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    With regard to the 3% interest rate, is that every year or month or how does it work
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    (Original post by James_pa)
    With regard to the 3% interest rate, is that every year or month or how does it work
    It's added on monthly, currently its actually 3%+rpi so my current interest on mine is 5.5%, at one point it was 6.3% for a while. Basically of my £14k debt over 1k of it is from interest after having the debt just short of 3 years:P
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    (Original post by claireestelle)
    It's added on monthly, currently its actually 3%+rpi so my current interest on mine is 5.5%, at one point it was 6.3% for a while. Basically of my £14k debt over 1k of it is from interest after having the debt just short of 3 years:P

    EXPENSIVE :c
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    (Original post by James_pa)
    EXPENSIVE :c
    After a certain point, many peoples debt will just get wiped, so if it makes it easier try seeing it as a tax :P
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    (Original post by claireestelle)
    After a certain point, many peoples debt will just get wiped, so if it makes it easier try seeing it as a tax :P
    It's either after 30 years or when you reach 65.
 
 
 
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