Sorry about that. In my last post, I inadvertently said that MBNA "wishes very much to have defaults on its books."

Obviously, the exact opposite is true, that the company wishes very much NOT to carry defaults on its books, and will do everything possible (including lowering your interest rate to a net loss for the company) in order to avoid a default, as that will cost them even more.

Sorry for the confusion. Please let us know how you make out.