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Old 04-12-2007, 01:23 PM  
AaronM
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Quote:
Originally Posted by luv$ View Post
I know this old trick, not sure if it applies still and have never tried it:

Go to one bank and get a secured loan for $400-500

Go to another and get a secured loan for the ame amount, secure it with the initial laon

Do it again at a third bank.

Wait 1 month, and go pay off the first one with the third bank's loan money, get back your initial 400-500.

Wait another month and the same at bank 2, wait another month and do it at bank 3.

As long as all 3 report you should get a nice bump.

This is very similar to Check Kiting and is a kind of fraud.

Have fun with that.
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