MBNA Debt Settlement Letters

Below is a small sample of actual client settlement letters we have received from MBNA.1

Debt2 Settlement Client Situation Debt Shield Result3 Settlement Letter
$29,564.32 $8,171.30 This client used all of his savings to live while he was out of work for three years. Debt Savings of $21,393.02 view
$21,321.00 $10,600.00 This client was seriously considering bankruptcy when he was making his minimum monthly payments and getting nowhere. Debt Savings of $10,721.00 view
$14,191.17 $4,257.00
  • Claims he was one day late on his payments
  • Interest rate increased from 6% to 25%
  • Could no longer afford monthly payments
 Debt Settled for 30% view
$32,110.48 $5,500.00
  • Client became unemployed
  • Had medical and credit card debt
 Debt Savings of $26,610.48 view

Debt Settlements By Creditor

American Express Bank of America Capital One Chase
Citibank Discover HSBC Lowes
MBNA Sears Target Wells Fargo

1 Results not typical and individual results may vary
2 Debt at time of settlement
3 Settlement percentage is based on the amount of debt at time of settlement

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  • It could take you over 18 years – and at least $31,000 in interest payments – to pay off a $10,000 debt on a card with a 19% rate, if you only pay the monthly minimum.
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