I have about £2000 on a credit card that is now out of the initial interest free period.
Obviously each monthly payment I now make has a percentage of interest so not all of the money I pay actually comes off the balance.
I am going to pay this card off in about 3 maybe 4 installments however what I wanted to check was if I make these payments of say £400-500 will all of that come off the balance. These will be one-off payments, my monthly payments will continue as normal.
Many thanks for your help.
Cheers
Obviously each monthly payment I now make has a percentage of interest so not all of the money I pay actually comes off the balance.
I am going to pay this card off in about 3 maybe 4 installments however what I wanted to check was if I make these payments of say £400-500 will all of that come off the balance. These will be one-off payments, my monthly payments will continue as normal.
Many thanks for your help.
Cheers