- Report: #108530
Complaint Review: MBNA America - Wilmington Delaware
-
Author Not Confirmed
Why?
MBNA America
1100 N. King Street Wilmington, 19884 Delaware, U.S.A.
Phone:
800-622-5070
Web:
N/A
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
MBNA America dramatic credit rate increase Wilmington Delaware
MBNA raised my interest rate on my Visa credit card from 9.9% to 19.99% - even though I had never been late on a payment, made payments much greater than my minimum required. I was such a good customer with MBNA, that, over time, they increased my credit limit to over $14,000!!
Then, when my debt got near my credit limit - WHAM! they increased my rate which increases my monthly minimum due by over $100. They will not negotiate a better rate as they told me that between me and my husband, we had too much credit card debt.
What they neglect to understand here is that my husband is a painting contractor. He gets paid based upon construction "draws" and he usually gets a draw once a month. He's working with a new contractor and hasn't been paid yet. Once paid, his draw should be around $20,000. Until we receive this draw, we are a little strapped for cash and therefore have been depending on our credit cards a little bit more.
As soon as he receives the draw, I will pay MBNA in full and NEVER NEVER have anything to do with them again!
Jeannie
Chesterton, Indiana
U.S.A.
Then, when my debt got near my credit limit - WHAM! they increased my rate which increases my monthly minimum due by over $100. They will not negotiate a better rate as they told me that between me and my husband, we had too much credit card debt.
What they neglect to understand here is that my husband is a painting contractor. He gets paid based upon construction "draws" and he usually gets a draw once a month. He's working with a new contractor and hasn't been paid yet. Once paid, his draw should be around $20,000. Until we receive this draw, we are a little strapped for cash and therefore have been depending on our credit cards a little bit more.
As soon as he receives the draw, I will pay MBNA in full and NEVER NEVER have anything to do with them again!
Jeannie
Chesterton, Indiana
U.S.A.
