this post was submitted on 13 Jul 2025
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Take out a huge loan (cdn.imgchest.com)
submitted 1 week ago* (last edited 1 week ago) by [email protected] to c/[email protected]
 
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[–] [email protected] 55 points 1 week ago* (last edited 1 week ago) (3 children)

> Open 2 bank accounts
> Get 2 credit cards
> Use 1 cc to pay the bill of the other cc
> repeat until credit score is big and cc limit is thru the roof
> go on spending spree
> 2 months of everything free
> flee to country that won't deport you as criminal

[–] [email protected] 24 points 1 week ago (3 children)

As someone who games banks as best I can this would absolutely not work.

[–] [email protected] 6 points 1 week ago (1 children)
[–] [email protected] 9 points 1 week ago

Ah, yes, let's go with that.

[–] [email protected] 4 points 1 week ago

Not anymore at least

[–] [email protected] 4 points 1 week ago

Share your wisdom on how you would best take out a loan before suicide

[–] [email protected] 19 points 1 week ago

Credit cards caught on to this around 2010 or so. That’s why balance transfers always have a fee now. You could do this with either balance transfers or cash advances, both of which have fees now. So you’ll end up increasing the balance by 3% each month.

[–] [email protected] 10 points 1 week ago

My grandparents did this for decades with 20+ cards. Yes it's illegal to do this.