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Min repayment v standing order

Spriguns
Spriguns Posts: 5 Forumite
in Credit cards
Is there a calculator to work out the repayment time on a credit card that has a fixed monthly rate as opposed to a min payment.

I have a credit card with HSBC with a balance of £4000, my min payment is £98.06, and using the calculator on this site it would take 44 years :mad:

So I have set up a standing order for £100 per month, anyone care to tell me the good news, like how long to pay it off and how much i will save ;)

Cheers

Spriguns
There are 10 types of people on the world.
Those that understand the binary system.
and those that dont.........:beer:

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