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blah, blah...
if the balance on your statement is £25 or more, your minimum payment will be whichever is the greater of :
£25; or any charges for Payment Protection Cover, interest and default charges plus £5.
so...if my balance is £5000, and my interest rate is 0%....my payment will be £25 assuming I've been good and paid previously on time and not gone over my limit and not got PPI.
If my balance is £5000 and my interest rate is over 30%, my payment would be that month's accrued interest of at least £125 plus £5....even without any extra charges....i.e a minimum of £130...this is still less than 3% of the balance outstanding.
For what I've done...I start again...And whatever pain may come ...Today this ends... I'm forgiving what I've done -AF since June 20070
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