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Help!!!!! Advice needed Urgently!!!!
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Rule 1: Make sure you are cured of any ability to run up new debt if you do this.
Rule 2: Don't borrow a penny more than you already owe. Even if Barclays would let you.
Rule 3: Throw every spare penny at reducing the debt.0 -
Annual interest on £4000 at 6.9% = £4000 x 6.9 / 100 = £276.I saw you worked out how much interest I'd be paying a month and what not, can you show me the calculations
That's for a year, so for a month £276 / 12 =- £23.
To start with - reduces as the balance goes down."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
I did that calculation myself and thought maybe I did it wrong! Thank you!! xo0
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