 TITLE: What Is a No-Interest Loan? CONTENT: Are No-Interest Loans a Good Idea?\n----------------------------------\nA no-interest loan may be a good option if you are confident you can repay your balance in full by the end of the no-interest period. If you go this route, keep these tips in mind:\n*   Read all of the fine print carefully so you are aware of the interest rules and any additional fees you could face.\n*   Ask the lender any questions you may have regarding the loan and its terms before you sign the application.\n*   Make it a priority to make every payment on time and in full.\n*   Don't overspend, as the 0% interest rate is only temporary.\nAvoid no-interest loans if you're not sure whether you'll be able to pay off your loan in time to avoid interest. By taking one out when you have many high expenses in the near future, you can trap yourself in a cycle of debt.\nRemember, it's easier to stay out of debt than get out of it. Don't think you can repay your balance on time and avoid interest? You're likely better off with a traditional loan where you pay principal and interest charges from the get-go and have a set repayment period. END