Apr

JimmyTheWig

Kittyrules wrote: »

So say it is 1 500 and I pay 400 a month does the interest amount just keep changing per month?

Yes, £22 the first month, £16 the next month, £10 the next month, etc.

[Deleted User]

Yes. In very simple terms, interest will be 1.5% of your balance each month.

So get the balance down to £1,100 in month 2, interest will be around £16.

Kittyrules

Deleted_User wrote: »

Yes. In very simple terms, interest will be 1.5% of your balance each month.

So get the balance down to £1,100 in month 2, interest will be around £16.

Last question so the 22 interest, for some reason my computer is not letting me use the pound sign, would be added to the next months balance and so on with the 16, then 10?

[Deleted User]

Yes. The interest is added on and the payments taken off.

Once you've cleared it, you could save up for a new computer.

Kittyrules

Deleted_User wrote: »

Yes. The interest is added on and the payments taken off.

Once you've cleared it, you could save up for a new computer.

It isn't mine, it's a friends. I have a laptop at home that has all the right keys working.. I do miss it

m4rc

It's not a scary amount of interest especially if you are paying it over 3 months. Just pay the most you can afford each month, you will then get a statement showing the payment, the interest added for the month and the new balance. Repeat until cleared.

This won't be so easy if your husband doesn't share the statement with you, but to be fair if you are going to pay it you need to know what to pay. I'd also suggest you pay the money to the card company directly if things between you are not so good. If you have to pay it off and just give him the money he doesn't have to pay it all, just the minimum amounts, you may find the debt remains. However if it's his debt in his name that's his problem I guess. Just pointing it out, if you want to clear it then the easiest way is if you can see the statement and pay it directly.