MBNA Credit Card Account SOLD!

[brokebutnotbeatn]

humm. Interesting. x

[spots1]

Hi fellow caggers

Just an update on the MBNA account sale ....had a letter today from Moorgate Servicing complete with a statement printed on the reverse and I am still a very happy bunny as the balance is the exact amount that it should be and still indicates that interest is frozen as was the arrangement with MBNA

Hope it stays this way otherwise you know what will happen !

 

Hope yours say the same Brokebutnotbeatn !

[victoria_siempre]

Hi spots

 

I'll wager that there are 2 defaults showing your file for the same account though?

 

x

 

v

[brokebutnotbeatn]

Hi Vic, they will probably start reporting the same default; as long as the dates etc don't change they are within their rights to do that. Having said that, sometimes they just report it as an Arrangement to Pay and not a default...

Hi Spots; I will see what's in the post when I get home tonight!

[victoria_siempre]

Hi bnb

 

I follow your train of thought but I disagree with you and should hope that you would be disappointed in me were it to be otherwise.

 

A default relates to an account between creditor (who may change its name) and a debtor (who may not); there may, of course, be administrative errors but one would expect the duplicates to be connected in some manner, eg by the use of a common account number. I should expect a judge to understand that posting duplicate default entries by unknown entities might be prejudicial and vexatious (for example, Idem; have 29 trading styles and could register 29 defaults against me at the press of a buton). I agree that the law is fuzzy and that, in practice, I have little redress for the minute, however EU law is useful and currents within ICO are helpful.

 

Your second comment is also pertinent; for example, Bob Diamond (the 12 mill a year casino banker) has issued a DN of sorts via Mercers but refuses to post this on my CRA file. My Lord, don’t these ‘people’ ever want me to be free of usury?

 

Dim the lights; you can guess the rest.

 

x

 

As always

 

v

[brokebutnotbeatn]

Oh Vic, I completely agree with you. As anyone with just one default cannot get a mortgage we will have market melt down in a few years unless things change. And to 'punish' the payers forever (which reporting an arrangement to pay does) is clearly vexacious...

[cashins]

Hi spots

 

I'll wager that there are 2 defaults showing your file for the same account though?

 

x

 

v

 

Err...yes there are and I am already in contact with MBNA on the subject.

 

The view of the ICO is that you cannot have 2 defaults showing for the same account and have already ruled in my favour in the case of B/card & Cap1 who both pulled the same trick.

 

David

[spots1]

Hi all

Checked credit report and just MBNA showing atm ...as this was only sold on to come into force on the 12th March will wait and check again next month ...anyone know how often the reports are updated ?

 

broknbutnotbeatn...did you get a letter from Moorgate ?

 

spots1

[victoria_siempre]

Hi spots

 

I have both showing, ie 2 defaults for the same alleged a/cs and shan't be paying the second chap until the 1st is removed and .. and..

 

x

 

v

[brokebutnotbeatn]

nope. nothing new from Moorgate.

[brokebutnotbeatn]

My Moorgate statement arrived today and it confirms 0% interest

[city128]

I have 2 defaults for the same MBNA debt - 2nd one is two months before the old was was due to 'fall off' my credit file. Any advice on what to do next would be much appreciated. My a/c has been sold on too.

[brokebutnotbeatn]

Complain to MBNA and whomever bought the debt and point out the original default. Instruct then to remove it from your file as they can only report the existing default and can't change the date. Copy your complaint to the CRAs too.

[city128]

Thanks will do that. Am also going to CCA them as I was paying PPI so want to see the original agreement as I can't find it. Do you think I should do that before or after contesting the second default? Many thanks for your help.

[brokebutnotbeatn]

separate to it but i wouldn't say timing if an issue

[Millea]

When I had a Virgin credit card it was taken over from MBNA and during that time I was in dispute with them due to APR... when I first took out a credit card with them the APR was around 18% I spent £2000 on the credit card and without me realising over time the APR crept up to 30% and the £90 I was paying monthly ended up only covering the interest,,, and without even spending on the card the amount I owed them ended up going up to £4000..... during the dispute it turned out that MBNA couldnt find any notes from Virgn and now Brittanica cant either and have now sent me a County Court Judgement, and I am in turmoil... Can anyone offer any advice,or has anyone else had problems with these credit card people.. I for one will never have a credit card again, they are nasty theives.