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Debt- on due date or when statement arrives?

3 replies

GeorgieTheGorgeousGoat · 23/06/2018 08:01

Does it matter when in the month you pay your bills? I’m talking in terms of interest being accused. Is it best to pay the monthly payment as soon as the statement arrives or keep the money in my back account until the day before the date it’s due?

I’ve done a mix and because it’s a super high interest card, I want to save every pound I can on interest!

Thanks.

OP posts:
BarbaraofSevillle · 23/06/2018 15:21

If you're not paying off the whole balance, it's probably best to pay straight away, but if you're paying interest on a credit card, have you checked to see if you can transfer it to a 0% deal?

Look on moneysavingexpert to see what you qualify for.

GeorgieTheGorgeousGoat · 23/06/2018 16:05

Thanks but it’s a store card and it’s nearly paid off. I have about 3/4 months left So it probably isn’t worth it.

OP posts:
GeorgieTheGorgeousGoat · 23/06/2018 19:45

I am also massively overpaying. Minimum is £60 ish and I’m paying £300/month.

OP posts:
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