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Interest help
BBRosie
Posts: 126 Forumite
Credit card one I owe £1,690.08 with interest 19.9%
Credit card two I owe £1,449.08 with interest 15.6%
How much interest would be added if I want to pay them off within 12 months? or 18?
Confusing me
Credit card two I owe £1,449.08 with interest 15.6%
How much interest would be added if I want to pay them off within 12 months? or 18?
Confusing me
Swagbucks £190 since 25/02
One poll £11.75/£40
Qmee £1.89
One poll £11.75/£40
Qmee £1.89
0
Comments
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The interest is charged monthly not yearly, so the more you pay each month, the more the capital goes down, and the less interest you pay.Non me fac calcitrare tuum culi0
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go to the snowball calculator, it will answer all!!lbm 11/06/12 dept total 11499.470
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Assuming a minimum allowable monthly payment of 2%, £300pm, could have them paid off in 12 months, with £229 interest.
£200pm could see them off in 18 months, with £379 in interest.0
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