Do not worry. If you have a lot of credit card debt, it is affecting your credit rating, a negative way. There is one thing, credit card companies do not tell you is that if you carry a balance on your card, which is more than 25% of the credit limit, you actually punish your credit rating, even if you pay your payment Time.

hello there SparklePlenty,

how is your line of credit now? do you still hold the MBNA credit card that you had before? i have found out that you have problem handling your finances which in turn gave you trouble on how to pay off your bills.

you can ask advices and help from this website. all you need to do is join in topic in which your problem fits in. i am sure people will be willing to help you.

we will be waiting for your posts.

I had a nervous breakdown in 2004 from which I am still recovering from. I am on a provincial disability. At the time I was owed about $15K from clients who were not paying.

About a year before MBNA sent me a preapproved application for a Mastercard with a $6500 limit. I didn't need it at that time but as the date of my breakdown was approaching I was incapable of working and sso used this as a line of credit in an emergency. (I might also point out that someone from MBNA call centre simply asked me how much money I made. No further investigation was persued. I told them xx thousand as at that time I was).

My MBNA account has written off by MBNA but the collection has drifted from one agency to another each year.Now I owe $6700. Do I still have to pay the current collection agency? MBNA wrote it off in 2008. I tell each one I am on a disability and usually haven't enough money each month to cover my bare living expenses.

So, how should I handle this? I once heard that if a collection agency hasn't talked toyou for a year or more then you don't hae to pay.

I want to be able to get a secured credit card soon as I am going back to work for myself. I could wait till the end of six years but am prepared to make some reparation. Whta next?