I really need some help to clarify this, its just confusing for me, I intend to have monthly car insurance as yearly is too much for me right now, as Im going through all sorts of jobs, but I was going to say can someone please confirm for me what does "Total payment of Credit charge £130" mean as its just confusing me? very thankful
One payment of £1950.84
Or 10 payments of £175.57
With a deposit of £325.20
Total payment of Credit charge £130.06 (APR 18.5%)
Best Answer - Chosen by Voters
Total cost of interest and any fees on what is actually a loan that are included in the total amount you will pay over the year. In other words were you to be able to pay all of it at the start it would cost £130.06 less.
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