Search In The AnswerBank

MBNA Credit cards

Does anyone know how much MBNA will sell a bed debt on for, to a debt collecton agency in percentage terms? jcfidler (Fri 10:20 26/Jun/09)

prev

Should you use all your redundancy pay to offset mortgage? Company liquidation

next

Report this question

Subscribe to question

Answers 1 to 3 of 3

buildersmate		(Fri 11:29 26/Jun/09) Presumably you'd like to know so you can try and negotiate with the new owner of the debt. Such information is naturally going to be highly confidential about the two companies but you can be sure that debts are classified into risk bands, so 'pain in the arris' hardcore debtors will be worth less in transfer value to a debt collection company then those who have merely temporarily fallen on hard times.
factor30		(Fri 13:57 26/Jun/09) I doubt they would do a cut price deal for you, on principle. If they are seen to give way lots more debtors would try this as a way of reducing their debt.
chrissa1		(Tue 21:19 30/Jun/09) You might find my story about dealings with MBNA of interest. I posted it under "Law" on 13/02/09, entitled "We Won"!!!! They really tried it on and as you can see, the judge did not think highly of these bully boy tactics employed by the Debt Collection Agency to collect a further �7000.00 when I had proof that we had paid MBNA over �11,000.00 for a debt of �8,000.00. I'm sorry but I don't know how to post this as a link. Hope you find it interesting. Chrissa1

Answers 1 to 3 of 3

Search In The AnswerBank

Latest posts [refresh]

1 min ago

pericat

Happy Birthday Bez!!

in ChatterBank

1 min ago

Zeuhl

EU, A shinning New Era?

in News

14 mins ago

case1975

Credit card or a Loan!! ...

in Personal Finance

19 mins ago

tamborine

in Recipes