What to do next

rockyryan

hi guys, i have 800 pound on a credit card and cant really afford to pay it off in one go and paying 50pound interest a month, what the best think i can do, i dont really understand the credit card term like 0% on so and so. thanks ryan

Money_Man

rockyryan wrote: »

hi guys, i have 800 pound on a credit card and cant really afford to pay it off in one go and paying 50pound interest a month, what the best think i can do, i dont really understand the credit card term like 0% on so and so. thanks ryan

Keep paying it down as much as you can each month, not sure I follow the rest of your post but 0% credit card refers to the promotional period on the account, different companies offer different deals, i.e some on cash purchases and some of retail or a mix of both

rockyryan

I was wondering if I could get another credit card from I different lender and transfer the balance over and have no interest on it

YorkshireBoy

rockyryan wrote: »

i have 800 pound on a credit card ...and paying 50pound interest a month

That has to be a record...I make it way over 100% APR.

Unless perhaps you're mistaken?


* EDIT: 106.99% APR...A mistake surely?

sistafromanothermista

YorkshireBoy wrote: »

That has to be a record...I make it way over 100% APR.

Unless perhaps you're mistaken?


* EDIT: 106.99% APR...A mistake surely?

mistaken or trolling...one or 'tother