CC Rates, better layout.

david_hellier

Credit Card Rates and Time taken to
Payoff £1000*

Monthly% APR% Time
1 12.68 22y 6m
1.1 14.03 23y 9m
1.2 15.38 25y 1m
1.3 16.76 26y 7m
1.4 18.15 28y 3m
1.5 19.56 30y 2m
1.6 20.98 32y 4m
1.7 22.42 34y 10m
1.8 23.87 37y 9m
1.9 25.34 41y 2m
2 26.82 45y 4m
2.1 28.32 50y 4m
2.2 29.84 56y 8m
2.3 31.37 64y 9m
2.4 32.92 75y 7m
2.5 34.48 90y 9m
2.6 36.07 113y 6m
2.7 37.67 151y 4m
2.8 39.29 227y 2m
2.9 40.92 454y 6m

*Assumes minimum payment of 3% per month

pudding06

Gosh - thanks dave - thats fantastic - I do hope no-ones got hte bottom one though at 454 years 6 mths for £1000 of debt.

It really does just show you how bad this really is becasue 2.9% per month doesnt sound that bad until you see it in balck and white.
edit

1.2 15.38 35y 1m

should this be 25 yrs 1 month?

pudding

david_hellier

Pudding well spotted, corrected!

kevster1009

pudding06 wrote:

Gosh - thanks dave - thats fantastic - I do hope no-ones got hte bottom one though at 454 years 6 mths for £1000 of debt.

It really does just show you how bad this really is becasue 2.9% per month doesnt sound that bad until you see it in balck and white.
edit
should this be 25 yrs 1 month?

pudding

Must be a Capital One Rate