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A warning about MBNA (Virgin Credit Card) !

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  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    hansi wrote: »
    Oh no it doesn't...
    Well, it is the pantomime season. :D
  • MABLE
    MABLE Posts: 4,236 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    HeadInSand wrote: »
    Do you mean you have 20 cards (!) or have *had* 20 cards?

    I have 20 cards. Total credit of about £100,000. I mainly use them for stoozing purposes.
  • HeadInSand_2
    HeadInSand_2 Posts: 394 Forumite
    lol fair enough, must be almost a hobby to keep track of 0% deals/expiries etc, good on you.
  • MABLE
    MABLE Posts: 4,236 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    HeadInSand wrote: »
    lol fair enough, must be almost a hobby to keep track of 0% deals/expiries etc, good on you.

    No not a hobby but very organised.
  • HeadInSand_2
    HeadInSand_2 Posts: 394 Forumite
    Well I guessed not *really* a hobby - hence the "almost a hobby"

    I bet you like peas. *Thinks of John Major's Spitting Image puppet* :)
  • notsurewhat2doo
    notsurewhat2doo Posts: 28 Forumite
    20 credit cards and £100,000 of credit? it is people like you who got us into the economic mess we are in now.
  • chattychappy
    chattychappy Posts: 7,302 Forumite
    Agree about not signing DDs. Whoseever fault it was originally, having a DD can compound the problem when things go wrong. Not having a DD serves as a fire break.
  • arum_lily
    arum_lily Posts: 1 Newbie
    I`m not sure what `stoozing` is but presume that it`s getting new credit cards that have an interest free period & transferring balances, only paying the minimum amount for the 0% period has expired , then you go onto another credit card. Anyone who has 20 cards & owes £100,000 seriously needs to get their finances in order. It`s a very dangerous thing to do.. I used to do it on occasions but never, ever built up debt at all. I given up on that little scam now & pay my cards off every month using my cards as insurance in case I have problems with a purchase & need help from the credit card company.
  • Millie_Millsters
    Millie_Millsters Posts: 175 Forumite
    arum_lily wrote: »
    . Anyone who has 20 cards & owes £100,000 seriously needs to get their finances in order. It`s a very dangerous thing to do..

    I would agree but Mabel said £100,000 was her credit limit, she didn't say she owed that much.
    Like all religions, the Faith of the Invisible Pink Unicorn is based upon both logic and faith. We have faith that she is pink; we logically know that she is invisible because we can't see her."
  • skintdad
    skintdad Posts: 203 Forumite
    And stoozing involves having those funds invested elsewhere to earn interest. When promo rates run out then you pay the debt back in full if it can't be transferred to another deal
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