We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Today's Math Problem?

2»

Comments

  • ZeroSum
    ZeroSum Posts: 1,239 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    What's the minimum payment? 
  • If you only pay the minimum on your credit card and the rate is over 17%. If your balance is £1,000, how close to bankruptcy are you?
    What is your real question or statement/warning?  (Which continent do you identify with?)
  • Zanderman
    Zanderman Posts: 4,995 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    If you only pay the minimum on your credit card and the rate is over 17%. If your balance is £1,000, how close to bankruptcy are you?
    If you're earning and/or have assets, not at all close.
    If you've no income and less than £1000 in assets, very close.
    Not sure there's any maths in this though.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.5K Banking & Borrowing
  • 254.1K Reduce Debt & Boost Income
  • 455K Spending & Discounts
  • 246.6K Work, Benefits & Business
  • 602.9K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.