Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi all! We have been experiencing an issue on site where threads have been missing the latest postings. The platform host Vanilla are working on this issue. A workaround that has been used by some is to navigate back from 1 to 10+ pages to re-sync the thread and this will then show the latest posts. Thanks, Mike.
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Reducing limit on maxed out credit card?

  • 16-11-2011 12:54pm
    #1
    readyletsgo
    Registered Users, Registered Users 2 Posts: 3,276 ✭✭✭


    Just a quick question.

    I have an MBNA credit card that is always maxed out, I always pay the min charge of €60 a month but always seem to take out the €20 left on it stupidly.
    I was wondering if anyone on here could tell me if I can ring MBNA up and ask them to reduced the limit from €2500 to say €1500 and keep paying it off? Would there be any massive charges?

    I did have an AIB credit card last year and it was maxed at €500, I rang them up to get the closing balance and they closed it for me with a small charge on it, but there was no problems or anything like that in doing this.

    Would MBNA do this for me if I lowered the limit or would it be a case of just closing the card. I never miss any payments with them since I got the card.

    I cant get another credit card/loan to transfer the balance over so thats out of the question with any other places. Just want to get the card limit down to €1000 or something and just have it for emergencies (I was very stupid with it years ago, a lot older now).

    I know its not a lot and a lot of people are in a lot worse situations but just want rid of it as soon as I can, but finding it hard as I am on a very low wage, and its following me around like a bad smell, eek.

    Thanks for any advice you can give! :(


Comments

  • #2
    readyletsgo
    Registered Users, Registered Users 2 Posts: 3,276 ✭✭✭readyletsgo


    BUMP

    Just off the phone with MBNA, asked to get the closing balance, they say they can not give me a closing balance until the balance is ZERO then they wack on the govt. stamp dute and any extra charges.

    So, if anyone is reading this, the best thing I can do is, cut up my card and pay it all off as much as I can till balance is 0 then close it.

    Sorry for wasting everyones time :o


  • #3
    Trampas
    Registered Users, Registered Users 2 Posts: 7,810 ✭✭✭Trampas


    cut up the card so you can't use it anymore for starters

    take out a loan to clear it and pay that off

    can you move the balance to a new cc where they give 0% interest for 6 months.


  • #4
    readyletsgo
    Registered Users, Registered Users 2 Posts: 3,276 ✭✭✭readyletsgo


    Trampas wrote: »
    cut up the card so you can't use it anymore for starters

    take out a loan to clear it and pay that off

    can you move the balance to a new cc where they give 0% interest for 6 months.


    Not to be extremely rude to you an all but did you read my two posts?

    Anyway, yeah cut up the card this morning. So done. Thanks for the reply :)


Advertisement