Stoozing

altyfc · Joined: 29 Dec 2004 Posts: 1232 Location: Aardvarkland

Has anyone here ever tried this?

I imagine you can do quite well from it, but personally I would worry about being caught out with deadlines...
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iFinancialAdviser · Site Admin Joined: 28 Dec 2004 Posts: 1699

... this http://www.stoozing.com/ ?
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altyfc · Joined: 29 Dec 2004 Posts: 1232 Location: Aardvarkland

Yes, that's it. Basically taking advantage of cards that offer 0% borrowing for a fixed period of time.
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iFinancialAdviser · Site Admin Joined: 28 Dec 2004 Posts: 1699

Call me old fashion or conservative or whatever you'd like. I'm just not too crazy about using credit cards more than necessary. I'd really like to use credit cards when I need to.
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altyfc · Joined: 29 Dec 2004 Posts: 1232 Location: Aardvarkland

It's not really about spending money that you don't need to. It's about transferring any debts that you happen to have on your cards, from one credit card company to another.

So, instead of paying off the card, you transfer the debt to somewhere that is interest free, and the money that you would spent to pay off the debt is instead kept in a high interest account.
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Slipperman · Joined: 06 Apr 2007 Posts: 28

I really like the sound of stoozing, I'm going to give it a try.
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