 Is James Moran A Crook? Look At Moran's MBNA Loan! |
 |
 |
 |
Capitol Hill Blue Page, Updated 12/10/03
"...In 1998, Moran was $700,000 in debt and behind on payments on a dozen credit cards. Banks turned down his loan applications.
But MBNA, the largest issuer of credit cards in the world, stepped in, giving Moran a $447,500 home equity loan at a “preferred customer” low interest rate.
Moran, in return, lobbied for an MBNA-backed bill making it harder for debt-strapped individuals to walk away from loans through bankruptcy.
The loan was the largest financing package MBNA had ever given an individual up until that time and loan experts contacted by The Washington Post called the loan package 'incredible' and 'unbelievable.'"
< | >
| Related Links |
|
|
|
|
|
|
|
|
The Fine Print: The following comments
are owned by whoever posted them. ( Reply ) |