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A Payment A Day - Chapter 14

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  • milky1991
    milky1991 Posts: 837 Forumite
    Part of the Furniture Combo Breaker
    milky1991 wrote: »
    quick question
    The minimum payment on my chosen credit card with the AA (mbna) is around £58. This month since the last payment I have paid more than that off and the minimum payment is due today and they haven't taken it. Does this mean they won't take it by DD out of my bank as I have already paid above the minimum ?

    Just rang AA minimum payment will be taken ALWAYS even if I overpay it's going out after the 29th they say so that's that sorted :D
    As of 24th August 2016 total money owed was
    £15,708 :eek:
  • Igamogam
    Igamogam Posts: 6,028 Forumite
    Part of the Furniture 1,000 Posts Debt-free and Proud! Combo Breaker
    Regarding minimum payments - some CCs ( Tesc* and Nwide spring to mind) will reduce your DD by the amount you have overpaid except when that overpayment has been made a couple of days before DD due. I have fixed most of my DD to just above the minimum and overpayments dont affect this cos its fixed :D
    Be the change you want to see -with apologies to Gandhi :o
    In gardens, beauty is a by-product. The main business is sex and death. ~Sam Llewelyn
    'On the internet no one knows you are a cat' :) ;)
  • COOLTRIKERCHICK
    COOLTRIKERCHICK Posts: 10,510 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Igamogam wrote: »
    Regarding minimum payments - some CCs ( Tesc* and Nwide spring to mind) will reduce your DD by the amount you have overpaid except when that overpayment has been made a couple of days before DD due. I have fixed most of my DD to just above the minimum and overpayments dont affect this cos its fixed :D


    thanks for the heads up Igamogam... I have a tesc* cc which is 0% at the mo..and is only taking min amount, I know it will not be long before the interest will kick in...


    But I am trying to do the over payments on the other cards first.. I am hoping I can break the back of them, or even pay them all off by July if poss, and then start paying extra off a loan
    Work to live= not live to work
  • sashanut
    sashanut Posts: 3,252 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Mortgage-free Glee!
    Hi all :j


    Popping in to PAD £92.65 refund to cc plz Mandz1 - tkyou!!!
    New start JAN15 - NOT BUYING IT 2015 :eek:. Long haul DFW #145 : 2011 DEBTBUSTING : £5500 OD GONE, £2000 OD - GONE £93,610.30 cc & loan debt - GONE 27.6.14 FINALLY DEBT & MORTGAGE FREE :happyhear
  • Igamogam
    Igamogam Posts: 6,028 Forumite
    Part of the Furniture 1,000 Posts Debt-free and Proud! Combo Breaker
    £70 to The Debt :)
    Be the change you want to see -with apologies to Gandhi :o
    In gardens, beauty is a by-product. The main business is sex and death. ~Sam Llewelyn
    'On the internet no one knows you are a cat' :) ;)
  • mobo1980
    mobo1980 Posts: 368 Forumite
    Sixth Anniversary Combo Breaker
    Good morning padders:)

    Thanks so much everyone for the support it's lovely here feel like my life is getting more organised as well :o (got another biggie that's getting cleared next week -yay !!)

    my pad today is £2to emergency fund please to cover today and yesterday :)

    Mobo xx
    CC1-£1729.53
    CC2-£4323.00
    LOAN-£14,519.05
    TOTAL DEBT £20,571.58 :eek:
    Then there's the mortgage :o
  • milky1991
    milky1991 Posts: 837 Forumite
    Part of the Furniture Combo Breaker
    Morning

    Today I am going to pad £1
    As of 24th August 2016 total money owed was
    £15,708 :eek:
  • COOLTRIKERCHICK
    COOLTRIKERCHICK Posts: 10,510 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    my PAD payment for today is £10.00


    Going to keep an eye on it to see if they do take the min payment out,as when it give me the option for the min payment or other, the min payment amount had gone down to £2.odd???


    so Lloyds might be one of those who takes the over payments off the min payment maybe.. might give them a ring on Monday to find out exactly...
    Work to live= not live to work
  • Time_to_face_the_music
    Time_to_face_the_music Posts: 5,454 Forumite
    Debt-free and Proud! Mortgage-free Glee!
    Good morning fellow PADders :)

    Today's PAD is £3.33 to MBNA please Mandz :T
    I agree that the support here is brilliant :j
    LBM 10/1/12 ~ DFW Start 6/2/12: £82,344 ~ Now Zero
    :staradmin:starmod::staradmin Debt free 17th April 2015 :staradmin:starmod::staradmin
    Eternal thanks to the DMP & Mutual Support (no.439) and Payment a Day Threads
    Mortgage free 3rd July 2014 - Grateful thanks to the 2013/14 MFW threads
    "Debt is normal. Be weird!" Dave Ramsey
    Proud to have dealt with our debt :)
  • daydream_believer_2
    daydream_believer_2 Posts: 459 Forumite
    83p for me today please.

    Happy Saturday everyone!:j
    A Payment A Day keeps the debts at bay
     PADS 2016 = £222.57

    Frugal living challenge 2016 1129.71/3660
    = 14.86 per day/10.00 per day
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