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Please Help
mila_2
Posts: 2 Newbie
in Credit cards
Hi, I have been looking at the credit cards that offer 5.9% for the life of the loan.
I have £13000 to transfer to one of these, but I am unsure how to work out how much the monthly payment would be if I did this, and I don't want to be paying any more than I am now.
Please help if any one knows how to do this
I would be very grateful
Thanks x
I have £13000 to transfer to one of these, but I am unsure how to work out how much the monthly payment would be if I did this, and I don't want to be paying any more than I am now.
Please help if any one knows how to do this
I would be very gratefulThanks x
0
Comments
-
It is unlikely that you would get one card with such a high limit as this.
If your credit history is very good you might be able to get a loan at around 7 or 8%
As we do not know how much you are paying now I cannot comment on your monthly payment. If you did get a card then you are looking at a minimum payment of at least 2% or £260 per month.
Some providers such as MBNA have in the past had very small minimum payments of £5 or so but I don't think they will do that for you on a LOB transfer.0
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