I have a massive debt with Next Directory

[AnotherAppleThief]

I owe slightly under £3000 and it's the only debt I have, it's up to date and no defaults etc.

I'd like to clear it this year. For starters I've stopped using it now and I have around £300 to throw at it each month. I can't get other credit to balance transfer.

My question- do you know how the interest is worked out? Can I pay odds and ends throughout the month when I have it (self employed so pay day is fluid) or should I save it and do one big payment on the due date?

Thanks

I pay bits throughout the month.

I'd pay it off in bits if it stops you spending the money elsewhere

As long as your meeting your minimum by the date it doesn’t matter how you pay it.

I need to do this too and then somehow stop myself wracking it up again!

It's the second time I've found myself owing just under a grand to Next (no other debt or credit cards either)
I blitzed it the last time but it's crept up again, I'm so annoyed at myself but it's so easily done 😏

Thanks for posting this, it's given me the reminder / kick up the bum to do something about it 💐

zendesk.next.co.uk/hc/en-gb/articles/4407643881361-Interest-Charge-Explanation

This is me too. I've just added an extra payment in this morning . I have no intention of stopping ordering from them - at least with Next if something is no good, then returns are easy . I have wasted a lot of money over the last couple of years when I've ordered from other online retailers and not got round to sending things back within their timescales .

I think with Next you have to beware of ordering too much stuff just to try for styles and sizes as I think they put interest on while you have items - even if you later send them back . I'm going to try to make an additional payment for every thing I buy now straight away to stop the debt going up .

Could you get a 0% credit card transfer? I have done that before to pay off Next directory. At least you wouldn't be paying interest, so it would clear quicker. There will probably be a small transfer fee though.

I think you and the rest of the world tbh .. I work there and the way people use it as a hobby is madness !
I would cancel it to stay with and speak to customer services to find out about interest etc .

I'd be very tempted to write and ask for the interest charge to be frozen or reduced to enable you to clear it.

Yes send payment as soon as you have anything spare, interest is calculated all the time so every penny reduced helps.