Sallie Mae MBNA GoldOption Line of Credit

[stickyfingers]

Received this in my inbox:

Exclusive offer for Sallie Mae® customers!

 

 

Apply for:

 

* Up to $25,000* quickly and easily.

* Rates as low as 7.99% non-variable APR**.

* Choice of terms from 36 to 72 months.

 

Have you ever wanted to take more control of your financial future? Now you may be able to do so. Easily.

 

Sallie Mae has partnered with MBNA to offer you the opportunity to apply for a flexible, affordable line of credit that could help you consolidate your non-student-loan debt+ and possibly save you money each month. Apply today!

 

And the Sallie Mae GoldOption® line of credit from MBNA is designed for people like you who want to make your own decisions.

 

* You decide how much to apply for--up to $25,000.

 

* You pick the initial payment term--from 36 to 72 months.

 

* You get predictable monthly payments you can plan for.

 

With rates as low as 7.99% non-variable APR (Annual Percentage Rate)**, you could end up paying far less per month than you are paying now.

 

You get a flexible line of credit.

 

And, of course, no annual fee, application fee or collateral is required.

 

Not only that, you can receive a decision in as little as 10 minutes. It's easy and fast. Apply today!

 

The Sallie Mae GoldOption line of credit from MBNA is also a ready source of cash you can request to use again and again whenever you need it--for almost anything at all:

 

* Non-student-loan debt+.

* Home improvements.

* Travel and vacations.

* Home entertainment.

 

What's more, as you pay down your account, you can request additional funds up to your available credit limit.++ It's up to you. For your convenience, with each additional advance, we will restart your monthly repayment term and recalculate your monthly payment amount.

 

Apply for a line of credit that fits your lifestyle perfectly. This limited-time offer ends soon.

 

Let MBNA help you secure your financial future. Apply today!

 

Or, call toll-free 800/XXX-XXXX, to speak with a representative who will review your application and provide you with a credit decision in as little as 10 minutes. [TDD users call 800/XXX-XXXX]. (Please mention priority code XXX XX XXXX.)

 

* Upon approval, MBNA will establish your credit line based on creditworthiness. Your actual credit line could be lower than $25,000.

 

** MBNA will set your initial APR between 7.99% and 19.99% based on creditworthiness. By “non-variable rates†we mean that the APR will not automatically vary with an index (such as the Prime Rate). MBNA reserves the right to change your APR, fees or other credit terms at its discretion. Repayment term and payment amount are estimates which may change if, for example: MBNA changes your APR, you make late or partial payments, MBNA assesses fees, you enroll in Credit Protection, or you take additional advances. 3% transaction fee on each advance (minimum fee $5; there is no maximum). Transaction fee is added to balance and accrues finance charges. Other fees may apply.

 

+ MBNA may prohibit use of a GoldOption account to pay off or pay down another MBNA® account.

 

++ You may request additional advances on this account. For each additional advance, MBNA will restart your monthly payment term and recalculate your monthly payment amount. Borrowing the full amount of your available credit may result in an overlimit fee because fees and finance charges may cause balance to exceed your credit limit.

 

GoldOption, MBNA, the MBNA logo and the tree symbol are service marks of MBNA America Bank, N.A.

 

© 2006 MBNA America Bank, N.A.

When you click through the apply link, they want you to have a HH income of $15,000. That's really low for *any* LOC.

 

Just wondered if anyone had applied, as I might burn the INQ for one more TL if it reports and has reasonable (my midscore is now 650ish) underwriting.

 

Thoughts..?

[Credit Matters]

Received this in my inbox:

Exclusive offer for Sallie Mae® customers!

 

 

Apply for:

 

* Up to $25,000* quickly and easily.

* Rates as low as 7.99% non-variable APR**.

* Choice of terms from 36 to 72 months.

 

Have you ever wanted to take more control of your financial future? Now you may be able to do so. Easily.

 

Sallie Mae has partnered with MBNA to offer you the opportunity to apply for a flexible, affordable line of credit that could help you consolidate your non-student-loan debt+ and possibly save you money each month. Apply today!

 

And the Sallie Mae GoldOption® line of credit from MBNA is designed for people like you who want to make your own decisions.

 

* You decide how much to apply for--up to $25,000.

 

* You pick the initial payment term--from 36 to 72 months.

 

* You get predictable monthly payments you can plan for.

 

With rates as low as 7.99% non-variable APR (Annual Percentage Rate)**, you could end up paying far less per month than you are paying now.

