ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel
  • »
  • Personal Finance»
  • Managing Credit Cards & Payment Options

Free Credit

Updated on December 13, 2011
Free Credit Anybody?
Free Credit Anybody?

Is there such a thing?

Free credit? if only. The idea that somebody will give us something for free, without charge, is something that I wish would happen but in reality it rarely does. But we can have free credit with some things in life. What made me think of this free credit that may be available on some things was when I was visiting the library. I get my books on free credit, although I have lost one or two over the years so they have ended up costing me money but they were given to me with free credit. As long as they were returned on time and in the same condition.

The Most Widely used Source of Free Credit

Friends and Family

One of the best sources of free credit has to be family and friends. How many times have you borrowed something of a mate with the promise of paying them back at a later date. Its rare they ask for a return or profit on what they are giving you. You usually only pay back what you borrow. We are constantly borrowing when we are younger from our parents, well I know I did. It would be very tight parents that insisted that they made a charge on what they lent their son or daughter. 

Lets have a look at some other sources of free credit

Banks

I suppose the availability of free overdrafts (if you can get one that is) can be classed as giving us free credit, they allow us an agreed amount of money to be borrowed after we reach the point of having $0.00 but it usually involves a cost in the long run.If you can get an overdraft without paying anything you are either very close to your bank manager or there has been a mistake by the clerk, but i have been given a free overdraft in the past. Many years ago i must add. The banks are not my favorite subject at the moment as I was overdrawn by a small amount recently and I ended up paying 5 times more that i was overdrawn. Ridiculous but true. So i guess this overdraft came with no "free credit"

Cars and trucks

There are a lot of free credit deals around with cars and trucks at the moment. I have seen a few deals where you don't pay a dime for the first year and then 0% interest over a fixed period of time. Its like the vehicle company are giving you a free interest free loan. Its a great way to buy a new car as you end up paying no more over the fixed term than you would do if you paid upfront for the motor. This really is free credit if you can get a 0% deal.

Sofas

These are some of the most widely available free credit deals available that i know of. The best deal I have seen was one where you bought the sofa and after a fixed 10 year period they gave you you're money back. I guess they were assuming nobody would save their proof of purchase receipt. Many people did and true to their work they did pay out. Whether or not this worked out as a good deal I don't know but it certainly gave them headline news at the time and later, 10 years in fact, when a surprising amount of people came forward and showed how well you can look after something when it really matters.

Credit report agencies

Having a free credit report seems to be one of the most widely publicised "free credit" advertisements around at the moment. I would always advise being aware of your credit score but do they really come for free. Often you can have a 30 day free trial of a credit report, but once you've seen your credit report why would you pay for it if it was given to you for free. So the term free credit report usually involves either giving them your credit card details first in the hope that you don't cancel within the "free" 30 day period or an email address, which means that you go on a mailing list that gets sold on to everybody selling everything from stocks and shares to "how to become a millionaire in 3 easy steps" This is not always the case though to be fair. There are good reputable credit firms that do offer free credit reports. If you do accept a free credit report always check whats in it for the company supplying the free report and always try to have a 3 credit score report to check all available information held on you..

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: "https://hubpages.com/privacy-policy#gdpr"

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized. (Privacy Policy)
    CloudflareThis is used to quickly and efficiently deliver files such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisements has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)