ukiainib V's MBNA

[pennypenny]

Oh no, how awful, how could they do that??

 

My card is suspended cos I went over my limit and and then got behind with payments cos of the charges so when they credited the account with my £300 they said they were taking it off the balance and not the arrears so I was still in arrears even though my balance is showing less than my credit limit. When I sign in to my online account it says card suspended but I can still check my statements.

[icepop55]

Hi Ukianib

 

I received a identical letter from MBNA. The first offer I rejected but didn't cash the chq. They then offered a second settlement which excluding the first offer, offered the full amount without going to court. So I accepted the first payment and second payment in full.

 

This may I add to be payed to ME.

[Dougal16T]

I thought I read somewhere that Bryan Carter were 'not quite whiter than white'? I think we should be careful dealing with them because I also thought Bryan Carter had been removed from the Solicitors Roll...need to check this. MBNA are very keen to use YOUR money to pay to the DCA - why? If the debt has been sold then they already have (a) money from the sale of that debt, and (b) an amount by way of tax relief from the Chancellor! ALL WITH YOUR MONEY!!! It is about time these bullies were taught a lesson they won't forget!

Apologies for that...feeling much better now.

BEST WISHES TO ALL AS ALWAYS...............

[ukiainib]

Hi Dougal16T,

 

Yep I read that thread as well about Bryan and Carter but after sending it.

 

Nice to know the way they work, and use our money, was wandering why they offer a quick settlement, if you can pay it in one lump sum......sneeky blighters.

 

A good rant is welcomed anytime

[ukiainib]

How on earth do you work out the APR, statments say 1.8735 so you times this by 12 to give you 22.482...but this is wrong, as it should be 24.9%

 

24.9% divided by 12 is 2.075...now I am getting

[ukiainib]

lol found an explination here Interest Rates and Compounding

have fun trying to understand:confused:

[dizzy delilah]

I sort of cheated on this bit as I couldn't work it out either. I modified a spreadsheet which originally showed 8% interest with a daily rate underneath. If you change it to the rate you need it adjusts the daily bit accordingly. I think it was one of Vamps, but it was a while ago so I'm not 100% sure.

[ukiainib]

Hi DizzyI done the same, as it uses the day of the offence(as when they charged you) to the day you put the date in the spreadsheet.I wander what I will go for £81 as a one of 24.9%, or £570 for CI from 04-06-04 till the date on spreadsheet.....hummmm I wander if you can call it theft?

[dizzy delilah]

Well, they stole it from you in the first place!!

[ukiainib]

those knifing thief's.....where are the old bill when you need them;)

[dizzy delilah]

Hmmmmm.....busy at the office putting together their own bank claims no doubt!!

[standingupformyself]

subscribing...... will try to help if I can xxxx

[ukiainib]

thanks for the help, all is welcome

[ukiainib]

Yippy :Dgot a cheque :Dthis morning for the £523 they were going to credit the account with, so do I class it as won?, even if the interest is still outstanding, as I am going for the CI as well.

[wednesday1867]

Congrats.

Thats 3 wins for 3 caggers in 2 days

 

 

I got a letter today saying they will credit my account with my refund. So how did you get a cheque, did you ask? Or have they sent it by mistake when it should of been creditted to your account, or is your balance zero and its the difference

[standingupformyself]

c o n g r a t u l a t i o n s

It really has been a good week for us MBNA'ers hasn't it....... really pleased for you xxxx

[ukiainib]

Hi Wednesday1867,

 

I sent a letter to them, a link here, the balance outstanding in debt is with fredrickson's apparently, so I am waiting for them to contact me now, so I can start sorting that out.

[ukiainib]

Thanks Standingupformyself

[wednesday1867]

Hi Wednesday1867,

 

I sent a letter to them, a link here, the balance outstanding in debt is with fredrickson's apparently, so I am waiting for them to contact me now, so I can start sorting that out.

 

 

Think ive seen some good fortune and i dont fancy pushing my luck, saying ill only accept if its a cheque

 

Ill let them take it off my balance, and im gonna reclaim the ppi, which should bring me out with a few quid

[ukiainib]

Could a moderator get bankfodder or dave to PM me please as I would like to make a donation, as I cant use paypal, I can only do it via online banking :o

[dizzy delilah]

Congratulations!!!

You got there in the end - well done!!

[pennypenny]

CONGRATULATIONS UKIAINIB:) :)

Are you still going after them for the CI?

[ukiainib]

thanks dizzy and pennypenny.

 

Yeah I am still going to go for it, will be drawing up a letter tonight, for posting tomorrow.

[ukiainib]

just thought, I am sitting here going through my file for MBNA and noticed the postal order is still sitting here, where they returned it to me, suppose I could send it back to them, as a payment towards the remaining debt, rather than putting £10 in the bin.

[ukiainib]

well letter drawn up and posted, with the postal order, below is the letter..hopes it is in order...if its not then please someone shout.

Response to settlement offer.

Dear Emma,

Thank you for the letter’s dated 18th and 20th June 2007

Enclosed is a postal order for £10 which is payable to MBNA, I have returned this to you for crediting the account, as it is crossed, and can not be transferred.

I respectfully decline your offer of settlement and request, one final time, that you return to me the remaining compounded interest imposed on this account, which has now an outstanding amount of £550.07.

In order to avoid litigation against you, I am prepared to temporarily accept the sum offered as partial settlement on the clear understanding that the remainder is paid within the next 10 days. Failure to comply with this request will result in legal action against you for full recovery plus cost’s and fee’s occurred.

For avoidance of doubt, I wish to stress that I do not accept your offer under the terms stated in your letter.

Also enclosed is an updated report of the charges, and the repayments you have paid.

 

Yours faithfully,