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claire6hy

what exactly is a default??
im thiiick
xx

cifpower

claire6hy wrote: »

what exactly is a default??
im thiiick
xx

It is when you default on or seriously breach your credit agreement by, for example, not paying your debt back,

claire6hy

ahh ok so missed payments arent this :)
have had maybe.... 6 missed payments this year you see..... no defaults tho, one in 2005.....

darcyvuqua

i have been told by post that i have been accepted for primium bond £100 has come out of my bank however i cant work out where i find my bond numbers??? anyone know??

Sammy_Girl

Darcy, did they not send you any paperwork in the post? Surely that would have your bond numbers on

I'm really peeved with Vanquis. Got the card back in May or June and they have not increased my limit from £250 :mad: I think I will keep that card for 12 months so I have nice 12 green zeros and then I will cancel it.

Good night all x

darcyvuqua

yeah the letter had a number at the top i have entered it into the website and it keeps saying that this is not a seriel number!

louiser123

how do you work out the interest that will be due monthly on a credit card?? i have a friend who has booked a holiday on hers paid in full for holiday, 2900 pounds. she cant pay it in full but can clear it in 4 months but i have no clue how to work out what it will be i think the rate is same as mine 24.9%. is there a way to divide the apr by 12 or something??

TFD_2

louiser123 wrote: »

how do you work out the interest that will be due monthly on a credit card?? i have a friend who has booked a holiday on hers paid in full for holiday, 2900 pounds. she cant pay it in full but can clear it in 4 months but i have no clue how to work out what it will be i think the rate is same as mine 24.9%. is there a way to divide the apr by 12 or something??

It's about 2% a month - so about £60 a month on a £2900 balance, £45 3/4 of that, etc.

YorkshireBoy

louiser123 wrote: »

how do you work out the interest that will be due monthly on a credit card??

Interest is calculated daily at...

Daily closing balance x monthly rate x 12 / 365

...and will only stop accruing when you've cleared two consecutive statements in full and by their respective payment due dates.

louiser123

thanks yb and tfd,

i will show her the answer as im still a bit baffled by it all i think she aims to pay 800 a month or so to clear it off quickly but i know some is her daughter and son in laws holiday cost so they will pay it on next pay day i dont think it will be that bad a figure but she wass paniking somewhat!!