How much on the CC ?

[GeneLovesJezebel]

If someone had paid £35 and £160 as minimum payment on their CC’s, about how much would you expect the actual amount owed to be ?

It depends what % of the balance is set as the minimum payment so if it was 5% for the £160 the amount owed would probably be £3200. If it was 2.5% then they'd owe about £6400

Depends also on the CC interest rate as the law says a minimum payment must cover all interest for the month plus a bit on the principle balance owed.

Here from money saving expert

“A typical minimum repayment will be around 1-2.5% of how much you owe (usually including any interest or charges, such as late fees) or £5-£25, whichever is higher. A lender's rule might say something like:
Greater of 1% of balance plus interest or £5.”
www.moneysavingexpert.com/credit-cards/minimum-repayments-credit-card/

are they round figures? normally the minimum payment would come out as a very random figure with pence on the end. if its a round figure they may have set up a monthy amount themselves (which could be any percentage of the amoount owed) eg DH has his set to pay £200 a month - its a lot more than what the minimum payment would be.

@BrieAndChilli

are they round figures? normally the minimum payment would come out as a very random figure with pence on the end. if its a round figure they may have set up a monthy amount themselves (which could be any percentage of the amoount owed) eg DH has his set to pay £200 a month - its a lot more than what the minimum payment would be.

Yes, I rounded it up.

Are you trying to deduce whether someone is in serious debt?

If they're only paying the minimum payment, that's certainly a worry, because it can mean they're effectively 'marking time' by paying the interest and barely anything much off the balance. It can take years to repay and cost a fortune in interest.

Although there are now 'persistent debt' rules which mean that, once you've paid so much in interest, you have to stop using the card and repay the debt.

If this is your partner, you need to encourage them to sort this out, as it can be hugely detrimental to the household finances to have money leaking away in interest like this.

Even swapping the direct debit to a constant standing order of just a few pounds a month more than they are paying now can have be enormously beneficial, paying off debt in 2-3 years that would otherwise take far longer to clear.

Just trying to work out the worst possible scenario. Not sure if those figures are minimum payments, or payment in full.
Going by previous situations I’d say minimum payment.

If it’s minimum payment I’d say it’s more likely they don’t want me knowing how much is on the card.