I have about 30,000 on my mbna loan. And from what i've been reading about mbna, is that they do shady business deals. They say 14% and you get 20%. they suck.. are there any other people out there with some of the same problems?
2006-08-10 21:53:11 · 2 answers · asked by mrT 2 in Business & Finance ➔ Credit
I've been an MBNA customer for over 10 years and they've always been reasonable. I've had some issues with them raising their rates (my credit rating is extremely good). If you call them, ask why you're not getting the best rate, you'll probably get an adjustment.
If they say their rate is 14% (which is really high) then they can't raise the rate more than one adjustment per monty according to the terms of their agreement with you. Read the fine print to see what they said the rates would be for your loan.
Lastly, MBNA has been acquired by Bank of America. BofA has always been very good to me (I've been with them since 1992) and their customer service is excellent. I don't know if the MBNA brand will go away but expect to see better service.
2006-08-11 00:02:46 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I have not had any problems with mbna, but thanks for the "heads up."
2006-08-10 22:03:26 · answer #2 · answered by woman of faith 5 · 0⤊ 1⤋