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How to work out your Debt Free Date

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  • Hi again - yes it is that simple :p
    On my statement my monthly interest rate is 1.24%. Multiply this by 12 = 14.88. The actual apr on that card is 14.9%, so it's as near as damn it!
    Have fun working them out.:D
    DMP starts June 2012, £38,180.

    Balance June 2015 £26,046 (paid off 32%)

    DMP mutual support thread no 434
  • isitenough
    isitenough Posts: 5,593 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Thanks savvykaz - although not sure how much fun it's going to be! Kids are away at grandparents for a few days, so can check things more clearly without them getting in the way!
    Thank you to everyone who posts comps! :A
    I would like to be lucky,healthy & happy in 2020! :T
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