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Snowballing Calculator Help
chloelouise
Posts: 7 Forumite
Hi all,
When I put my overdrafts in there though what do I need to put? Because they don't have a minimum payment as such, just the interest I am paying (which is about £60 per month with the fees!).
When I put my overdrafts in there though what do I need to put? Because they don't have a minimum payment as such, just the interest I am paying (which is about £60 per month with the fees!).
0
Comments
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You need to concentrate on the debt with the highest APR first and make minimum payments to everything else. Once the highest APR debt is gone use the money you were paying to add onto the next highest and so on. The snowball calculator will work it out for you.
Denise0
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