Wednesday 22 December 2010

'Debt' Card Overdrive??

Current US Population = 310,957,000

Direct mail offers for new credit cards in the third quarter of 2010 to US consumers = 1.2 Billion

Now do you get an idea of the scale of the 'DEBT' card industry in the US?

Link to the original article

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Tuesday 14 December 2010

OFT requires MBNA to improve debt collection practices

It's nice to see the regulators doing their job.....MBNA are one of only a handful of lenders that were consistently refusing reduced payments from clients on debt management plans - in these cases we would have to wait for MBNA to sell the debt on to a debt collection agency before an agreement was set.

Link to original article

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