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In default with MBNA, banking with Halifax
BrightLights14
Posts: 52 Forumite
Hi there,
One of the debts included in my DMP is with MBNA. I just read somewhere else on the forum that they're now owned by Lloyds, who also own Halifax who I have had a current account with since starting my DMP.
The MBNA debt has since been sold on and now shows up under Link Financial on my credit file.
Is it risky to be banking with Halifax while this debt still exists, even if it's now owned by Link?
Any advice much appreciated. Don't really want to go through the whole fiasco of switching current accounts but then again don't want a nasty surprise!
Thanks xx
One of the debts included in my DMP is with MBNA. I just read somewhere else on the forum that they're now owned by Lloyds, who also own Halifax who I have had a current account with since starting my DMP.
The MBNA debt has since been sold on and now shows up under Link Financial on my credit file.
Is it risky to be banking with Halifax while this debt still exists, even if it's now owned by Link?
Any advice much appreciated. Don't really want to go through the whole fiasco of switching current accounts but then again don't want a nasty surprise!
Thanks xx
LBM August 2013 - debt: £27,181
May 2017 - debt: £8,208
DFD - December 2018 :j
May 2017 - debt: £8,208
DFD - December 2018 :j
0
Comments
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If it's been sold, then Halifax are no longer linked to the creditor.
You should be ok.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Cool, thanks. It's definitely been sold as my payments from Paylan go to Link instead of MBNA now. Just wanted to check! Is it likely a creditor would do this anyone once a payment plan is agreed?LBM August 2013 - debt: £27,181
May 2017 - debt: £8,208
DFD - December 2018 :j0 -
BrightLights14 wrote: »Cool, thanks. It's definitely been sold as my payments from Paylan go to Link instead of MBNA now. Just wanted to check! Is it likely a creditor would do this anyone once a payment plan is agreed?
Don't assume payments to Link mean it has been sold. It could just be managed by Link on behalf on MBNA.DFW Nerd No. 1484 LBM 07/01/15 Debt was £95k :eek: Now debt free and happy :j0 -
How do I find out? It's also under Link on my credit file, is that an indication it's been sold? Whereas my Natwest ones, while being managed by Westcot, still show up under Natwest.LBM August 2013 - debt: £27,181
May 2017 - debt: £8,208
DFD - December 2018 :j0 -
Weird. On Noddle it's down as Link, but Clearscore still has MBNA. Worth switching to be on the safe side?LBM August 2013 - debt: £27,181
May 2017 - debt: £8,208
DFD - December 2018 :j0 -
I think you are right - switch banks just to be sure
DFW Nerd No. 1484 LBM 07/01/15 Debt was £95k :eek: Now debt free and happy :j0 -
I gave Link a call, and they own the account. Phew! Thanks for the advice though xxLBM August 2013 - debt: £27,181
May 2017 - debt: £8,208
DFD - December 2018 :j0
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