3min chapter

The Martin Lewis Podcast cover image

Mortgages: Stick or Twist?

The Martin Lewis Podcast

CHAPTER

Stoozing Back in the Old Days

Stoozing is the art of deliberately borrowing money at 0% in order to manipulate credit cards and save it. Nihal was one of the first people to popularize stoozing back in around 2000 when he was just starting out. Stoozing, I've been writing about it this week because it's back. We're not going to talk about it today because it's actually quite technical. The real question on Stoozing is how do you get the money off the credit card to be able to put it into the savings account? And you have to be financially savvy and debt free and have a good credit score to do this.

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