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How To Borrow Money Interest Free |
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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 those 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 over day or two.
By 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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