G
GirlFriday
Guest
Hi
I have a credit card with MBNA. I am in a position to pay half the ammount owed. It's a performing loan - i.e. I have always made minimum payments. I was wondering if it's possible to make a full and final settlement of a performing loan without affecting my credit rating? I had heard that this was possible. I am under financial pressure but I'd hate to have a damaged credit record. On the other hand, as someone has pointed out to me recently, half the country now has a damaged credit rating so in a few years time, nothing will be thought of it. Can I have your opinions please?
I have a credit card with MBNA. I am in a position to pay half the ammount owed. It's a performing loan - i.e. I have always made minimum payments. I was wondering if it's possible to make a full and final settlement of a performing loan without affecting my credit rating? I had heard that this was possible. I am under financial pressure but I'd hate to have a damaged credit record. On the other hand, as someone has pointed out to me recently, half the country now has a damaged credit rating so in a few years time, nothing will be thought of it. Can I have your opinions please?