Revolving Credit loan interest

[genelock]

Does anybody know how interest is calculated from month to month?

I would like to work out how long it will take me to pay off the loan if I make additional payments in the month

This loan is from the devil, I'm not getting rid of it. endless loop this thing

 

[SydneyMulweri]

Does anybody know how interest is calculated from month to month?

I would like to work out how long it will take me to pay off the loan if I make additional payments in the month

This loan is from the devil, I'm not getting rid of it. endless loop this thing

The best way to deal with a loan is to pay a lot of money, mord than what a bank/provider instructed you to pay, pay double you will save a lot. The more you pay the lesser the interests.

 

[cyberbob1979]

Consider getting an overdraft if you don't have one already - and pay off or squish as much of the loan as you can.

For me, it meant an Interest Rate from 21.5% to 10.5%