Thread: I Raised My credit score from 690 to 789 in one month. This is how..
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Old 04-12-2007, 04:08 PM  
AaronM
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Quote:
Originally Posted by luv$ View Post
Umm... no.

Check kiting is any sort of fraud that involves drawing out money from a bank account that does not have sufficient funds to cover the check.

The formula above requires that you start with the initial amount you would need to do this via a SECURED loan. Then every loan thereafter is a secured loan.

All you're doing is paying a secured loan within 30 days at 3 different locations utilizing your initial investment.

This is not fraud.

I said it was "SIMILAR" to check kiting.

I spent a few years in the banking industry and part of what I did involved closing the account of people who pull the shit you are referring to.
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