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how do virgin calculate the min repayment when the 16 months is up?

any ideas?
do they charge the interest plus £25 or is it a min percentage of balance 2.5 etc?:rolleyes:


thank you xx
O/S Debt: PL £[STRIKE]15207.34[/STRIKE] £9884.55; HSBC £4060.99; Tesco£1430.15; M&S £5990.17; Virgin [STRIKE]£5158.69[/STRIKE] £4210.14; Egg £4619.00; O/S = ££30,292.42 AIM - To Be Debt Free 56 months

Comments

  • mab2000
    mab2000 Posts: 130 Forumite
    They charge you 1% of your balance plus the interest. However, if this totals less than £25, then the minimum payment will be £25.
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