MBNA stole my thunder.....

never_again_2

This isn't a problem at all, but MBNA annoyed me over the weekend and I want to moan about it....

My husband and I recently received a lump-sum payment which we have been waiting for a considerable amount of time now. I paid all the credit cards which weren't on 0%, a loan, and paid back family members.

The thing I was looking forward to most of all was cancelling my Alliance and Leicester Credit Card. I transferred balances to the card a couple of years ago and after the 0% period ended they put the interest rate up from 15% APR to 26.9% APR. I started uni and was unable to apply for another card so I've just been stuck with it for over a year. The minimum payments were around £150 per month with only £5 per month paying off the actual balance. I was really looking forward to calling them after the balance was paid off and telling them what they could do with their absurd interest rate.

However, I received a call on Friday from Virgin for my 'annual review'. After answering their questions they decided that, because I don't have a regular income they were going to reduce the available balance to £500 on each card - I forgot that Virgin were part of the MBNA group along with A&L. So for the past two years that I have been a student they haven't bothered with one of their 'reviews', but as soon as the balance is cleared they think it's appropriate to check I can afford the cards?

I know I should just be thankful that the cards are paid off, and of course I'm elated, but there is just a little niggle as I was really looking forward to giving the cancellations department a full account of my grievances on their so called card ‘benefits’.

Never mind, I’m £30,000 less in debt than I was last week. Only £4,900 to go….

angelicmary85

Look on the brightside...you've just spent 30grand in one week...not many of us can say we've done that!!

byebyedebt

30 grand and although it went on your credit cards.....it was to pay them off.

Fantastic!

never_again_2

I am over the moon, and although all the money want on debt repayments, I couldn't be happier. We are now in the least amount of debt we've been in for a decade. We were sinking quickly before, and this came along just in the nick of time. Just have to work on the rest now.:T

rog2

never_again wrote: »

although all the money want on debt repayments, I couldn't be happier. We are now in the least amount of debt we've been in for a decade.

That really is good news - well done. :T :T

oscar52

You could soon save that amount up by putting away what your monthly payments were.

stacy

Well done, that is absolutely amazing!!!! 30grand in a week, wow wee! good on you atleast your debt is practically gone, you could have gone the other way and said oh wow 30grand to blow on shopping ect ect so well done you. :T Now i need a miracle :rolleyes: