Impact of Stoozing on my credit file/credit worthiness?

No_6

Also another one that only pays the min required per month
and never had any problems with getting another card or limits,
when required !
But same as YB have been doing this for YEARS
I always close the cards when deals end.

Nebulous2

I've had over my salary in credit limits for years, at times close to twice my salary. I very rarely close cards, but after joining here and reading a bit more I made an effort and closed some. My limits were gradually creeping up again as I opened more. I've also gone from one current account to four in the last three years or so.

Anyway I've convinced myself that interest rates are going to rise and credit at the moment is about as cheap as it is going to be, so I've gone on a cash-raising spree to stooze. I reckon there is very little downside. About the worst scenario is that I don't make very much from it.

I've borrowed £35k, mostly on money transfer cards in the last 6 weeks or so. I'm now maxing out all the regular savers and interest bearing bank accounts I can.

I've just had an update from both noddle and clearscore and strangely it hasn't made any difference. They've only really caught up on £12k on a MT and the other searches, so the full impact hasn't been felt yet, but the mythical number doesn't seem to mind to date.

I'm now well over twice my salary in credit limits, with total debt close to my salary and utilisation of under 50% so it will be interesting to see how it pans out over the next few months.

pramod15

Pretty much the same as YB. On your credit file under each credit card it will show that the card is on a promotional deal so minimum payments shouldn’t make any difference. Your credit history will only suffer a temporary ‘hit’ so to speak for 6 months or so whilst the repayment schedule and your management of each new account is showing and then shouldn’t make any real difference when it comes to applying for a new deal(s) in future.