Hi all,
Got my halifax bill. Balance was €2425.00 Min payment requested was €72.75. Paid minimum and was waiting on a refund from revenue to pay balance which did not come before due date. New bill came showing interest of €38.99. (1.0534% per month - 13.4% apr) .
Can someone explain how this figure is calculated.
Thanks,
A.
Got my halifax bill. Balance was €2425.00 Min payment requested was €72.75. Paid minimum and was waiting on a refund from revenue to pay balance which did not come before due date. New bill came showing interest of €38.99. (1.0534% per month - 13.4% apr) .
Can someone explain how this figure is calculated.
Thanks,
A.