You havent even read all my replies have you. This is what I wrote to Doug, I would have assumed you had access to it- "my name isXXXXX am a chef, I don't have any other qualifications. I succumbed to an online gambling scam and now I have a 7000 dollar credit card debt. I'm in deep trouble because my partner and I have pre approval for a home loan that we will move into in 6 months. So as you can imagine things will be tight then even without having that 7000 dollar credit card debt on my back. I really really need to get that out of the way before we start paying off the home loan so I don't have to tell her about it. I'd do anything once to pay for my mistake, even if it is illegal."
Look i'm slowly resigning to the fact that I won't be able to pay it all back fast.
I'm going to consolidate my existing personal loan and credit card debt into one new personal loan at 8.24% per annum.
If you can answer this I will hit accept.
On the loan calculator tool it says that the total cost of a loan worth 28000.00 is 35297.00. Why is that? thats not 8.24%?
10% of 28000 is 2800. I don't get it.
I know the answer is obvious to you, it must have something to do with me getting charged 8% on every payment or something.
Your help would be greatly appreciated.