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Stoozing?
vyvyan_2
Posts: 653 Forumite
A quick question for a newcomer to this site. I keep reading stuff about stoozing - what is it?
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Its when you borrow money at 0% (on a credit card or overdraft normally) and then put it in a savings account to earn interest. Its only for those with decent credit ratings but if you can afford to borrow many thousands at 0% then there is some money to be made. Obviously a 0% credit card will require minimum payments but these can be made from savings. Personally I stooze my £1000 0% student overdraft, doesn't make me huge sums but feels good to get every penny that I can out of the nasty banks
There's probably more info on the credit card boards.Don't stress, relax, let life roll off your backs. Except for death and paying taxes, everything in life is only for now... Avenue QOfficial DFW Nerd Club - Member no. 003
Proud to have become debt free... and striving to keep it that way
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Thanks for your help!0
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No prob
Don't stress, relax, let life roll off your backs. Except for death and paying taxes, everything in life is only for now... Avenue QOfficial DFW Nerd Club - Member no. 003Proud to have become debt free... and striving to keep it that way
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