written by on 19/11/2013
In the somewhat materialistic society we live in today many of us are unfortunately relying on some form of credit to get us through the busy times. Which is fine, provided one lives within one's means. At the same time life does throw obstacles and hurdles our way and we are subject to relying on credit for sometime to get by. Having said this, as a good person who unfortunately was faced with a very serious medical challenge I did have to rely on credit a little more then preferred. Unfortunately for me, my creditor was MBNA. They have made my life literally a living hell, with false advertising their product, hidden fees, action taken against a loyal long term customer for one late payment and the list goes on and on. Despite having balance coverage insurance, which honestly folks don't bother getting it and if you have it cancel it because when you need it they decline you and when you don't they charge you every month! MBNA is attached with the federal government here in Canada, and without your knowledge they can send you profile on wards to government entities and haunt you through these avenues as well. So far with my experience and a large network of close friends, family and relatives - of which many have seen what MBNA has put me through - they are all cancelling their cards and word travels fast as they are encouraging their own networks to do the same. Social media efforts are being made to make you all aware of this uniquely dangerous organization. My advice is simple, if you have MBNA cancel it, if you don't have it and are on the market for a new credit card then don't apply for MBNA! They will give it to you easier then many esteemed organizations but honestly it is not worth the lifelong scar they put on you! I hope you all will take this sound advice into consideration when evaluating the best credit product for you and your family. Cheers and Best Wishes for a safe financial future.