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Originally Posted by gary_580
I'd be interested in peoples views on this. I'd be particulary interested in the view of Paul M.
The idea is you get interest free cash from credit cards, bank it, make interest and then pay the cash back when the interest free offer expires.
Surely if you do this enough all at the same time your credit rating will plummet and potentially your mortgage lender could insist on you paying off your mortgage or reposession starts?
http://www.moneysavingexpert.com/cgi...76883546,34894 |
surely the interest you make would be less than the interest charged
