How to Borrow $10,000 at 0% Interest

- Author Unknown

This is a method commonly used by the rich and wealthy to borrow large sums of capital for short or long term investments. The average consumer can benefit from these secrets despite their economic status.

The first key to doing this is by building a solid payment history. This means, and this is contrary to what you may have heard before, you never want to pay your credit card bills off in full every month. You should always carry a balance on your accounts and maintain a debt to credit ratio of 10% to 25%. This means that if your card carries a limit of $500, you will want to have a balance of between $50 and $125.

Here's a couple of reasons why. Banks make money from interest. If you don't carry a balance, they don't make money. Your debt to credit ratio would be 0, which means that you're not using enough credit.

Second, by carrying a balance you are establishing a payment history and by paying each month you are demonstrating responsibility. Building a solid payment history and maintaining the correct debt to credit ratio are two extremely important score building keys.

Another would be your high credit limit. For example, you started with a $500 credit card. After a few months you get approved for a card with a $1,000 limit. You now have a total of $1,500 as your high credit limit. The higher your high credit limit gets, the more credit worthy you appear and your credit score will reflect that.

Once you manage to get your credit score around 700 while still maintaining a 10% to 25% debt to credit ratio, you can move to step 2, the pre screen payment strategy.

Lets say that you have a total of three credit cards, each with a $1,000 limit and you have an additional card with a limit of $2,500. You have been showing a payment history on all your accounts for 12 to 24 months, but now its time to switch gears, by paying all your lower limit cards in full, bringing the balances down to zero.

Paying off these accounts will cause a dramatic shift in your credit report. In 30 - 45 days, you will begin receiving balance transfer offers from other credit card companies and you will rceive balance transfer checks from the cards that you are carrying with the zero balance trying to get your business back. It is not uncommon that these balance transfers will be pre-approved and interest free for 6 - 12 months.

By floating these balance transfers from one to another, you can borrow money at 0% for as long as you desire. Money can be routinely leveraged this way to invest in business opportunities, real estate and other investments.

This is why I say that credit cards are a very useful financial tool. Credit cards are not bad or evil. They are extremely valuable and can change your life, one way or the other. Use these techniques and strategies wisely and you will be wealthy. These are the same methods that have made people a great deal of money.

This is the way that you should be using your credit cards, to help you make money, not to bury you in debt.