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Credit Cards (Minimum Payment)
dannyfleetwood
Posts: 118 Forumite
Have a Capital One Credit Card.
Balance is £101 due to be taken on 1.7.2012.
Minimum payment is £5. If I make this payment, what am I then likely to owe on the next payment date?
Could afford to pay the full balance, but if I could make the minimum and not be affected too much by it (interest) then it would help me this month due to moving house.
Balance is £101 due to be taken on 1.7.2012.
Minimum payment is £5. If I make this payment, what am I then likely to owe on the next payment date?
Could afford to pay the full balance, but if I could make the minimum and not be affected too much by it (interest) then it would help me this month due to moving house.
TOTAL OUTSTANDING DEBTS CURRENT BALANCES: Allied International - £3359.61, Blair Oliver & Scott - £1394.65, Lloyds TSB - £211.22, Lloyds TSB - £3125.80, Wescot - £966.25
ESTIMATED CCCS DEBT FREE DATE: April 2019. I aim to be debt-free by 2014 at the latest.
ESTIMATED CCCS DEBT FREE DATE: April 2019. I aim to be debt-free by 2014 at the latest.
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Comments
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Should have estimated interest on your last statement.Mama read so much about the dangers of drinking alcohol and eating chocolate that she immediately gave up reading.0
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£2.50 interest.TOTAL OUTSTANDING DEBTS CURRENT BALANCES: Allied International - £3359.61, Blair Oliver & Scott - £1394.65, Lloyds TSB - £211.22, Lloyds TSB - £3125.80, Wescot - £966.25
ESTIMATED CCCS DEBT FREE DATE: April 2019. I aim to be debt-free by 2014 at the latest.0 -
In that case, on your next statement, your balance would be £98.50.
You need to be careful if the Capital One CC is outside of your DMP. I believe all unsecured debts are meant to be included and if they aren't it could be seen that you are giving them preference!0 -
It is a secured card. Does that matter?TOTAL OUTSTANDING DEBTS CURRENT BALANCES: Allied International - £3359.61, Blair Oliver & Scott - £1394.65, Lloyds TSB - £211.22, Lloyds TSB - £3125.80, Wescot - £966.25
ESTIMATED CCCS DEBT FREE DATE: April 2019. I aim to be debt-free by 2014 at the latest.0 -
In that case I think you're okay as secured debts can't be included in a DMP.0
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dannyfleetwood wrote: »It is a secured card. Does that matter?
Secured on what?Mama read so much about the dangers of drinking alcohol and eating chocolate that she immediately gave up reading.0 -
£49 upfront payment.TOTAL OUTSTANDING DEBTS CURRENT BALANCES: Allied International - £3359.61, Blair Oliver & Scott - £1394.65, Lloyds TSB - £211.22, Lloyds TSB - £3125.80, Wescot - £966.25
ESTIMATED CCCS DEBT FREE DATE: April 2019. I aim to be debt-free by 2014 at the latest.0
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