MBNA offered settlement
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Posted by Waiting in Texas (207.221.161.253) on February 14, 2004 at 00:47:34:
Just FYI for those of you in the same boat. My husband has an MBNA account about to charge off. The Balance is $16k and change. MBNA just sent him a letter advising him his account is about to be written off and they offered him a settlement of $7k. We were suprised they would offer such a deal since this is the very first letter we have received from them since he defaulted. We figured it would take years. Anyway, maybe it's because we live in a debtor friendly state.
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