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
Credit cards - Minimum payment adn interest
Smay
Posts: 1 Newbie
in Credit cards
Hi
I currently have a credit card which has just doubled its interest rate!!
Each month on the 27th pay the minimum payment of £88.00 by Direct Debit. I did this in September and the account was no overdrawn. On the 1/q10 they cahrged me £130 interest which caused the account to go over drawn and they charged me a fee. Should the interest not have been included within the Direct Debit?
I currently have a credit card which has just doubled its interest rate!!
Each month on the 27th pay the minimum payment of £88.00 by Direct Debit. I did this in September and the account was no overdrawn. On the 1/q10 they cahrged me £130 interest which caused the account to go over drawn and they charged me a fee. Should the interest not have been included within the Direct Debit?
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603.1K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards