Comment on What would happen if you maxxed out your credit cards and line of credit then moved to some village in the phillipines?

speculate7383@lemmy.today ⁨2⁩ ⁨months⁩ ago

Yeah, this has been a known thing in the credit world for years-- they call it bust out fraud. These days they have computer statistical models watching for stuff like this, and will likely shut you down before you get to your limit.

transunion.com/…/how-to-prevent-bust-out-fraud

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