ChatterBank1 min ago
MBNA Credit cards
3 Answers
Does anyone know how much MBNA will sell a bed debt on for, to a debt collecton agency in percentage terms?
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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.
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.
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
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
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