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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: yard_man who wrote (67215)5/14/2002 9:39:33 PM
From: Jdaasoc  Read Replies (1) of 99280
 
deals for no interest until 2005 ... I guess as long as the debt can be serviced
The key to these deals is that a certain percentage of people will not be ale to payoff in full when 0% interest ends. Then they can come back to you at 20%+ interest retroactively. I did a Home depot deal last year for $4K with 6 months free interest. On first months statement they put value of wavied free interest charges on bill. I paid off in full right there and then since I don't trust banks to post payments correctly in my favor with some much potential interest on the line in their favor.
Banks are never going to offer free money. Someone always pays.
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