Sooty
Banned
Registered: 9th Mar 03
Location: FLAP CENTRAL
User status: Offline
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Nothing wrong with credit cards IMO... i have 2... one with a 6 and a half grand limit... never go anywhere near 1000 though and it gets cleared every month without fail... good for building credit score, plus i get some good deals on travel insurance etc and, god forbid something really bad happened, like I was away from home and the car had an episode down south or something..
oh and it comes in handy when wankered in the local casino
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JadeM
Premium Member
Registered: 9th Feb 06
User status: Offline
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I had one, never used it in 3 years so cut it up 
I prefer to only buy things if I have the money for it, if I dont then I dont get simple as that.
People say its fine so long as you can pay it back at the end of the month when your paid blahda blahda....but then your becoming depandant on your income too much & what happens if you need that for something else!! Its pretty scary how much debt people can accumulate in a short time just by going mental at the shops / on their cars!! I save then use switch.....pay it all off & I can say its mine 
[Edited on 26-09-2006 by JadeM]
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Demo
Member
Registered: 27th Sep 01
Location: south wales Drives: astra sri ecoflex
User status: Offline
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credit card = free money 
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Sooty
Banned
Registered: 9th Mar 03
Location: FLAP CENTRAL
User status: Offline
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quote:
Originally posted by Demo
credit card = free money
quite the oposite actually 
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JadeM
Premium Member
Registered: 9th Feb 06
User status: Offline
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quote:
Originally posted by Demo
credit card = free money
Yes for the bank
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--Dave--
Banned
Registered: 17th Feb 04
Location: Essssseeeeex Drives: Black Supra TT
User status: Offline
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you can actually get free money from credit cards... it's called 'Stoozing'
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Sooty
Banned
Registered: 9th Mar 03
Location: FLAP CENTRAL
User status: Offline
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Sooty
Banned
Registered: 9th Mar 03
Location: FLAP CENTRAL
User status: Offline
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bye folks hometime 
[Edited on 26-09-2006 by Sooty]
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--Dave--
Banned
Registered: 17th Feb 04
Location: Essssseeeeex Drives: Black Supra TT
User status: Offline
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what you laughing at Sooty?
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JadeM
Premium Member
Registered: 9th Feb 06
User status: Offline
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Dave care to fill us in as to how one would stooz??? 
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--Dave--
Banned
Registered: 17th Feb 04
Location: Essssseeeeex Drives: Black Supra TT
User status: Offline
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in its simplest form, open up a high interest savings account or perhaps an ISA. (anything with higher returns in interest).
Take out a new credit card offering 0% interest for 6 or 9 months (Capital are offering 0% until Jan 2008). Do a cash transfer from your credit card to your savings account. Before your interest free period runs out take out another card.
Pay off the balance of the outstanding card so you don't incur any interest charges.
Rinse and repeat.
I've never done it, nor would I recommend it to be honest, seems like a lot of hassle for not a lot of gain.
See here for more info...
http://www.stoozing.com/full.htm
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Demo
Member
Registered: 27th Sep 01
Location: south wales Drives: astra sri ecoflex
User status: Offline
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stoozing sounds like some dodgy sexual act that oliver and 3cm take part in
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Rob H
Member
Registered: 28th Oct 00
Location: Staffordshire Drives: Astra SRi
User status: Offline
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quote:
Originally posted by --Dave--
in its simplest form, open up a high interest savings account or perhaps an ISA. (anything with higher returns in interest).
Take out a new credit card offering 0% interest for 6 or 9 months (Capital are offering 0% until Jan 2008). Do a cash transfer from your credit card to your savings account. Before your interest free period runs out take out another card.
Pay off the balance of the outstanding card so you don't incur any interest charges.
Rinse and repeat.
I've never done it, nor would I recommend it to be honest, seems like a lot of hassle for not a lot of gain.
See here for more info...
http://www.stoozing.com/full.htm
Quite easy to do really, but you get next to nothing for doing it. If you managed to blag £2k interest free for 12 months, you'd only make about £80
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SVM 286
Member
Registered: 13th Feb 05
Location: pain
User status: Offline
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quote:
Originally posted by Jambo
Good and bad.
How old are you? They are worth it and have merits, but if mis treated can be very, very bad.
Tell me about it Jambonelli. 
That said, they can be complete lifesavers. If I hadn't had an empty credit card in June, I couldn't have paid my fine or covered the cost of my car insurance.
It's gonna take me about two years to pay it all off though. 
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craig_brux
Member
Registered: 5th Jan 06
User status: Offline
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if you can afford to pay your credit card off at the end of the month. Then why not wait until the end of the month in the first place?
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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^^ Moral of the story really!
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