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MBNA Credit Card
Camaro3
Posts: 96 Forumite
in Credit cards
Hi,
I took out an MBNA credit Card 7 years ago and all was well until 3 years ago when i had trouble with repayments. After receiving loads of calls from MBNA, i caught up with the repayments. Once i agreed with MBNA to catch up, i noticed on my monthly statements that my account facilities had been withdrawn. The question i have is can they still charge me monthly interest on an account that i cannot use, or should the interest charges have stopped when the account facilities were withdrawn leaving me to pay just the balance? Any advice would be gratefully appreciated.
I took out an MBNA credit Card 7 years ago and all was well until 3 years ago when i had trouble with repayments. After receiving loads of calls from MBNA, i caught up with the repayments. Once i agreed with MBNA to catch up, i noticed on my monthly statements that my account facilities had been withdrawn. The question i have is can they still charge me monthly interest on an account that i cannot use, or should the interest charges have stopped when the account facilities were withdrawn leaving me to pay just the balance? Any advice would be gratefully appreciated.
0
Comments
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Lenders charge you interest in return for the use of their money.
If you lent one of your customers a sum of money for 7 years, you would expect them to pay interest on the loan until the sum was repaid, wouldn't you?People who don't know their rights, don't actually have those rights.0
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