How much a month would i pay?

ajbrynoffa

On a £2300 purchase on my barclaycard at 17.9%?I want to pay it off in two years.

[Deleted User]

cant you get a new cc with 16 months(maybe more)interest free?that would save you some serious money

YorkshireBoy

See the example for £1,000 at 17.9% APR on the Barclaycard site...

http://www.barclaycard.co.uk/cs/Satellite?c=Product_C&cid=1306413446106&pagename=BarclaycardPersonal%2FProduct_C%2FBCPCreditCardSummaryBox

...where the debt is repaid in 2 years 1 month if you pay £50 per month.

You're borrowing 2.3 times the figure in that example, so you need to pay £115 (2.3 x £50) per month to clear it in the same timescale.


EDIT: Whoops...that example includes the 3 months 0% introductory period, so let's say around £125 per month.

Gromitt

£120 per month for 2 years would pay off the balance.

It'll cost you approximately £400 in interest.

If your credit report is good enough to BT, then you could save that £400. Even if you had a fee of 3.5%, thats only ~£80.

BugsyBrowne

Although 17.9% is not mighty high it's still worth throwing every bit of spare cash You have At it even an extra £5 a week can take 3 months off it and save a few quid in interest.