Simply Be APR?

flyinggiraffe_2

Hello,

Sorry if this is in the wrong place - There's a load of different forums on this site!

I've got 4K of debts (credit card/store card and O/D) and am looking at digging my way out of them.

I've read on here that paying off the one with the highest APR route is the best route to go down, but can't find the APR for my simply be account anywhere! It doesn't appear to be on any of the statements like it is on my credit card statement.

Does anyone know what this would be? Should I just assume it is the highest one and tackle this one first?

Thanks in advance for any help

pippitypop

Hi there,

I would call the companies directly to find out the APR, sometimes it's really difficult to find the rate of interest online/on statements.

I would also suggest if the APR is high and you have a fair or better credit rating to try and get a low APR balance transfer credit card to consolidate all your debts on to.

flyinggiraffe_2

Thanks for the reply - I've had a dig around on their website (i've not been on there for ages as i'm now too small for their clothes - one positive I guess) and it's a whopping 34.9% So that's the one I'll be ploughing all my additional cash into first.

I've not got a very good credit rating because of a default from 2 years ago, so can't apply for a consolidation loan/credit card at the moment which is a pain as that would make it much easier to deal with.

Mort

flyinggiraffe wrote: »

..... but can't find the APR for my simply be account anywhere! It doesn't appear to be on any of the statements like it is on my credit card statement.

Does anyone know what this would be?

I have a Jacamo (I think they are linked companies) account which quotes a representative APR of 39.9%:eek:. Which is why I don't use the credit facility:D.

flyinggiraffe_2

Really wish I hadn't used it to buy work clothes when I started a new job last year. With all the best intentions I meant to use it for 1 month until my first paycheck, then would pay it off in full, but then another bill would come along and I would only be able to make the minimum payment.

I've nosed around on here and I've got some good ideas for where I can make savings, and have alot of clothes that no longer fit that I can ebay (never used ebay before so this is an experience) which I plan to use anything I make to pay off the debts.