Friday, October 30, 2009

Debt Consolidation Ireland: Debt Assist: MBNA hike interest rates on struggling customers

Debt Consolidation Ireland: Debt Assist can help people who have fallen behind with mortgage or credit card repayments. If you are having trouble paying loans call us on 1890 87 67 27 or visit us at www.debtassist.ie to book a free consultation.

It has been found that MBNA are raising the interest rates it charges to customers who miss repayments. One customer in Donegal who lost his job and had missed 2 repayments found that the interest he was being charged jumped from 14.9% to 25.9%. MBNA maintain that this loading of a customers interest rate is because they feel the customer is now more high risk and therefore that is reflected in the interest charged. Debt Assist however would feel this is nonsense how can you possibly expect a customer who is having problems meeting repayments at 15% to then go on and pay repayments at 26% almost double the rate they had trouble paying before.

Debt Assist has a track record of helping people in this situation and succesfully getting creditors to freeze interest on debts and any other charges being added thus helping clients pay down the principal of the loan faster. Contact us on 1890 87 67 27 or visist us at www.debtassist.ie and see what we can do to help your situation.

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