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credit card novice- have I understood everything right?
I'm considering getting a credit card but want to be absolutely sure I have understood how they work before proceeding as do not want to get stung. My bank has cleared me for one so eligibility is fine. They will assess the amount of credit I can get. Now here's where I get confused. It's 0% interest for 12 months so you…
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Arrangement to Pay....
Hi all, I'm a newbie so be gentle. :) Does anyone know if there are any general legal terms for an Arrangement to Pay? i.e. does it have to be reviewed after a certain length of time? I had a couple of AP's back in 2012, with Barclaycard and Capital One - both of these lenders agreed reduced payment and froze the interest…
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Transfer?
My ex owes me a substantial amount. He informs me that he can't pay it back in cash (unless I have a little bit each month but it will take a while to pay it!) He's suggested transferring my CC debt (which I pay back IN FULL every month) on to his 0% CC and that would take out nearly half of what he owes I'm tempted as he…
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Bank account and credit card package
Hi, I am very happy with my current bank account (HSBC prem) and have an amex platinum every day card which seems to be the best cash back card. I was wandering if anyone knew of a bank account I could put say 1k in a month with an associated credit card that would give me any better cash back and be able to be used in…
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Advice on improving credit rating whilst studying
I have just been refused a career loan from Barclays (i bank with natwest) due to my credit scoring. I only ever got one loan out (student loan) which when i can i pay off (as the legal terms state above 21k etc) I currently live in my overdraft and don't earn enough to live off, pay rent and pay off overdraft. Banks…
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Short Term Financing
Hi, So I have a question if I may please. In the next month or so I need to source £2500 for a rental deposit. Following which (subsequent month or two) I will receive back a similar amount from my previous rental deposit. What ideas do people have about short term financing to pick up the gap in financing please?…
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Stoozing - what can I pay/buy with the c/c
Have came across this "term" recently and am interested. so my question is; if I applied and received a 0% c/c what can I pay/buy with this, on reading it is everything you buy (shops/internet etc) but am more interested in the bills you can pay with it, eg house council tax, elec,gas, etc and especially a bill I have…
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Eliminating minimum payments
I have 2 stoozes running at the moment, 0% deals with Virgin and MBNA for 37 and 34 months, approx £6k each, all good. However, as we know, unless you have enough money out of your surplus cash to pay the minimum monthly payments, then the stoozed balances get gradually eaten away by the minimum payments.(in this case 1%,…
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BT to a debit card
Anybody tried putting in a debit card number when doing an online BT?
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Opus - anyone on here worked for them?
In September 2011 Opus closed my account but didn't tell me about it. I'd had a 5.9% APR for life of balance promotional rate, which they did in fairness honour after closing my account. If you work / worked at Opus, or experienced something similar, did they selectively close a lot of accounts in or around September 2011?…
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Lloyds Avios cc
I have one of the original Avios cards and do not pay a yearly fee. I have just taken advantage of their latest balance transfer for existing customers 0 percent for 18 months with a 3 percent fee. However they refund 50 percent of the fee within 30 days. Also you can transfer any balance even ones on a Halifax cc and the…
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avoiding tax via Pension.
Hello.. First post here, but i've been lurking a while. Just came across Stoozing.. interesting stuff. Anyway, I came across a calculator which shows potential rewards. It asks about tax rates. I'm guessing this is due to tax on gains via savings accounts. To avoid the tax, couldn't one just add the gains to their pension…
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Help & advice neeeded !!!
Hi all Im looking for some advice please on the following if possible: I currently have 3 credit cards with the following companies and im deperate on what to do next. Capital One £1550 balance £700 - 29%APR Aqua £1150 balance £775 -34%APR Vanquis £3000 balance £ 2800 -39%APR Do i use all available monies from the Capital…
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Beginner - Amount of Available Credit & Used Credit
Current situation: Income £30k, have a mortgage. Post Office 0% Card £4k limit, £0 used. Bank issued CC £3.5k limit, cleared in full every month, approx. £350 used each month (fuel expenses from work). Personal loan total was £7.5k, £1.3k outstanding. Have the funds to pay off immediately if necessary but haven't as the…
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Stoozing and Maximising Available Credit - Beginner
OK, here goes: I have just taken out a card for stoozing - the credit limit is way less (4k) than I know it could be. I'm earning roughly double what I was when I got my bank issued card, and the credit limit on my new card is the same. I have £1k left on a personal loan which I intend to get rid of soon, as I fear this…
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Stoozing Spreadsheet Inspirstion
Hi everyone, I'm just beginning to stooz and i really want to keep a spreadsheet to give me an overview of everything I've got going on. I wanted to ask for inspiration.So the question is really: What do you record & calculate in your spreadsheets?
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So I should be paying more than the minimum on my credit card?
Sorry third post in a row! But I've now read several times on this forum that you should be paying more than the minimum requirement on your credit card. Why is this and how much more should you be spending?
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Experienced Stoozer - credit rating sense check
Hi All, Firstly let me say I love the info and help given here on the forum! I have been stoozing successfully for a number of years, and now a lot of the offers have come to an end and I am thinking what to do next! My credit rating is now medium down from high. My real question is whether I have TOO many credit cards (…
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Incorrect MSE info
MSE web page regarding the credit reference agency that Banks use states that Bank of Ireland (Post Office) uses Equifax. Apparently they use Experian only and have done so for many years.
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Card limit of £2000 purchase of £2500 coming up
Hey everyone :) My card only has a limit of £2500 but booking a holiday of roughly £2500 how can I do it so I am only £2000 in debt on my card? Would I make the purchase first and then add the extra £500? Or would I overpay the card while I pay the original outstanding debt too?
