IN­TER­EST-FREE PE­RI­ODS

Sunday Mail - Body and Soul - - FRONT PAGE -

Most providers of­fer an in­ter­est-free pe­riod of about 55 days for pur­chases of goods or ser­vices (it doesn’t ap­ply to cash with­drawals), giv­ing you a set time to pay it off with­out any in­ter­est. If you’re not able to fully re­pay the debt within this time frame, you could be charged about 20 per cent in in­ter­est charges un­til the debt is cleared.

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