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MBNA CCA - Is this o-k?


rosa28
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Hello

 

Please could someone advise on the following?

If all is o-k, in order to pay off, what sort of full and final figure is acceptable?

I owe £4,200 and there are no charges on the card but the interest is crippling.

 

The application was completed whilst at the airport.

 

thanks very much

 

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  • 2 weeks later...

Mmmmm...it looks as if it is an enforceable agreement apart from th efact it is not signed (or is it blanked out??).

 

The only other option is to check if they have calculated how you are to discharge your debt, properly. If it is incorrect then the debt is not enforceable. There are plenty of calculators out there. There are also tolerances they must operate within regarding the stated APR. This is schedule 7 of the consumer credit (agreement) regs 1983.

 

I am not sure about simple and effective APR's. Maybe someone else could advise on this. It is worth checking this as they are known to get it wrong and if it is wrong and outwith tolerance then the agreement is not enforceable.

MBNA Returned Charges £4315:D

Marbles Returned Charges £950:D

Mint returned charges £300:eek:

Citibank returned charges £714:-)

Lloyds TSB returned charges £318:)

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  • 1 month later...

This is unenforceable. The simple annual interest stated is not correct.

 

Oops! Did you apply in July 2007? If yes, the agreement can be enforced on a court order. The new CCA applies.

Edited by mikek
noticed the date on the application

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