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5 Signs It Is Time To Start Paying Off Debts

25th January 2025

Paying off debt is a hot topic, but for many, it is one that gets put off as it is “just not the right time yet”.

However, debt repayment is critical to financial freedom and, let’s face it, less stress – so you might want to start thinking about paying off what you owe sooner rather than later.

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WARNING: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

How much would you like to borrow:

£200
£750
How long would you like it for?
3 months
6 months

Your monthly repayments are:

1
£
2
£
3
£
4
£
5
£
6
£
Total amount to be repaid:
£  
Annual percentage rate:
  % APR

Representative Example: £200 loan for 6 months at a fixed interest rate of 290% pa. Total amount payable is £355.99 in monthly instalments of £65.11, £78.35, £64.05, £58.76, £48.16 and £41.56. This is based on the amount of credit plus interest, no other fees apply. Representative 1266.2% APR


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