 

You get a flexible line of credit.

 

And, of course, no annual fee, application fee or collateral is required.

 

Not only that, you can receive a decision in as little as 10 minutes. It's easy and fast. Apply today!

 

The Sallie Mae GoldOption line of credit from MBNA is also a ready source of cash you can request to use again and again whenever you need it--for almost anything at all:

 

* Non-student-loan debt+.

* Home improvements.

* Travel and vacations.

* Home entertainment.

 

What's more, as you pay down your account, you can request additional funds up to your available credit limit.++ It's up to you. For your convenience, with each additional advance, we will restart your monthly repayment term and recalculate your monthly payment amount.

 

Apply for a line of credit that fits your lifestyle perfectly. This limited-time offer ends soon.

 

Let MBNA help you secure your financial future. Apply today!

 

Or, call toll-free 800/XXX-XXXX, to speak with a representative who will review your application and provide you with a credit decision in as little as 10 minutes. [TDD users call 800/XXX-XXXX]. (Please mention priority code XXX XX XXXX.)

 

* Upon approval, MBNA will establish your credit line based on creditworthiness. Your actual credit line could be lower than $25,000.

 

** MBNA will set your initial APR between 7.99% and 19.99% based on creditworthiness. By “non-variable rates†we mean that the APR will not automatically vary with an index (such as the Prime Rate). MBNA reserves the right to change your APR, fees or other credit terms at its discretion. Repayment term and payment amount are estimates which may change if, for example: MBNA changes your APR, you make late or partial payments, MBNA assesses fees, you enroll in Credit Protection, or you take additional advances. 3% transaction fee on each advance (minimum fee $5; there is no maximum). Transaction fee is added to balance and accrues finance charges. Other fees may apply.

 

+ MBNA may prohibit use of a GoldOption account to pay off or pay down another MBNA® account.

 

++ You may request additional advances on this account. For each additional advance, MBNA will restart your monthly payment term and recalculate your monthly payment amount. Borrowing the full amount of your available credit may result in an overlimit fee because fees and finance charges may cause balance to exceed your credit limit.

 

GoldOption, MBNA, the MBNA logo and the tree symbol are service marks of MBNA America Bank, N.A.

 

© 2006 MBNA America Bank, N.A.

When you click through the apply link, they want you to have a HH income of $15,000. That's really low for *any* LOC.

 

Just wondered if anyone had applied, as I might burn the INQ for one more TL if it reports and has reasonable (my midscore is now 650ish) underwriting.

 

Thoughts..?

 

Yo, Sticky. I have a Gold Option LOC. Got it many years ago. It was not through Sallie Mae.

 

Anyhow, I've been happy with it. Yesterday I reallocated the limit to my new MBNA WorldPoints card, so my LOC limit is now just $100. I had not been using it, so I figured it may as well tack the limit on to my new MBNA card. But when I did use it, it was convenient. You'll be hit with a 3% fee any time you access the line though. And it usually takes about 3 business days for the money to get to your bank account.

[Q]

I get this offer in the mail all the time. Never applied for it though as my EX score isn't that high. Well I don't think so as its been awhile since pulled my FICO scores.

[stickyfingers]

I get this offer in the mail all the time. Never applied for it though as my EX score isn't that high. Well I don't think so as its been awhile since pulled my FICO scores.

Mine's not that high either, but as it's a student program and they want a $15k income requirement, I was hopeful the underwriting might be a bit relaxed...(but I don't wanna be the guinea pig )

[Guest thundr101]

I got my dad a 55k line through them.... they said for anything "high" in terms of a C/L and a good APR - you need to have a 680 on both TU and EXP.... if thats true or not, I dunno... YMMV

[toopooor]

When you click through the apply link, they want you to have a HH income of $15,000. That's really low for *any* LOC.

 

Just wondered if anyone had applied, as I might burn the INQ for one more TL if it reports and has reasonable (my midscore is now 650ish) underwriting.

 

Thoughts..?

 

I suspect it's low because the target audience are students with loans to pay back. I wonder if you consolidate them to this, if they can be BK'd?

[Erica Reynolds]

How do I apply to get a loan with sallie Mae MBNA

[Erica Reynolds]

What a number I can call to apply for a loan

[breeze]

These posts are from 2006 - MBNA is no longer in business. Look for current information.

[PunisherSD]

BACK !! BACK!!! *stabs zombie thread in the brain* BACK TO HELL WITH YOU!