How Much Interest

[lankeela]

would you expect to pay them if someone offered to lend you £1000 over six months to clear pay day loans? They have offered it interest free but I would prefer to offer them a token interest payment per month but obviously no point in it being more than I would be paying.

[Buenchico]

A total 'good will' interest payment of around £100 would seem sensible to me, so perhaps £20 per month?

[lankeela]

Thanks, that sounds about what I had in mind Chris, hope they accept it as I wouId feeI better if they did.

[Prudie]

I was also going to suggest 10%, it's a good gesture from you and also a lot more than they'd get if they invested it.

[lankeela]

Thanks Prudie, good point.