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Interest payments are way too high!!
themaccas
Posts: 1,453 Forumite
I have been thinking of how MS we have been with our credit cards changing over to low APR's for lifetime balances - 2 x AMEX 3.9% and a Sainsburys 4.9%. Today I made £400 payment on the AMEX cards, out of that 12.5% went on interest - the monthly interest charges for the 2 cards were £49. Just seems excessive but there again so is our debt!!!!
Debtfree JUNE 2008 - Thank you MSE:T
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Wow, you must be raking it in to pay so much off each month. I was chided on another thread for being able to afford £500 a month.
Nice one.Student Loan Company Ltd: 17,805 (2.8%) Overdraft: 500 (Interest free)
Savings: £5,100 - Target by end of 2008 £5,000+
Net Worth 1/7/06: -£32,698 -- Net Worth 25/8/08: -£13,350.0
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