MBNA £8+K success story!

cenobitehell

hello all, I've not posted in a while but I just wanted to thank everyone who contacted me and offered advice four years ago regarding my 6 thousand (which, due to charges, rose to 8k within a few months) debt with MBNA.


I'm also posting to tell everyone that the advice worked, I am now debt free and very happy. Every penny I earn is now MINE, not somebody else's. I feel so alive and free.

If anyone else is in the same boat I was, oweing thousands on a frozen credit card with a minimum monthly payment of more than you earn, plus £100's extra each month in charges and interest, then please do fight it. They do back down eventually, you just have to keep writing off to them. I reduced my monthly payment to £70, with no further charges and all interest frozen. I afforded this arragement comfortably until earlier this year when I got some money off a family inheritance, I called MBNA to pay the remainder off and when I started the conversation, MBNA made me an offer of a fixed one-off amount to pay off. And voila!

they're gone!


most of my original posts on the situation have been closed, but if you look at threads started by me, the ones in 2008 and 2009 are about the subject

thanks again, everyone who helped and offered suggestions. it all worked. xxx

Probi

Congratulations!

chattychappy

How nice of you to come back with the update! Good outcome.

cenobitehell

cheers you guys, I remember being really worked up about the situation at the time.

I was maxced out at 6k on a credit card, it was cut off, but i was still paying whopping interest charges and the minimum payments were something like £400 a month plus loads of other charges. As well as the letters always asking for the money (which i was paying, even though it was a huge and very upsetting struggle) I was getting phone calles and texts, and so was my family. Yes, they had actually traced my parents down and were calling them! Harassing them almost, my mum was getting quite upset and concerned. it was a nightmare.

Within a year the debt had gone up to eight thousand, purely from the interest.

But I came on this forum and asked for advice on how to get out of the mess, and loads of people helped and within 6 months I was on an extremly reduced payment plan and within five years I am now debt free! whoop whoop!

_Andy_

nice work

inmypocketnottheirs

How much did they accept in the end?