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How do mule cards work?
Hello all, I've been seeing a few mentions around here of using an MBNA card as a 'mule' to transfer a positive balance, and I was wondering what the idea is (I've done some googling and searching of the forums, but haven't turned up an explanation of the basics). I understand that the idea is to put the money-transfer…
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Advice needed
My partner has an overdraft with lloyds, currently £900 and paying £1.70 per day to be in it. What’s the best thing to do, my credit is better and more chance of getting credit to pay it off. We are paying £100 per month at the moment to pay it off so wondered should I get a 0% credit card for 12 months? I wouldn’t be able…
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Barclays as a mule
Hi All, Long time stoozer, not much of a poster :-) Current stooze pot is 30k against my offset mortgage which is now saving me 60-70 in interest each month - over 2k since this mortgage started. I haven't been using BT cards via a mule for a very long time (still missing Egg)... I've seen people do this with Virgin and…
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Paying off a credit card with another credit card for points
Hello, I currently have two credit cards with zero balances. The first is AMEX British Airways. I use this for work expenses (fuel, train tickets etc.) and pay this off monthly. I’ve just taken a second credit card out, the Halifax Clarity credit card. This card also has a zero balance, I’m yet to use it. My reason for…
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Best Solution for Next Step
Hi, looking for advice re my next step. I have a c/c - my 1st and only, almost maxed out, (£2000) all money lying in wait in bank account until 0% runs out in Dec this year. I had ideas of using the cash then replacing some each month till Dec, then paying c/c off in full, but not sure if this is the right thing to do,…
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Dorothy Perkins Store Card - Balance Transfer
Hi I was hoping someone can help! I've had a Dorothy Perkins store card for some years now, its not a Mastercard one. Its the old style one. I am paying a stupid amount of interest each month, I've tried to do a balance transfer to a 0% credit card but it wont let me. Does anyone know how I can sort this out? Thanks in…
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Hoq to quickly build up a stooze balance
Hi I heard about stoozing for a long time now but earning 1.2% savings by stoozing never appealed to me. I have a different purpose for it. I find that when I get credit card debts I tend to be highly motivated to pay it off fast. I am also more focused and work hard and do lots of side things to make more money. I was…
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Credit card help required
Hi, I owe £8763 on two credit cards, Barclaycard and MBNA. My minimum repayments are currently £135 and £45 respectively. I've had an offer from MBNA of a money transfer at a rate of 4.9%pa until April 2022. I'm considering doing a money transfer of £8763 into my current account and using those funds to 'pay off' the two…
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A little help for a newbie stoozer please
Hi all, Love reading the forums! I’d like some advice/guidance (from anyone willing to share any knowledge!) about the basics of stoozing. I have read martins step by step guide, however I’m left questioning the final step. What would you suggest would be the best step to take- repay? Or BT? And why? As I understand it you…
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dilemma, pay car with cc?
hi again all... so ive decided to pay off my car finance early in full (8,300) to save myself 1200.. however im unsure as to weather i can? or should try and spread it across my 3 cc's, effectively using that as my stooze pot. my other option is to pay it with savings(saving the 1200 and also impacting my credit score…
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Balance transfer advice
Hello fellow moneysavers, Looking for a bit of advice on preparing for some BTs in late 2018 and early 2019 when my 0% deals end, which will be my first rollover of stoozed money. I have about £15,000 to roll over, currently split across two cards close to their limits, plus another £10,000 on other cards that will run on…
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'Unable to verify' refusal on balance Transfer
Hi On MSE credit checker I was rated 100% likely to get balance transfer card. I have 999 credit score. So I clicked on the approved link and entering eligibility info it tells me they are unable to verify my approval status. Can anyone explain to me why this is and how I go about getting a good BT deal? Cheers
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Faster returns than stoozing?
Just noticed that quidco and topcashback offer cashback for applying for credit cards. Cards can pay up to £50 per successful application but average is between £20-£30 per card on quidco and topcashback. For low spenders this can be just as lucrative as stoozing away £5000 at 1% in a year. I applied for post office 30…
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Paying off the interest on Argos Store Card.
I lost my job recently and couldn't pay off the full balance as the BNPL ended on a PC I bought in-store, so now I have little money to pay off the outstanding balance. And yes I have to pay interest, which is £115 APR quid from the date of purchase. At the amount I can pay each month, it will take me about 5 months just…
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Help Please
Hi MSE Forum, please bear with me - this is my first post... I am looking for the lowest 'money transfer' cards - I can't seem to find them on the MSE site?? I usually use MBNA as I have a large credit limit with them but they want 5% to transfer the funds to my current account - are there any better deals? I know Virgin…
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transferred balances with new cards
Hi, I hope i'm in the correct place. First of all, i'm in debt of about £11,000 on 3 credit cards. 1 is £2,300 2.nd is 4,300 3rd is 4,390 Silly thing to do, but i had no choice. they started charging me interest now, as it was 0% of over 14 months. I'm new to this stuff, so i want to get 3 separate cards to make a balance…
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How to stop getting credit?
Am trying to find a way of helping a vulnerable relative resist catalogues/credit debt, compulsive spending etc We’ve tried mentoring, control over bank account , taking away stressful responsibilities, all with their permission and relief that we have saved them from disaster, but they can’t resist the compulsion to…
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0% cards most likely to accept an £8k transfer?
Hi. I would like to transfer around £8k onto a 0%, no fee card. Is this realistic? I've read that the average transfer is £1200. Also, could you let me know roughly how long applications usually take? Thanks, Sharon
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Marbles credit card
I was approved for marbles credit card last Fri and given credit limit , but now been 7 days as of today 09.03.18 ,, and I am worried why it has not arrived or pin no has not even arrived ,, How long do you usually wait
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Death and debt
