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MBNA and Lloyds
sourcrates
Posts: 31,817 Ambassador
Just a warning to anyone who has debt with MBNA and who also banks with Lloyds.
You should concider moving accounts after Lloyds buys out MBNA in a take over deal.
It's possible that the creditor could use the write of set off to take back what it's owed, so please be aware of this, and change accounts if it affects you.
You should concider moving accounts after Lloyds buys out MBNA in a take over deal.
It's possible that the creditor could use the write of set off to take back what it's owed, so please be aware of this, and change accounts if it affects you.
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Comments
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Interesting one, I also read that Lloyds intended to keep as a separate entity with separate pricing.
I'd assume also, for those who have had debts with MBNA, once they've been sold on to PRA group (or whoever) for instance in my case lose their right of set off?0
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