The Motley Fool Discussion Boards

Previous Page

Personal Finances / Credit Cards and Consumer Debt


Subject:  MBNA Unsecured Loan Date:  1/24/2000  3:05 PM
Author:  bnienhuis Number:  25186 of 312293

I just received an offer from MBNA for unsecured credit for up to $25,000 @ 12.99%. I have credit card and personal loan debt that I'd like to consolidate, with APR's ranging from a high of 15.9% down to a low of 9.9%. Would it make sense to get the MBNA loan, pay off all the credit cards [cut them up of course!] and pay them for 48 months? Has anyone else seen this offer and if so, what are the "holes" in it? I'm sure there are some!


Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us