I have a loan with MBNA

Date: Tue, 11/14/2006 - 09:16

Submitted by anonymous
on Tue, 11/14/2006 - 09:16

Posts: 202330 Credits: [Donate]

Total Replies: 4

My wife and I currently have a loan with MBNA for $25000. They just increased the interest and closed the account without notifying us.

We would both like to get rid of this loan - ANY OPTIONS?

MBNA is tough. You have to put money first so that you can negot

MBNA is tough. You have to put money first so that you can negotiate with them well. On Oct 23, they merged with BofA making their business stronger.

25 grands is a big amount. Perhaps, it will take forever to pay the debt and maximum portion will go towards interests alone. You may think about a debt settlement program after taking professional help.

lrhall41

Submitted by Ruby on Tue, 11/14/2006 - 10:00

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What is a debt settlement program

lrhall41

Submitted by on Wed, 11/15/2006 - 09:46

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A debt settlement program is an organization that settles debt o

A debt settlement program is an organization that settles debt on your behalf, usually lowering rates and payments.

lrhall41

Submitted by on Wed, 11/15/2006 - 16:01

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Read this article on debt settlement. It explains everything abo

Read this article on debt settlement. It explains everything about the program.

http://www.debtconsolidationcare.com/debt-settlement.html

If you have a huge amount of debt and not able to afford the consolidation payments and pay the minimums to your creditors, debt settlement is the right option.

lrhall41

Submitted by orake on Wed, 11/15/2006 - 16:03

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