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how long will i be in debt for?

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sparkle24 | 19:03 Thu 30th Aug 2007 | Personal Finance
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i have debts froma loan tat amount to around �3500 (including interest) how long will it be before this debt is wiped clean?
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I depends on how much you repay and how often, surely. Or is this a trick question?

You could pay 1 lump sum and be debt free in less than a week, or pay the minimum amount and be paying it for the next ten years.

Or are you not planning to pay anything at all?
.....................in which case you'd be in debt forever.
It MUST be a trick question.
I'm glad it's not just me that thinks so! Cheers buildersmate!
Can you supply interest rates and how much you intend to pay and the frequency. Eg �100 per month 16.9%. Then we have something to work on. At the moment it's a bit vague!

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