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    • deejbee
    • By deejbee 1st Apr 17, 9:21 AM
    • 10 Posts
    • 1 Thanks
    deejbee
    Yes thanks very much. It makes sense the way you explained it. I'm not impressed by the way Barclays avoided the question about credit utilisation however. Still, it is a cheap loan.
    Last edited by deejbee; 01-04-2017 at 9:27 AM.
    • ceredigion
    • By ceredigion 2nd Apr 17, 7:56 PM
    • 2,293 Posts
    • 2,771 Thanks
    ceredigion
    I'm not sure if there is another more appropriate thread for this but I couldn't see one.

    Anyway, Barclays are offering to transfer up to 10K to my bank account with 6 months interest free for a charge of 1.9%. It seems like a cheap loan but I can't see how it will affect my credit credit rating (which is excellent).

    If I were to take the whole 10K which is basically the credit limit of the card when will it negatively affect my credit rating as soon as I take the offer up since my card has effectively been heavily used and won't be repaid in full for the 6 months the offer is on for (when I would repay in full)?
    thx.
    Originally posted by deejbee

    Don't think I would pay a 1.9% fee for 6 months,
    • rich_forum
    • By rich_forum 19th Aug 17, 12:55 PM
    • 1 Posts
    • 0 Thanks
    rich_forum
    The stoozing well is dry.

    Anyone got tips on how to get more credit.
    Basically the cards have started rejecting new applications and credit limit increases.

    After getting a no for the computers I've tried online chats (which I assume are real people!) but they come back with canned "responsible lending" responses.

    I have the cash (and more) in the bank to pay the full balance. But I just want more credit until the 0% expires in March 2018. I get to stooze more, they get more merchant fees.
    Or is it that they don't want to give out more cash at 0% irrespective of whether I'm good for the debt?
    • Vortigern
    • By Vortigern 20th Aug 17, 8:16 PM
    • 2,250 Posts
    • 1,459 Thanks
    Vortigern
    I have the cash (and more) in the bank to pay the full balance.
    Originally posted by rich_forum
    They don't know that you have the cash available; they look at the ratios of debt:income and utilised credit:available credit. Both ratios are too high and they think you can't afford any more debt.

    It happened to me once. I just took a break from stoozing for a while.
    • Nebulous2
    • By Nebulous2 20th Aug 17, 9:22 PM
    • 1,563 Posts
    • 950 Thanks
    Nebulous2
    The stoozing well is dry.

    Anyone got tips on how to get more credit.
    Basically the cards have started rejecting new applications and credit limit increases.
    Originally posted by rich_forum
    What do you do with old cards - do you close them?

    I have two Barclaycards with very occasional usage and 5 figure limits. They are both offering me BTs and MTs.

    Have you tried a purchase card for a slow stooze?

    I'm not looking for more, as I'm finding it harder to get a decent rate from the stooze pot I have.
    • martinjo
    • By martinjo 21st Aug 17, 9:11 AM
    • 7 Posts
    • 1 Thanks
    martinjo
    am i right, when you stooze the cash for 0% balance transfer, you still pay a fee?
    how much is that fee for different lenders?
    why stooze cash if you already have it to pay back in time?
    • mrs T
    • By mrs T 21st Aug 17, 4:44 PM
    • 982 Posts
    • 1,181 Thanks
    mrs T
    Not always, there are fee free cards out there. The point is to save the money at an interest rate that more than covers any fee so you make a profit. https://www.uswitch.com/credit-cards/credit-card-balance-transfers/ look here for example
    Last edited by mrs T; 21-08-2017 at 4:47 PM.
    • Ebe Scrooge
    • By Ebe Scrooge 10th Sep 17, 11:33 PM
    • 3,856 Posts
    • 3,236 Thanks
    Ebe Scrooge
    Ken509 reported for continentally-challenged Spam.

    ( We use £'s over here, Kenneth dear, not Dollars ).
    I may not know much about art, but I know what I like.
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