On Watchdog, Martin mentioned borrowing at 0% and sticking it in a savings account

robii1

On Watchdog, Martin mentioned borrowing at 0% and sticking it in a savings account at 5% and making a few hundred pounds a year.

So who's lending money at 0%? I know a lot of credit cards do 0%, but don't they charge interest on cash withdrawls?

tomstickland

Stoozing board is where you want to go. Also read https://www.stoozing.com

MSE_Martin

Read the full updated article in the credit card section which explains how to do it

martin

CheeseOnToast

Saw you on the old trampoline today Martin - very good show but sometimes I get the feeling the people aren't actually going to take your advice and help fully on board...

MSE_Martin

Well CoT. Thats ok. I dont believe in forcing people, you can only give them the tools..... for me the programme is about showing people what to do not doing it for them, thats why i make them make the calls. I wont be there next year or the year after etc

Edna_Bucket_2

What we really want to know is if Amex will be re-writing their T&Cs even as I pen this post?

CheeseOnToast

MSE_Martin wrote:

Well CoT. Thats ok. I dont believe in forcing people, you can only give them the tools..... for me the programme is about showing people what to do not doing it for them, thats why i make them make the calls. I wont be there next year or the year after etc

Agreed, horse and water n all that

[Deleted User]

I work with someone who is the PERFECT customer for credit card companies. He never pays off his cards or store cards in full each month, usually pay minimum payments, sometimes late as well. He admits he is too lazy to transfer to 0% deals or even set up DDs to stop late payment penalties.

He's completely lax about all his finances and very open about it -although to my knowledge he's not in any financial difficulty.

He's just one of the people card and loan companies LOVE.