I'm trying to work out (roughly) how long it's going to take to pay off DH's credit card (which he doesn't actually have anymore(. We're on reduced payments for it and I'm cr*p with interest and stuff so can't figure it out.
OK - figures at moment are -
Balance £2670 (rounded up to the nearest £10)
Interest this month was £32
Minimum repayments are £70 - but most months we pay off £100.......
Anyone give me any rough estimates of how many years and months before it'll be paid off - given that the interest will gradually fall as the balance goes down????