MBNA America can eat shit and die.

10 Feb 2005 By

Tell me how this makes sense.


I have a Visa card with them. It’s the first credit card I ever got. Signed up for it in college. It’s got a high but not huge credit limit, and until recently, I was over that limit for a good long while. I lived off this card for the year I was unemployed (I know, I know…).

So I just got under the limit and I called to ask them if I could lower my interest rate. Because my interest rate is obscene. (I probably should have asked about that forever ago, before I got current, but oh well. It’s done now.) Obviously, if I was over limit for so long, I couldn’t make the payments. Well, they tell me that on account of my payment history for the past year, they can’t give me a lower rate.

“Lisa” observes that I was making the payments before and wants to know what happened that I couldn’t make them. I said I was just barely making them, and that was at the expense of other accounts. I said I know it’s not in your company’s best interest for me to pay this down, but better I make my payments than not, right? She says she can refer me to the debt management company they work with, and all she can do for me right now is to lower my credit limit so I can’t burden myself with that heavy of a debt load again.

Gee, thanks, Lisa. Treat me like a child, and then lower my credit limit so that it’s that much easier for me to go over limit so you can sock me with all kinds of fees again. Bastards. I hate them.

And I used up 30 of my daytime minutes for that shit.

Okay, I know that this is what credit card companies do. I know this is typical and standard for all of us stupid enough to dig ourselves into credit holes. But still. Fuckers. Grrrrrr.

  • http://thewatergirl.blogspot.com the watergirl

    I personally cut up my MBNA card, also with lots of $$$ on it from when I wasn’t working/when I moved. I’m still paying it off, but I’ll never use that card company again. FUCK them.

  • http://ww.daybydaycartoon.com Chris Muir

    MBNA=Satan.Those swine nearly bankrupted me at 29%!
    You can settle your debt with them by negotiating with them and paying them 55-60%.

    Bastards.

  • http://blownfuse.mu.nu Tiffany

    I never got suckered into MBNA. Capital One had their sales monkeys out at UNC hitting everyone up and luring them into debt.

  • http://kneedeepinit.blogspot.com Killy

    I’ll second that “eat shit and die” and raise you a “fuck goats for all eternity.” And while MBNA is at it, they can take Suntrust bank with them. Bastards.

  • http://jenben.info/home.html JenBen

    Personally, I think all credit card companies who troll campuses are immoral. They know what they are doing…they know most of those student accts are gonna fuck those kids over…

    On a more funny note, my hub’s nephew was on his Mormon mission and was trolling the campus for converts when the credit card company found him and signed him up…as if that’s not ironic enough, he maxxed out the card and was sent home early from his mission…which is VERY shameful for the entire family *snicker* I mean, uh…*coff* that’s not FUNNY! ;)

  • http://www.dustbury.com/archives/003830.html dustbury.com

    Low finance

    Mergers in the credit-card industry have left the top ten issuers with 84 percent of the market. I don’t know whether this necessarily spells a deterioration in service: I currently…

  • http://weblog.mcgeheezone.com/ McGehee

    If that’s the way they want to be, Watergirl’s solution makes sense. Let someone else benefit from your economic activity from now on.

  • http://www.swirlspice.com Erica

    Yeah, I haven’t actually charged anything on that card (or any of my three cards, actually) in over a year. Except for maybe a handful of uses of my Discover card in emergencies (hate them, too). Once I get everything paid off, I only intend to use my U.S. Bank Northwest Worldperks Visa, though I may keep the MBNA acct but cut up the card since I’ve had it the longest.

  • http://www.aperfectanomaly.com Bayou

    I was in a very similar situation a while back with more fucktards- Chase. Although the interest rates aren’t as bad as MBNA, it was still enough to eat me up while I was unable to make payments.

    I called and got a (responsive) debt consolidation person on the phone. I was able to “cancel” my account (even though I had not used it in over a year) and then got on a broke-folks payment plan for a full year. It saved my ass and was able to get my balance back under the limit. With this freeze techinique, as long as I paid on time, I did not have any extra fuck you six ways from Sunday charges.

  • http://www.thelast5pages.com pea

    Unbeliavable. I had an account with those idiots at one time. The best thing I did was contacting a debt consolidation service. They negotiated everything and I didn’t have to deal with the stupid companies anymore. It took me 3.5 years to clear my debt. It was a lot of work but oh god, the feeling afterwards was great.

    Hope things get straightened out soon.

  • http://www.swirlspice.com Erica

    Yeah, coincidentally, I saw a debt consolidation service advertised on a car while driving around town the other day. Within a couple weeks my taxes should be paid out and my bonus from work should be paid in. I think I’m gonna hit them up after that.

  • http://www.dawnpennington.com dawn

    I tried that shit with GMAC. Because paying 18 percent interest on a Sunfire is just plain wrong. They were all huffy during my five months of non-employment that I wasn’t making enough payments, so I asked about killing off the interest rates. They were gloating that they knew I was gonna be a bad credit risk and I’ve just proven them right. I said well, if I didn’t have to pay $400/month and have half of it go to interest, the car would have been paid off by now. Fuckers. And don’t get me started on Citibank, either. …

  • http://ilyka.mu.nu/ ilyka

    Oh, oh, oh how I hear you. MBNA, Citibank, First USA, it don’t even matter–they’re all in service to the Dark Side once you get on That List.

    My dad can call and ask for a lower rate any day of the week and they kiss his ass something fierce. He’s on the good list. Not me. I can NEVER call them. They’d just give me the same business they gave you.

    People who say, “Oh, call them! It can’t hurt! What’s the worst they can do, say no?” just have no fucking idea how evil it gets when you’re a dumbass like me, the kind of dumbass who used to think–if I can even use that word–”Sure, I can charge that. I got a $12K limit!”

    They’re all evil, though. The only thing that varies is the degree of evil.

  • http://www.gayorbit.net Michael

    Erica,

    I feel your pain. I’ve had an MBNA Visa since I moved to the US nearly 6 years ago. I have a spotless credit history, and have never missed a payment/been over the limit. In fact, my card has a zero balance, and almost always has. I own my own home, have a 750+ Credit score, and have never had a late payment on anything.

    My MBNA Interest rate? Over 20%.

    They can’t lower it for me, because, er, they can’t. However, they will raise my limit. In 5.5 years, it has gone from $1,000 to now over 13,000. They think by raising my limit, they’re gonna coax me to use it!! WITH A 20% RATE? Suck Rocks!!

    I keep it though – zero balance. It’s my longest credit history in the US, so it’s good for that. I put one purchase on it a year – usually something that costs less than 5 bucks.

    MBNA is a scummy company, in my not so humble opinion.