Vanquis charges
Comments
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its 39.9%. At the moment the balance is £498.84The truth is out there... and I want to believe0
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silentkiller wrote: »its 39.9%. At the moment the balance is £498.840
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silentkiller wrote: »its 39.9%. At the moment the balance is £498.84
Minimum payment (3.5%) would be about £17 a month on that balance.
BUT, doing this would mean that if you Just paid the minimum every month
It'll take you 511 months (that's over 42 years) to pay back £500 if you only pay the required minimum of 3.50%. Over that period of time, you'll pay an additional £4,215.47 in interest.
If you could aford to pay an extra £10 a month towards your credit card debt, it would mean you'd repay it in 43 months (just over 3 years) and you'd save yourself £3,869.63 in interest. In fact, if you could aford an extra £25 a month, you'd repay it in 19 months and save £4,073.67.
Totals (paying minimum of 3.50% per month):
Original debt £500.00
Time to clear debt 511 months
Interest charged £4,215.47
Total paid £4,715.47Opinions are like bottoms - We all have one, just some stink more than others
Service Attributable Pension - War Pension - War Pensioners Unemployability Supplement - War Pensioners Invalidity Allowance - War Pensioners Comforts Allowance - War Pensioners Mobility Allowance - War Pensioners Child Allowance - Housing Benefit - Council Tax Benefit0 -
I am going to spend £50 a month on each of my credit cards (Perhaps more on the £1000 one).The truth is out there... and I want to believe0
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You need to clear these cards quicklyCan I find out my credit score?You do not have a single credit score or rating. Different organisations take different information into account when working out your credit score and may have different scores for different products. (Kindly from Experian)0
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