For those that need a large short term loan - Tilted Forum Project Discussion Community

skier · 02-22-2004, 03:17 PM

say for your business or whatever it may be.

With a good line of credit, you can collect a large number of credit cards. Use them collectively and say, you could buy 30,000$ worth of widgets or bolts or something else, and pay the cards off before the end of the month with your earnings.

Card companies discourage this, but it's not illegal (to my knowledge) This has proven quite useful for a few of my friends.

P.S.- If this IS illegal, someone PLEASE mention this right away so no one gets hurt.

Cynthetiq · 02-23-2004, 08:38 AM

it isn't but it does raise red flags as to the kinds of money that is being moved around and about.

think... money laundering.

PulpMind · 02-23-2004, 10:52 PM

I know some people who were putting together a large festival... and needed about $20,000 in specialty equipment for the performers... rental would of been pretty expensive on it's own, so instead they just bought everything a week before the show, and returned it a couple days after... noone lost a penny =)
that was probably illegal... or at least immoral... but only the big bad corperations were hurt, right?

02-22-2004, 03:17 PM	#1 (permalink)
skier Rawr! Location: Edmontania	For those that need a large short term loan say for your business or whatever it may be. With a good line of credit, you can collect a large number of credit cards. Use them collectively and say, you could buy 30,000$ worth of widgets or bolts or something else, and pay the cards off before the end of the month with your earnings. Card companies discourage this, but it's not illegal (to my knowledge) This has proven quite useful for a few of my friends. P.S.- If this IS illegal, someone PLEASE mention this right away so no one gets hurt. __________________ "Asking a bomb squad if an old bomb is still "real" is not the best thing to do if you want to save it." - denim

02-23-2004, 08:38 AM	#2 (permalink)
Cynthetiq Tilted Cat Head Administrator Location: Manhattan, NY	it isn't but it does raise red flags as to the kinds of money that is being moved around and about. think... money laundering. __________________ I don't care if you are black, white, purple, green, Chinese, Japanese, Korean, hippie, cop, bum, admin, user, English, Irish, French, Catholic, Protestant, Jewish, Buddhist, Muslim, indian, cowboy, tall, short, fat, skinny, emo, punk, mod, rocker, straight, gay, lesbian, jock, nerd, geek, Democrat, Republican, Libertarian, Independent, driver, pedestrian, or bicyclist, either you're an asshole or you're not. What's the best nation in the world? DO-NATION!

02-23-2004, 10:52 PM	#3 (permalink)
PulpMind Addict Location: Portland	I know some people who were putting together a large festival... and needed about $20,000 in specialty equipment for the performers... rental would of been pretty expensive on it's own, so instead they just bought everything a week before the show, and returned it a couple days after... noone lost a penny =) that was probably illegal... or at least immoral... but only the big bad corperations were hurt, right?