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Bit confused with CC bill

Hi,

Just after some advice in regards to the above, please.

My oh and I decided to put our CC debt (2 cards £8k) on to our mortgage because we were struggling to keep up with the minimal payments.

Everything went through and I paid off both cards. When the next statements came through, one said £0.00 owed and the other said £1.14. Both were paid on time but I don't understand where this £1.14 comes from. I thought if you paid a CC in full, you don't have to pay any further interest.

thanks in advance
Caz

Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    as almac says
    ..in practice therefore you need to pay in full for two consecutive months before the interest becomes zero.
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