We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Are Loans.co.uk in any way connected to MBNA/Virgin?

ferry
ferry Posts: 2,017 Forumite
Part of the Furniture 500 Posts Name Dropper
in Loans
Reason I ask is that I'm a bit worried why I was approached by Loans.co.uk shortly after being turned down for a credit card by MBNA?

Are the two connected in any way?

Ferry
:j

Comments

  • CTmole
    CTmole Posts: 16 Forumite
    yeah MBNA bought loans.co.uk out a few years ago.
  • bathgatebuyer
    bathgatebuyer Posts: 2,522 Forumite
    Part of the Furniture Combo Breaker
    Yup - if MBNA reject you for a loan, you'll be passed straight across to 'one of their approved partners' who will try and get you to sign the security of your house away for 5 years at least with huge exit penalties.
    Almost debt-free, but certainly even with the Banks!
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.6K Banking & Borrowing
  • 254.5K Reduce Debt & Boost Income
  • 455.5K Spending & Discounts
  • 247.5K Work, Benefits & Business
  • 604.3K Mortgages, Homes & Bills
  • 178.5K Life & Family
  • 261.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture