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Old 05-16-2003, 12:46 PM  
goBigtime
Confirmed User
 
Join Date: Nov 2002
Posts: 7,761
How about this?

For every $2000 you can spend....

Take the $1000 and open an account with Bank A.
Take out a secured loan for $900 (against your account)

Take the $900 to BankB open an account,
Take out a secured loan for $800

Take $800 to Bank C
Secure a loan for $700

Take $700 to Bank D
Secure a loan for $600

Take $600 to Bank E
Secure a loan for $500

((stop with 5 accounts))

Now pay 30% of your balance each billing cycle for a year...

Ie BankA balance is ~$900, so pay $270. THen then balance is ~$630 so pay ~$189 (second month) etc.

All the banks want to know is that you are capable & responsible enough to pay your bills on time.

Last edited by goBigtime; 05-16-2003 at 12:48 PM..
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