What is Stoozing?

dci220

Is it how much you can save by not paying high APR's and using 0% cards? - because, I am firmly in that boat... or something totally different!

Kelly
x

co123456

This should help:

1. http://en.wikipedia.org/wiki/Stoozing
2. www.stoozing.com

Took me a while to get my head round it. Take your time and realy understand the mechanics before jumping in. Free money if you have self discipline.

LongTermLurker

dci220 wrote: »

Is it how much you can save by not paying high APR's and using 0% cards? - because, I am firmly in that boat... or something totally different!

Kelly
x

Not exactly - that's just being a tart! (as most of us are, so you're in good company)

Stoozing's all about borrowing money at a low rate (hopefully 0%) and then using that money to make a profit. How you go about profiteering from your loan is up to you. The simple/safest way is to put it in an account that pays more interest than the rate you pay + any fees. Other people choose to put the money in an offset mortgage and reduce their mortgage capital, while the bravest (I sniff a rat... ) seem to be buying houses

Look at www.stoozing.com and don't bother with wikipedia's version.