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No. of Recommendations: 6
The longer the 0% loan, the greater the risk that you miss a payment and then all the promotional terms of the loan are withdrawn and you are stuck with a high interest rate over a long period of time.

Yes for the financially unsavvy.

Who notes you may think you are good enough with your bills to never miss a payment, but life often makes other plans, so OP should ask if that is worth the risk...

It's pretty simple with a 0% loan. Take amount of loan and put cash you would have used in bank account. Set up bill pay to make monthly automatic payments. Never touch bank account for anything else.

PSU
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