We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Snowballing website help please
chinatown_2
Posts: 169 Forumite
Ive tried putting in the 4 credit card debts we have, Ive included the APRs as stated on the bill and the % of debt for the minimum payments. Ive added £180 per month to pay off these 4 bills and calculated the results.
Trouble is its paying aprox £100 off one bill but not meeting the minimum payments on the other bills. For example allowing £15-£18 on other bills when I know the minimum payment is £23 on one and £35 on another.
Am I using this tool incorrectly?
Trouble is its paying aprox £100 off one bill but not meeting the minimum payments on the other bills. For example allowing £15-£18 on other bills when I know the minimum payment is £23 on one and £35 on another.
Am I using this tool incorrectly?
0
Comments
-
Ive tried putting in the 4 credit card debts we have, Ive included the APRs as stated on the bill and the % of debt for the minimum payments. Ive added £180 per month to pay off these 4 bills and calculated the results.
Trouble is its paying aprox £100 off one bill but not meeting the minimum payments on the other bills. For example allowing £15-£18 on other bills when I know the minimum payment is £23 on one and £35 on another.
Am I using this tool incorrectly?
I think so, it still works fine for me but I've just had 4 goes at trying to make it do what you describe & haven't been able to so I can't think where youre going wrong
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards