mobeyone
MB Enthusiast
- Joined
- Apr 23, 2005
- Messages
- 1,432
- Car
- E280 S211
Anyone have some useful advise regarding balance transfers, i.e. dos and donts?
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Current Nationwide TV ads say they remove the higher rate items first.sparkyspost said:Like all good loan sharks the balance transfers usually at a lower rate than any outstanding balance will get paid off first, allowing them to continue charging you a higher rate.
sparkyspost said:Lots of advice...
Like all good loan sharks the balance transfers usually at a lower rate than any outstanding balance will get paid off first, allowing them to continue charging you a higher rate.
Or were you after something else?
imadoofus said:Surely you can get an unsecured personal loan at less than 9%???
PJ
IanAlexander2 said:Whatever you do it quickly as the kiives are out for us "rate tarts". Card Companys simply do not like organised punters who borrow loadsamoney from them at zero %. For example, I have a stack of cards with no real debt, I just merry-go-round a lot of money which I then sit in an offset account reducing my mortgage by hundreds each month, Beneficial recently wrote to me (I had a zero balance and not used their card for some time) and advisied tjat they were reducing my limit from £15K to £500. I cut the card up and returned it to them. I suspect others will be following suit.
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