Discuss the 'Minimum repayments calculator'

Former_MSE_Alana

Hi folks,

This is the discussion thread for the MSE 'Minimum Repayments Calculator'.

Minimum Repayments Calculator

Please feedback on the tool in here or just discuss it between yourselves!

MSE Alana

Former_MSE_Dan

hey folks,

please let us know what you think of this if you get a chance to use it

dan

canidothis

Have just tried this out, really quite eye opening. I honestly didnt realise how much difference paying a fixed amount would make. Does anyone know what Lloyds duo airmiles cc come under?

iceage3

i say its hot ,i cant work out figures but is the barclaycard(2.25) min payment more than mbna

if this is the case why do people keep moaning about mbna

would like to see graph with figures but would take alot of space ,i have been told of whats the cost site which is good.

just checked both and works out the same roughly

skaps

Its great - it really makes you think more about making more than the minimum payment. All my debts are at 0% till April next year but it still makes me want to reduce this debt.

iceage3

like martin said dont pay min payment ,but if you are trapped then your in trouble

i have low rate with barclays and even min payment will take me 20 yrs ,but a fixed payment will take me 3 yrs.
so it pays to make bigger payments.