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Credit Card Repayments
phoenix_dragon
Posts: 413 Forumite
in Credit cards
Hi everyone. I'm not sure if this should be in the DFW section, but as it is about my credit card, I thought this would be the best place.
I currently have £4190.08 on my HSBC credit card, with 25.9% APR. I want to pay it off this year, and what I'm trying (unsuccessfully so far) to work out is how much I will have to pay each month to clear the card by December this year.
If anyone could help me work this out, that would be great, as I'm not fantastic with percentages.
I currently have £4190.08 on my HSBC credit card, with 25.9% APR. I want to pay it off this year, and what I'm trying (unsuccessfully so far) to work out is how much I will have to pay each month to clear the card by December this year.
If anyone could help me work this out, that would be great, as I'm not fantastic with percentages.
HSBC Credit Card £608.69, HSBC Overdraft: £4123.67, HSBC Loan: £8,270.69
Lloyds Credit Card: £1418.62, Very Account: £518.99, Barclaycard: £126
Total Debt as of 9th June 2020: £15066.66
Lloyds Credit Card: £1418.62, Very Account: £518.99, Barclaycard: £126
Total Debt as of 9th June 2020: £15066.66
0
Comments
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You would need to pay £400 per month for 12months (on a quick calc this left £1 outstanding at the end of Dec -it is just a rough calc though but would be a good estimate)A smile enriches those who receive without making poorer those who giveor "It costs nowt to be nice"0
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Why dont you use the repayment calculator tool it will do the calculation for you0
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Tixy and Teeni, thank you for your replies.
Teeni, do you mean the minimum repayment calculator, or is there another one that I haven't seen yet?HSBC Credit Card £608.69, HSBC Overdraft: £4123.67, HSBC Loan: £8,270.69
Lloyds Credit Card: £1418.62, Very Account: £518.99, Barclaycard: £126
Total Debt as of 9th June 2020: £15066.660
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