Mbna have sent me a leter

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1
Post Reply
 
 

mdh88

User avatar
Posts: 2
Joined: Wed Nov 05, 2008 10:30 am
Post by mdh88 » Sun Dec 21, 2008 7:24 pm
Quote
Mbna have sent me a leter saying an IVA is an excellent form of debt relief and said there an option of a Partial Settlement.

What % will that acept and is this better then what I would repare in an IVA
Top
 
 

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm
Location:
Post by Adam Davies » Sun Dec 21, 2008 7:29 pm
Quote
Hi
MBNA have a history of trying to broker a part payment when a debtor is looking at an IVA.Trouble is that you will still have your other creditors to deal with and if you do pay off MBNA you will be favouring one creditor over another.
Regards
Andam Davies
Top
 
 

David Mond

User avatar
Posts: 4896
Joined: Tue Sep 30, 2008 9:31 pm
Location: United Kingdom
Post by David Mond » Mon Dec 22, 2008 3:19 am
Quote
MBNA have promised to change their sharp practices - when did you receive their letter? Can you send me a copy?
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
Top
Post Reply
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”