Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are there any risks in Stoozing ?

stoozing
0
0 Posted

Are there any risks in Stoozing ?

0
0

Yes, there are lots of risks, but anyone with the right frame of mind and attention to detail can minimise or eliminate the vast majority of them. See the section Can anyone make money from Stoozing to help you decide whether you have the right frame of mind. Here is a summary of the risks. (i) You spend some of the borrowed money and can not pay it back, (ii) You damage your credit rating and can not borrow money in the future when you really need it, (iii) you forget to pay off the full amount at the end of the introductory period, (iv) you don’t know the exact date of the end of the introductory period (very easily done) so miss the date, (v) a balance transfer from another card doesn’t not pay off the balance in time and you get charged interest, (vi) a credit card application does not get approved in time, (vii) you use your Stoozing card for purchases and get charged interest (You should not use your Stooze card for purchases. This is explained later), (viii) you damage your cred

0

Yes there are. Please see our Stoozing Risks section for more details.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123