Mint and MBNA credit card problems

[owenp]

Hello everyone,

I'd really appreciate your advice on how to deal with my Mint credit card

which, due to an unexpected drop in income,

I'm finding increasingly difficult to pay.

I actually hold 2 CCs, the Mint and a MNBA.

 

The Mint.

I took it out in October 2003.

The balance is just under £10,000 which is the credit limit.

There has never been any PPI.

There have been a small number of late payments over the years, prob only 3 or 4.

No defaults or missed payments. No over limits. I've been paying the minimum for years.

 

I've done a CCA and, unfortunately, they have provided me with a photocopy of my original application form.

 

The MNBA

I took this out in March 2013. Balance £2000. Credit limit £2,500. No PPI.

No late or missed payments or over limits. Again paying the minimum.

I haven't done a CCA as it's post 2007. I've gleaned all this from this forum!

 

Both accounts show on Noodle as Up To Date.

 

A good friend has offered to loan me £5,000, interest free with a repayment of £50 per month until cleared.

I initially thought I'd use this to pay off the MNBA and reduce the Mint but I'm now thinking I may be able to use it to get full and final settlements on one or both.

 

I own my flat, on mortgage, and was wondering about offering them a charge on it to pay the amount off if it were sold. I am 64 yrs old and don't envisage selling any time soon

 

Any thoughts would be greatly appreciated.

Thank you

[maroondevo52]

Hi,

 

I'd think it worth your while to contact them and maybe offer something like 40% maybe 50% at a push. I'd go with the Mint card first, see what they say.

It's not something I'v done myself but you never know.