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Studio Minimum payment

Grey's_Anatomyfan643
Grey's_Anatomyfan643 Posts: 125 Forumite
in Credit cards
Hi,

I need some advice, I have just got my 1st statement of my Studio personal credit and it states my Minimum payment of £10.00 needs to reach my account by 5th February, but I will be making a payment this Friday, however if I wish to pay more then the Minimum amount could I? I am going to pay £15.00 or would this be not allowed?

Sorry I just to make sure as this is my first statement and I don't want to mess it up plus I don't know how these online catalogues work as I never had one before.

Any advice would be great thanks :)

Comments

  • Ben8282
    Ben8282 Posts: 4,821 Forumite
    1,000 Posts Combo Breaker Newshound!
    You can pay as much as you want. The more you pay the less interest you will pay. I am guessing that this catalog account has a very high APR so the more you pay the better.
  • Sncjw
    Sncjw Posts: 3,595 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Can you pay the whole thing off
    Mortgage free wannabe 

    Actual mortgage stating amount £75,150

    Overpayment paused to pay off cc 

    Starting balance £66,565.45

    Current balance £55,819

    Cc debt free.

  • Grey's_Anatomyfan643
    Grey's_Anatomyfan643 Posts: 125 Forumite
    Sncjw wrote: »
    Can you pay the whole thing off

    No, unfortunately not at this moment in time as I am only on Universal Credit till I get into employment.
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