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Forgotten how to understand a statement lol?
beth3735
Posts: 499 Forumite
After being on a DMP for so many years i have forgotten how they add the interest on each statement.
I have a balance and the statement says estimated interest will be £7.23.
Payment due by 28th May
They have added interest each month, for the past 6.5 yrs. so i never really take much notice.
I am going to pay the full amount off this month before the 28th of May, does this mean any of that estimated £7.23 interest will be added.
Or is the balance as it stands 100% all i owe till the 28th?
Sounds so dull, but been so long since i paid full attention to how and when they add interest.
I have a balance and the statement says estimated interest will be £7.23.
Payment due by 28th May
They have added interest each month, for the past 6.5 yrs. so i never really take much notice.
I am going to pay the full amount off this month before the 28th of May, does this mean any of that estimated £7.23 interest will be added.
Or is the balance as it stands 100% all i owe till the 28th?
Sounds so dull, but been so long since i paid full attention to how and when they add interest.
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