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Pay my minimum payment, overall debt INCREASES?!?

Peppers · 2008-07-21 12:03:24

Hi. I have a Barclaycard Initial Visa, on which I have approximately £442 debt. I have a DD set up to pay off the minimum payment each month (since I am terrible at remembering these things!). Last couple of months, I've been noticing something that has to be illegal. I'll put down some figures to help explain things a…

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thriftymomma Posts: 1,107 Forumite

22 July 2008 at 10:51PM

I would definitely cancel the payment protection, you are giving them a hundred pounds a year which would be better spend paying off your debt - that's a quarter of your debt!

Got Halifax Classic to reduce my interest rate by 5% woohoo - 10/06/08 Thanks MSE!
Another 3% shaved off 10/12/08
ANOTHER 4 % June 09:beer:
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Pay my minimum payment, overall debt INCREASES?!?

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