Posted: Tue Dec 11, 2007 10:16 am
About 4k, My IP said it was the norm for them to sell the debt onto eversheds and GE capital does the same as well.
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Posted: Tue Dec 11, 2007 10:18 am
Sorry, just noticed the question wasnt for me.
Posted: Tue Dec 11, 2007 10:26 am
I owed MBNA around £7000.00 and before my creditors meeting they sold it on to Eversheds who voted yes.
Posted: Tue Dec 11, 2007 10:26 am
They were the only ones who voted no for me out of 14 creditors, they didn't give a reason
Posted: Tue Dec 11, 2007 10:27 am
MBNA will vote or not you ask?? Does MBNA know? Alternatively, they can sell your debt to Evershed before the vote takes place?? They are known to ditch the debt before the vote takes place if they feel it will be approved.
I'll say 50/50 as a betting man.
"Always think outside the box"
I'll say 50/50 as a betting man.
"Always think outside the box"
Posted: Tue Dec 11, 2007 2:52 pm
I found MBNA - or rather agencies acting on their behalf - to be one of the most persistent creditors whilst my IVA was being prepared. I had 3 accounts with MBNA but - come the creditors meeting - they voted yes to all three. As my IVA was a close run thing I am very grateful to all my creditors who voted yes so thank you and Happy Christmas to MBNA from me. Having said that all the accounts were later sold onto Max Recovery.
Posted: Tue Dec 11, 2007 2:55 pm
Actually my last post was incorrect - the debts were sold on to Max Recovery shortly before the meeting - so I guess it was Eversheds who voted Yes. So thanks and Happy Christmas to Eversheds too!!!
Posted: Tue Dec 11, 2007 3:19 pm
I found MBNA's call centre staff rude and pushy - the worst of my creditors. I had to tell them that if they didn't stop ringing me at work I would be sacked and therefore they wouldn't get anything and I put the phone down on them a couple of times. The ironic thing is they didn't even bother to vote at my creditors' meeting!
Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.
View my blog at http://skippy13.blogs.iva.co.uk/
Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.
View my blog at http://skippy13.blogs.iva.co.uk/
Posted: Tue Dec 11, 2007 6:13 pm
Hi
MBNA was one of my creditors 12500 DEbt i was offering 32p in the £ when the proposal went out for my IVA they sold it on to Evershields the same day who then voted YES
MBNA was one of my creditors 12500 DEbt i was offering 32p in the £ when the proposal went out for my IVA they sold it on to Evershields the same day who then voted YES
Posted: Wed Dec 12, 2007 8:21 am
When i got home last night, i had a letter from MBNA saying they had sold my debt onto Eversheds, my meeting is on Monday.
Posted: Wed Dec 12, 2007 10:10 am
MBNA were one of my creditors too, they were very aggressive during the time my IVA was being prepared, their 'insolvency department' kept ringing me and sending letters advising me that an IVA was the wrong thing to do, they said my best option would be to set up a debt management plan with them.
I didn't do as they advised and my IVA was approved last April, the ridiculous thing was they voted yes and the day after my IVA was approved a very pleasant lady from MBNA 'insolvency department' rang me and said they had looked at my proposal and decided it was the best return they were going to get so they voted yes, she then wished me the best of luck for the future.
As you can see from my personal experience, MBNA will try every trick in the book to squeeze money out of you but if your IP does his/her job properly, they will vote yes when they realise it's the best return available, let's face it the alternative is most probably bankruptcy and the return from that will be considerably less.
I hope this helps [:D][:D]
I didn't do as they advised and my IVA was approved last April, the ridiculous thing was they voted yes and the day after my IVA was approved a very pleasant lady from MBNA 'insolvency department' rang me and said they had looked at my proposal and decided it was the best return they were going to get so they voted yes, she then wished me the best of luck for the future.
As you can see from my personal experience, MBNA will try every trick in the book to squeeze money out of you but if your IP does his/her job properly, they will vote yes when they realise it's the best return available, let's face it the alternative is most probably bankruptcy and the return from that will be considerably less.
I hope this helps [:D][:D]
Posted: Wed Dec 12, 2007 11:11 am
MBNA have my mobile number, I just don't answer it, then forward the answerphone message in text form via e-mail to my IP. They are very pushy, they were calling me at work, so I gave them my mobile number to try and sort this. Hopefully, the letters will be going out to creditors today so they might start taking some notice and stop ringing me (I can but hope!!)
Posted: Wed Dec 12, 2007 12:58 pm
I had the same problem with MBNA with constant phone calls trying to get money out of me.
Staff are very rude and at one stage a women rung screaming down the phone for £8. I was waiting for the next call off them so I could tell them if they stopped ringing me they would soon make up there £8 buy saving on the phone calls
Staff are very rude and at one stage a women rung screaming down the phone for £8. I was waiting for the next call off them so I could tell them if they stopped ringing me they would soon make up there £8 buy saving on the phone calls
Posted: Wed Dec 12, 2007 1:13 pm
They can try and leave all the messages they want, they will each get forwarded to my IP - she is more than happy to fend them off. I just hope they don't try to call me at work, but our receptionist is good at deflecting calls if I say I don't want to talk to them!
Posted: Fri Dec 14, 2007 10:57 am
I'm actually quite surprised. MBNA rang my mobile on Tuesday morning, I let it go on to voicemail, and they said it was "imperative I rang them today", I forwarded this to my IP, she rang them said they were OK about it, but would probably be pestering me again. Touch wood, to date, I have had nothing.