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Re: MBNA Credit Card Charge Off


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Posted by LadynRed (199.91.33.254) on January 30, 2003 at 15:55:53:

In Reply to: Re: MBNA Credit Card Charge Off posted by Robin in SC on January 30, 2003 at 13:33:59:

NCO is BAD news, BudHibbs is quite correct. They are bullies, liars and theives who violate the FDCPA with abandon.

This letter says NOTHING about having to make any 'payment' in December, I only see that you'd have to pay the 1500 by 2/28/03 - period. They're giving you the opportunity to pay the settlement in payments too, their 'specified period'. This seems pretty clear to me and NCO can pound sand. You need to quote this letter to the scumbags at NCO.

As for charging-off the account 'whenever they please' - that's against the law. The banking laws say they have to charge-off when an account reaches 180 days of non-payment - its NOT an option for some dipstick in a collection agency..or at MBNA for that matter !!

MBNA may sue you if you don't settle, but then again, they offered ME pretty much this SAME agreement almost 6 months ago and I've not been sued yet.. and I NEVER talk to NCO, EVER. They talk to my answering machine daily and that's ALL they will EVER talk to - I suggest you do the same.

They probably can't lien your house (what state are you in ?) and they most likely can't take a single thing you own. IF they sue, they might be able to garnish wages (if allowed in your state) or bank accounts. If you can't pay this, or it would put you in a difficult situation, let it go. You will most likely be offered another settlement down the road.


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