them £5000 . Hope this helps.
 
 

carlmcmullen

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Post by carlmcmullen » Fri Feb 15, 2008 11:10 pm
Hi,

We had a meeting this week were MBNA had 19% of the overall debt and they simply didnt vote at all.

How much MBNA do you have ?
 
 

cr15py

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Post by cr15py » Fri Feb 15, 2008 11:40 pm
Hi, my IVA was approved a month ago and I owed MBNA approx £4,500 and they represented about 25% of my debt. They didn't pass my debt on, and also didn't vote.

My IP told me that they quite often don't vote if the debt is <£5,000.

Hope this helps, and hope they are OK with you. They are very slow at accepting that you are in an IVA as well, so you may continue receiving correspondence for a while after you advise them that you are in an IVA - just forward everything to your IP and let them deal with it.
Chris
Visit my blog at http://cr15py.blogs.iva.co.uk
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MelanieGiles

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Post by MelanieGiles » Sat Feb 16, 2008 1:48 am
MBNA currently have, and have for a while, a policy of wanting their customers to come to them firstly when they realise they have financial difficulties. MBNA would much rather try and work with clients directly, rather than suffer a shortfall under IVA proceedings, and are great supporters of DMPs, so I would suggest that anyone with substantial MBNA debts contacts their collections departments in the first instance to seek advice.

It is useful to record these calls, taking the name of the person you have spoken to, so that this can be referred to in the future in the event that you do not feel that an appropriate solution has been provided by MBNA and therefore need to rever to perhaps an IVA in view of the fact that you have to treat all creditors fairly.
Regards, Melanie Giles, Insolvency Practitioner
 
 

sblack

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Post by sblack » Sat Feb 16, 2008 9:22 am
Hi Everyone
Thanks for your replies!
Mine and my husbands total debt is about 53k.
My debt is about 17k of which MBNA are 7k so they make up a good percentage of mine. What will happen if MBNA reject mine will this affect my husbands or could his be accepted if mine were to be rejected?
Thanks for all your support :)
"Life is too short to wake up in the morning with regrets. So love the people who treat you right, forget about the ones who don’t and believe that everything happens for a reason. If you get a chance, take it. If it changes your life, let it. Nobody said that it’d be easy, they just promised it would be worth it."
 
 

Phil

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Post by Phil » Sat Feb 16, 2008 9:55 am
Hi I had a virgin credit card which is serviced by MBNA and nearly £11.000 debt with them and they voted yes.

P
 
 

Adam Davies

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Post by Adam Davies » Sat Feb 16, 2008 11:19 am
Hi sblack
You will both be proposing seperate IVAs so if MBNA reject yours your husbands may still be accepted.However it is possible that you will not be able to service your debts outside of an IVA and your husband pay into his IVA becuase of affordability issues.
Regards
Andam Davies
 
 

Emily

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Post by Emily » Sat Feb 16, 2008 5:33 pm
MBNA have a very slick DMP section. They even know where you are calling from as I have heard from other sites as they have caller Id in their phone system?? I do remember once seeing a letter from a friend who was accepted for a MBNA DMP and it said that it is a temporary arrangement and that the default entry will be in the credit file for 6 years after the debt is paid off?? but in a few months later it said they wouldn't to that? My friend got tired of this 'temparary arrangements' and did an IVA....they will never heard of again like the big bad wolf and banished.....
Last edited by Emily on Sat Feb 16, 2008 5:34 pm, edited 1 time in total.
 
 

petes39

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Post by petes39 » Sat Feb 16, 2008 8:54 pm
Hi sblack.

I had a larger % with mbna than you and when i failed my first iva mbna voted yes, since then i applied a second time for an iva after doing a DMP 4 several months and they didnt even vote, however they were forever calling asking if i could pay a little bit more for them to avoid defaults etc, obviously i didnt as would have been preferiental?? treatment and as i said they didnt even vote so dont worry too much at the min alot on this forum have had mbna and been excepted good luck

Pete x
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