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Abbey (MBNA) Card rate increase
FelOn_2
Posts: 170 Forumite
in Credit cards
Just had a letter, increasing interest from 18.9 % to ~28% (2.2071) :mad: Luckily, only owe them 6k, will be paying off today. They can stuff their card 
Must be difficult for people trapped by lack of funds (or options) to do anything about it.
Must be difficult for people trapped by lack of funds (or options) to do anything about it.
Martin Lewis is
“The UK's Tightest Man”
– Philip Schofield This Morning
“The UK's Tightest Man”
– Philip Schofield This Morning
0
Comments
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Actually, that works out at 29.9% APR. We've had a letter this morning too from Virgin MBNA.
Plus they're increasing the min payment to £10 or 5% of the balance:eek: Doesn't sound like responsible lending to me.:rolleyes:0
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