How To Borrow Money Interest Free
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Based Business Ideas Part 5
There are a number of ways to borrow money
interest-free if you take the time to operate the methods. However,
one of the simplest ways is to borrow it from a bank which offers
overdraft protection. You’ve seen these offers by banks
which extend to you a loan for the amount you overdraw your checking
account. By setting up two or more (and the credit limits can
go up to $5000 each) you can write yourself a loan from one bank,
cover the loan with a deposit from another bank where you have
overdraft checking, and then repeat the process every day or two
covering each withdrawal with another deposit, you will not be
charged interest since it would take two or three days for the
records to catch up - by that time, you’ve made another
deposit which covered the original loan. Operated thusly, you
can keep the money interest free for quite some time.
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