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Adverse credit homeowner loans - braving the difficult winds of adverse credit.
When my wife was enquiring me about the progress of the
homeowner loan that we were planning to take, my six year old
said something that put me to deep thought. The subject was the
constant refusals by a large number of loan providers because...
Bad Credit Payday or Cash Advance Loans - No Credit Check Required
If you are in need of extra cash until pay day, you may want to consider applying for a pay day or check loan online. A pay day loan can be obtained online and with no credit check. Bad credit will not disqualify you from qualifying for a pay day...
Build Your Credit with Caution
Building credit can be a very exciting thing. Avenues of great
opportunities are available if you do it right. It is important
to avoid scammers that claim to offer you a debt solution in
little or no time at all. Many scammers on the market...
Home Equity Line of Credit – Great for Remodeling Projects
Many homeowners are lucky enough to find a house that represents exactly what they want in a home. They buy it, make the payments on it, and live more or less happily ever after. Others are not so fortunate. Some buyers who live in a pricey market...
The Downward Spiral of Credit
How do you avoid getting further and further into debt? Credit cards can suck you in without you really realizing it - everyone needs one, and they are great in emergencies. But often people gradually let themselves get into more and more debt,...
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Stoozing Can Reduce Interest Paid On Credit Cards
Stoozing can reduce interest paid on credit cards. Many credit
card companies offer special introductory interest rate offers
in an attempt to win customers. This is like a loss leader in a
shop - they tempt you to use their credit cards with a low
interest rate, and then increase the APR when you owe them
money. Stoozers use these special 0% and low interest rate
offers to reduce the amount of interest paid over time. Many
credit card customers in the UK have high balances on which they
pay high interest rates. Normal interest rates on credit cards
are higher than mortgages and loans - it would not be unusual to
save thousands of pounds per year by stoozing. A stoozer will
take advantage of introductory rates
by applying for a credit
card with 0% apr and transferring their existing credit card
balance to it. After six or nine months (or whenever the free
balance transfer period ends) they will apply for a new credit
card and begin the interest free period again. This can continue
until the debt is repaid, saving hundreds of pounds in interest.
Some people who stooze do not have debts. They put the money
into a high interest savings account (such as an ISA) instead.
In this way the stoozer will actually earn interest.
About the author:
Find out more about the advantages and potential pitfalls of stoozing credit cards at stooze.com
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