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

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ferry
ferry Posts: 2,012 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!
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