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How To Borrow Money Interest Free
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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