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MBNA Consolidation Loan

Discussion in 'Credit Talk' started by bgolden, Mar 3, 2002.

  1. Mar 3, 2002 #1
    bgolden

    bgolden Well-Known Member

    Has anyone applied for this loan and was you turned down or approved? What was your credit score and who did they pull?

    Thanks for any details.
     
  3. Mar 3, 2002 #2
    whyspers

    whyspers Well-Known Member

    I don't know anything about this particular loan, but I have read that any type of consolidation loan, finance company loan or anything that makes it look like you aren't managing your current debt while making more credit available (ie consolidating would leave your credit cards open to run up more debt) will lower your FICO.

    L
     
  4. Mar 3, 2002 #3
    rubyjean

    rubyjean Well-Known Member

    MBNA USES TRW( EXPERIAN) AND TRANSUNION (TU).. DEPENDING ON HOW YOUR CREDIT LOOKS, ECT. THEY MAY ONLY USE ONE..
     
  5. Mar 3, 2002 #4
    Ron

    Ron Well-Known Member


    bgolden,

    On my Goldoption loan they pull credit from Experian and on their credit card they usually pull credit from TransUnion. By the way, you cannot pay down any MBNA accounts by using this loan.



    Ron.
     

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