What is there to stop me getting a bunch of pay day loans, maxing out some credit cards and skipping the country?
There are tonnes of payday loan companies offering up to $10,000 with very minimal background checks/credit history checks. The interest of course is crazy... but doesn't really matter if you have no intention of paying it back.
Can someone explain what I'm not seeing? Why don't more people do this?
>>1781351
Because you would need to leave your country and become a fugitive, with constant possibility of getting arrested.
How would you transfer the money? Bitcoin?
>>1781377
that's a workable idea.
>>1781372
Is it illegal though? I think it would just be a civil matter wouldn't it? Technically you haven't done anything criminally wrong
>>1783481
fraud retard
>>1783527
How is it fraud if you're completely honest on your applications - they don't ask for background or credit checks, so you're not lying/making a fraudulent application at all?
>>1783527
It’s only a civil law matter — a breach of contract