By the way, hurry on that MBNA. When they become Bank of America at the end of the year you will have a much harder time negotiating with them. I realize that everyone's experience is different, but my experience with BofA has been that they are absolutely unwilling to negotiate with sub-prime accounts. Chances are high that you will end up locked into that penalty rate for a good long time with them. Try calling MBNA on the first of the month around 11am EST. That person who takes the rate reduction call from the first person has a heck of a lot of power and discretion. If you catch them at a bad time of day, they've just woken up and haven't had any coffee after a night of partying, or they've just spent all day listening to people whine about rates when they are consistent deadbeats, they are far less likely to look at you favorably. Be firm, nice. Don't whine or get into an extended discussion of your financial woes. Treat them as a person who is not responsible for your high rate but who might be able to help you.
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