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Calculating monthly payments please help
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Debt_buster
Posts: 9 Forumite
in Loans
Hi Im not sure if this is the right place to ask.
I have some catalogue accounts but they have not been very helpful when I have asked them. Some of the items on the accounts were purchased by a family member, I have been trying to work out their monthly payments with the interest added, but Im finding it very difficult.
How do I do this? Is there a calculator that will help me with this?
I have some catalogue accounts but they have not been very helpful when I have asked them. Some of the items on the accounts were purchased by a family member, I have been trying to work out their monthly payments with the interest added, but Im finding it very difficult.
How do I do this? Is there a calculator that will help me with this?
0
Comments
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Your credit agreement will tell you how minimum payments are calculated.
If you want to pay more than that, then you can and less interest will be applied as a result.
But you'll need to know how much they owe, how much they intend to repay, over what period and what interest rate will be applied.0
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