Is today the day stoozing died?

geet wrote: »

what will happen if I don’t get the balance 7K or so in time to return 13K as I do not want to break my ISA.
...
I have spent 2K meaning that I am 2K in debt _pale_

I'm going to make two slightly different points here...
1. Don't worry too much about breaking your ISAs. I know what you're thinking, that you won't get that ISA allowance back, etc, but the amount you'd gain from keeping these will be negligible compared to what you would be paying out in interest if you don't get another 0% deal to cover the remaining balance.
Take 7K out of your ISAs and do what you can to save up (i.e. real saving, not borrowing) 2K for when the Santander deal runs out.

2. Seriously think if stoozing is for you. What would have happened if you hadn't been stoozing? Would you have still spent that second 1K? I'm thinking "no", from what you've said. Would you have paid back the 1K you would have borrowed to spend on emergencies? Maybe.
That means you are down between £1000 and £2000 due to stoozing.
The interest you've earned from stoozing might be around £1300. (I presume you haven't spent this interest!!) And you'll have paid out around £700 in fees.
So your stoozing profits (around £600) are dwarfed by what you have spent.

I would imagine that this is quite a common problem for stoozers.

JimmyTheWig wrote: »

I'm going to make two slightly different points here...
1. Don't worry too much about breaking your ISAs. I know what you're thinking, that you won't get that ISA allowance back, etc

2. So your stoozing profits (around £600) are dwarfed by what you have spent.

I would imagine that this is quite a common problem for stoozers.

Thanks JTW, yes, will break ISA - no, have not touched the interests - if I do not get another 0% - my part-time stoozing will end that day.

You are right about stooze profit being dwarfed by spending. But I am being careful now. My first plan is to bring it to a situation whereby I only ask for money to be put in ISA. I can only start from there.

But then coming back to original question of OP with 3% BT fee and ISAs offering only max 3% the starting point is not that great for me?!