credit and debt
getting out of debt the British way
On 29th December 2006 the United Kingdom of Great Britain and Northern Ireland made her final repayments on loans from the United States of America and from Canada taken out in 1945. The loans were incurred, not as a direct result of paying for the second world war, but in contrast to the American and [...]
additional income: stoozing, or credit card arbitrage
what exactly is stoozing?
Its the practice of borrowing money for free from credit card companies, and then putting it into savings accounts in order to collect the interest. Its also known as credit card arbitrage, and there have been aficionados for some time. According to some the word ’stoozing’ is derived from an early exponent [...]
bankrupt?
I was listening to the radio this morning and one of the news announcements was that the number of bankruptcies in the UK has reached record levels.
What should be your first moves after bankruptcy to restart your financial future?
Firstly, understand the limitations that being bankrupt has placed on you. For the time that you are [...]
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